Government allots funding to the first recipients of grants for the development of the processing business

The Government has agreed to allocate UAH 44.3 million 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, raw materials, etc.

Among the projects to which the financial resources will be directed are the launch of a line for the production of wire, the scale-up of the production of children's toys, the purchase of modern equipment for the expansion of the production of 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 provide employment for 150 people.

"The creation of about 75,000 jobs during the year and the emergence of new enterprises that will create quality Ukrainian products - we expect such results 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 the First Deputy Prime Minister - Minister of Economy of Ukraine Yulia Svyrydenko.

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

Among the most popular directions 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 grains, legumes and oilseeds - 3.8%, production of of meat products and meat - 3.2%.