EUR 1.6 billion to support Ukrainian business: The EU has launched a call for proposals under the Ukraine Investment Framework.

The call is aimed at expanding access to finance for micro, small and medium-sized businesses, in particular:

▪️ for businesses in regions affected by the war;

▪️ for companies founded by IDPs, veterans and other groups affected by the war.

The total maximum amount of the competition is €1.6 billion, including €1.4 billion in loan guarantees and another €200 million in grants and technical assistance.

New funding for Ukrainian businesses is expected to be available in the second half of this year.

Businesses can now contact partner banks to apply for funding, which will be made available once the submitted initiatives are approved.

More about the competition and terms and conditions: https://cutt.ly/hrusmaTi 

Source: Ministry of Economy of Ukraine