On the initiative of the Ministry for Communities, Territories and Infrastructure Development, the Government has approved the allocation of UAH 2.3 billion in subventions for 2024. A subvention is an allocation from the state budget to local budgets for the implementation of necessary objectives. According to the decision of the Cabinet of Ministers, the subvention will be allocated to local budgets for the implementation of projects under the Ukraine Early Recovery Programme. UAH 2.3 billion will be distributed to the local budgets of communities whose projects were previously approved by the European Investment Bank.

In 2024, the programme will implement 66 projects aimed at restoring social infrastructure, housing and utilities in the regions affected by russia’s military aggression.

In 2015, a financial agreement between Ukraine and the European Investment Bank (the Ukraine Early Recovery Programme) approved the intention to raise EUR 200 million in loans for the implementation of projects aimed at restoring and modernising the infrastructure of the regions affected by the russian aggression, as well as the regions hosting a significant number of internally displaced persons. According to the financial agreement, the implementation period ends in December 2024.