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The Government Has Allocated Funds to the First Recipients of Grants for the Development of the Processing Business

The government has agreed to allocate 44.3 million Ukrainian hryvnias from the reserve fund to finance the first winners of the grant program for the development of processing business. In the near future, program participants who scored the most points for their business projects will receive funds for equipment, materials, feedstock, etc.

Among the projects to which the funds will be directed are the launch of a wire production line, the expansion of the production of children’s toys, the procurement of modern equipment for the expansion of making meat and sausage products, the purchase of an electro-optical sorting line for the processing and canning of fruits and vegetables, and others. 

Implementation of the first projects in the field of processing will give jobs to 150 people. 

“The creation of about 75 thousand jobs during the year and the emergence of new enterprises that will create quality Ukrainian products are the results we expect from the implementation of the grant program for the development of the processing industry. We support the Ukrainian manufacturer, whose products have a chance to take their place in world trade and prove their compliance with international quality standards,” emphasized Yuliia Svyrydenko, First Vice Prime Minister – Minister of Economy of Ukraine.

Ukrainians have submitted a total of 574 applications for participation through the Diia Portal since the launch of the grant program for processing enterprises. 65% of applicants plan to spend money on equipment, 22% – on putting the equipment into operation, 13% – on equipment delivery. 

Among the most popular areas in which entrepreneurs implement their projects are the production of goods and their wholesale trade – 4.5%, sawmilling and planing production – 4.1%, processing of grain, leguminous crops and oilseeds – 3.8%, making meat products and meat – 3.2%.

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