Ministry of Economy of Ukraine
The government has launched a grant program for entrepreneurs who want to create and develop their own orchard farm. Participants may raise funding for planting a garden up to 25 hectares in size.
Funds may be granted to business entities - legal entities, individual entrepreneurs, the main activity of which is the cultivation of agricultural crops on their own or leased land, namely:
- individual entrepreneurs (IE);
- limited liability companies (LLC);
- farming enterprises (FE);
- private enterprises (PE).
The main requirements for the recipients are no entrepreneurial activity in the temporarily occupied territories and in the Russian Federation, not belonging to sanctioned persons, no open bankruptcy case and debts to the state.
The state will compensate 70% of the cost of the project for the participants who will create the first thousand hectares of gardens, for the rest - 50%. The participants may also raise loan funds under the 5-7-9 program for additional financing.
To participate in the program, it is necessary to prepare a business plan of your activity and submit it together with the application and the planting project through the Diya Portal. Next, the entrepreneur must open an account in an authorized bank branch, intended only for the purposes of his project.
The decision to allocate a grant is made by the Ministry of Agrarian Policy and Food within 10 days, provided that a compliant application with attachments is available. After receiving a positive conclusion on participation in the program, the entrepreneur must transfer his part of the project cost to the bank account. The state then sends its share to the same account.
The entrepreneur may use the grant only for the purposes defined by the program. This includes payment of wages, purchase of materials (tree seedlings, fertilizers) and equipment (for irrigation, etc.), planting of gardens. The bank provides support for the beneficiary’s expenditure operations from the account only in accordance with the planting project.
It is allowed to plant a garden on land, the right of ownership or use of which is confirmed by appropriate documents of title for a period of at least 25 years.
As part of the program, the participant is required to create from 3 to 20 new permanent and seasonal jobs, depending on the type of plants planted. An important condition is the employment of permanent workers in accordance with the standards per hectare: after that, the entrepreneur will be able to receive funds to cover the remaining 50% of costs. He must also carry out activities for at least 5 years and pay taxes and fees.
If he fails to meet these conditions, he must return the difference between the actually used budget funds and the actually paid taxes and fees. In case of inappropriate use of funds, state support shall be terminated, and the funds shall be returned to the state budget.
Reed also:
-
19.04.2024 | 15:45
| Section for Public and Mass Media Relations
The Ministry of Economy has prepared practical explanations for investors based on the results of the first launch meeting of Ukraine Business Compact
Following the results of the launch meeting of Ukraine Business Compact held in March 2024, the Ministry of Economy of Ukraine presented practical explanations and advice for international investors. The manual was developed with the coordination and analytical support of the Tony Blair Institute, as well as experts from the KSE Institute.
-
19.04.2024 | 15:44
| Section for Public and Mass Media Relations
Ukraine is interested in deepening cooperation between Ukrainian and Danish manufacturers in humanitarian demining: Yuliia Svyrydenko
Ukraine seeks to deepen cooperation with Danish manufacturers in order to create joint ventures for the production of equipment for demining Ukrainian lands. This was stated by Yuliia Svyrydenko, First Deputy Prime Minister - Minister of Economy of Ukraine, during a meeting with Jan Werner Jensen, CEO of the Danish company Hydrema, in Copenhagen on 15 April.
-
19.04.2024 | 15:42
| Section for Public and Mass Media Relations
European Commission approves the Plan for the Ukraine Facility
On Monday, 15 April, the European Commission approved the Plan for the Ukraine Facility and invited the EU Council to adopt the document. EU member states now have one month to adopt the Implementing Decision proposed by the Commission, which will pave the way for the full launch of the Ukraine Facility programme.
-
19.04.2024 | 15:33
| Section for Public and Mass Media Relations
Denmark allocates DKK 300 million to support business projects of its companies in Ukraine
The Danish government allocates additional funds for the Danish-Ukrainian fund, which promotes the attraction of investments by Danish companies in Ukraine. This was stated by Minister for Business of Denmark Morten Bødskov during the Second Investment Forum on the Reconstruction of Ukraine. The event was opened by First Lady Olena Zelenska. In addition, Minister of Foreign Affairs of Denmark Lars Løkke Rasmussen and First Deputy Prime Minister of Ukraine - Minister of Economy of Ukraine Yuliia Svyrydenko took part in the forum.
-
19.04.2024 | 15:31
| Section for Public and Mass Media Relations
eOselia: 9,000 Ukrainian families took loans for the purchase of housing worth UAH 14 billion
According to the eOselia programme, 9,000 Ukrainians took loans for the purchase of housing for a total amount of UAH 14 billion. Every fifth loan have been taken under mass mortgage conditions - at 7%. Deputy Minister of Economy of Ukraine Nadiia Bihun informed about this.