Three more industrial parks - Korosten, BF Terminal and Vinnytsia Industrial Park - have received state funding under the Made in Ukraine policy.

The management company of Korosten Industrial Park in Zhytomyr region will receive UAH 83.5 million of the required UAH 167 million to build an approach road.

The BF Terminal Industrial Park in Zakarpattia region will have railway tracks and electrical infrastructure built for a total of UAH 316.6 million. The state budget will finance approximately UAH 148 million of this amount.

The Vinnytsia Industrial Park will also have roads worth almost UAH 232 million. Thus, the state's participation in the project will amount to approximately UAH 116 million.

"The state programme to stimulate the development of industrial parks solves a significant problem - the lack of the necessary engineering and transport infrastructure. Support for the construction of roads and other infrastructure elements creates conditions for attracting investors and developing business in different regions. The programme has safeguards to ensure the efficient use of funds - companies are required to build production facilities and attract participants. Funding is provided through escrow accounts of state-owned banks, which ensures control and convenience," said Vitalii Kindrativ, Deputy Minister of Economy of Ukraine.

The programme provides funding of up to UAH 150 million to ensure the construction of the necessary infrastructure. Funds are provided on a non-refundable basis, covering up to 50% of the estimated cost of works such as land development or construction of engineering and transport infrastructure. The programme also reimburses up to 50% of the cost of connecting to the power grid. For the de-occupied territories, the state covers 80% of the cost.

The support of state-owned banks ensures transparency of the financing process and allows businesses to choose the most convenient terms of service. Ukreximbank, Oschadbank and Ukrgasbank are the Ministry of Economy's partners in implementing the programme.