In Ukraine, the application process for grants for processing enterprises has begun. Find out who is eligible for funding and the conditions required.

Starting from February 15, businesses in the processing industry can submit applications for grants aimed at modernizing and expanding production.

This was reported by the press service of the Ministry of Economy.

"Almost 1000 enterprises have already upgraded their equipment thanks to this program. In 2025, the state allocates 3.6 billion UAH, which will support the development of the processing sector and contribute to the creation of over 3400 new jobs," stated the Minister of Economy, Yulia Svyrydenko.

Food producers, furniture manufacturers, chemical industry companies, metal producers, woodworking and textile enterprises, as well as other categories (NACE Code C) are eligible to receive funding. All entrepreneurs can apply, except for those operating in temporarily occupied territories.

The following conditions have been established for this:

• The business must create at least 5 jobs and operate for a minimum of three years to repay the funds through taxes;
• The bank evaluates the business plan of the enterprise, while the Ministry of Economy makes the decision regarding the grant issuance.

It is specified that the grant can be used for the purchase, delivery, installation, and commissioning of production equipment, including software.

"The format is co-financing, meaning that both the state and the producer contribute funds. For most regions, a 50/50 co-financing ratio is provided. Starting in 2024, for manufacturers of drones, printing services, and enterprises in combat zones where state electronic registers operate without a defined end date for such activities, preferential co-financing conditions apply – the state invests 80%, while the project initiators pay the remaining 20%. The maximum grant amount is 8 million UAH," the ministry added.

Background. Previously, Mind reported on the opportunities for exporters provided by Oschadbank. Yuriy Voychak, the director of the MSME product sales department at Oschadbank, discussed the main areas the bank is actively developing to support businesses aiming to enter international markets.