Ministry of Economy, Environment and Agriculture presented new opportunities to businesses in Kyiv and Poltava regions for the restoration of war-damaged production facilities

Since the start of russia’s full-scale invasion, more than 1,000 enterprises have been damaged in Kyiv region. At the same time, the region continues to recover: since the beginning of the year alone, over 10,000 new businesses have been registered here. Poltava region, which remains a relatively safe region for doing business, is also feeling the effects of the war—enterprises need tools to restore property, support production, and preserve jobs.

To support businesses in these affected regions, the Ministry of Economy, Environment, and Agriculture of Ukraine is holding regional meetings during which entrepreneurs are introduced to available recovery tools for damaged or destroyed businesses.

“The war is forcing Ukrainian businesses to operate under constant risk. Meanwhile, businesses continue to produce goods, provide people with jobs, and contribute to local budgets. Our goal is to ensure that businesses affected by the war have a clear path forward: how to document losses, where to obtain funding for recovery, and how to take advantage of grants, war risk insurance, and other support programs,” said Taras Vysotskyi, Deputy Minister of Economy, Environment, and Agriculture of Ukraine.

Regional meetings are an important part of business support. They allow entrepreneurs to receive practical explanations regarding government programs, while the Ministry of Economy, Environment and Agriculture, regional military administrations, and partners—to promptly receive feedback, address issues, and refine recovery tools in line with business needs.

In particular, starting July 1, small and medium-sized businesses will be able to obtain lower-interest loans to restore destroyed or damaged property under the Affordable Loans at 5-7-9% program. The interest rate on these loans will be 0.1% for the first two years. The maximum loan amount is up to UAH 150 million.

Reconstruction loans will not count toward the overall limit of the “5-7-9%” program. Therefore, businesses will have a chance to secure additional funds specifically for reconstruction. Applications can be submitted within two years of the date the damage or destruction of property was documented.

In addition to the new loan instrument, participants in the meetings were presented with support programs already in place as part of the Made in Ukraine policy for the development of Ukrainian manufacturers.

Grants for the restoration of manufacturing enterprises. Processing industry enterprises can receive grants of up to UAH 16 million—but not exceeding the amount of confirmed losses—to restore production capacity in place of facilities damaged or destroyed as a result of hostilities. The Government covers up to 80% of the project cost, with the applicant providing the remaining 20%.

War risk insurance. The program is implemented by the Export-Credit Agency. Enterprises in frontline territories are eligible for up to UAH 30 million in compensation for damaged or destroyed property. Businesses throughout Ukraine are eligible for compensation of up to UAH 3 million in insurance premiums under insurance contracts covering war risks.

The Point of Support Program helps businesses retain their workforces during forced downtime. Employers can receive compensation for employee wages and unified social contribution payments for the period during which operations are being resumed.

Entrepreneurs in the Kyiv and Poltava regions also received guidance on the eligibility criteria for the programs, the list of required documents, and the application process. For further clarification, they may contact the Kyiv and Poltava Regional Military Administrations, the regional offices of the Made in Ukraine Office for Entrepreneurship and Export Development, as well as the programs’ partner banks.

The meetings were attended by representatives of the Ministry of Economy, Environment and Agriculture, the National Development Institution, the Export-Credit Agency, the State Employment Service, the Kyiv and Poltava Regional Military Administrations, local government bodies, banks, and regional businesses.