
Vlasna Sprava: UAH 6 billion invested by the state in small business development through grants
Another 414 Ukrainians became the winners of the eighth wave of the Vlasna Sprava programme. They will receive grants to start or expand their businesses worth UAH 99 million. In total, 25,500 Ukrainians have become winners of the programme since its launch and will receive grants worth over UAH 6 billion. The grantees have already paid UAH 7.4 billion in taxes and fees to the budget. This was announced by Deputy Minister of Economy of Ukraine Tetiana Berezhna.
"More than 25,500 Ukrainians have become winners of the Vlasna Sprava programme since its launch and received grants to start or develop their businesses. Every fifth grantee has started a new company, while others are scaling up their businesses, increasing production volumes, expanding the range of products and services, and entering new markets with grant support. In total, the Government has invested UAH 6 billion in small business development through grants under this programme. At the same time, grantees paid UAH 7.4 billion in taxes and fees to the budget. Grant support for entrepreneurs is also an investment in the creation of 47,000 new jobs for Ukrainians," said Tetiana Berezhna.
Among the recipients of the eighth wave of microgrants, 58% are women, 33% are men, and 9% are legal entities. More than 70% of them have higher education. The majority of grantees are from Kharkiv (46), Lviv (46), Ivano-Frankivsk (29), Vinnytsia (27), Kyiv (27) regions and the city of Kyiv (25). The vast majority of grantees plan to use their microgrant funds to purchase. The vast majority of grantees plan to spend the microgrant funds on purchasing equipment needed to run their business.
The most popular areas in which the Eighth Wave grantees will operate are:
- wholesale and retail trade, vehicle repair - 146 entrepreneurs;
- processing industry - 49;
- temporary accommodation and catering - 49;
- other types of services - 42.
Background information
Under the Vlasna Sprava grant programme, Ukrainians can receive a microgrant of UAH 50,000 to UAH 250,000 to start or develop a business. Both existing entrepreneurs and people with no experience of such activities can receive a microgrant. To receive a grant of more than UAH 75,000, a prerequisite for receiving funds is the creation of 1-2 jobs, depending on the amount of the grant. Ukrainians aged 25 and under can receive a grant of up to UAH 150,000 with an obligation to register as a sole proprietor, but they do not have to create jobs. Entrepreneurs in the eight frontline regions can receive a grant of up to UAH 500,000, provided they create 1-2 jobs, depending on the amount of the grant.
The grant funds can be used to purchase or lease equipment, buy raw materials and supplies, and rent premises. Grant applications are submitted through the Diia portal along with a business plan. The programme is administered by the State Employment Service.
Information on how to apply for a grant under the programme is available on the programme's website.
The Vlasna Sprava (Own Business) grant programme is one of the components of the Made in Ukraine policy aimed at supporting the development of Ukrainian producers, increasing the production of high value-added products and stimulating demand for Ukrainian goods.