New investment programs approved for Ukraine's recovery and SME support
On June 18, the fourth meeting of the Ukraine Investment Framework (UIF) Steering Board took place in Brussels. The UIF is a key instrument for realizing financial support under the Ukraine Facility program. The meeting was attended by representatives of the European Commission, the European Parliament, governments of EU member states, and international financial organizations, including the EIB, EBRD, IFC, BGK, and CEB.
The meeting's participants agreed to launch a new package of investment programs aimed at both the public and private sectors of Ukraine's economy. It is expected that their official presentation will take place during the Ukraine Recovery Conference (URC2025) in Rome on July 10-11.
Oleksii Sobolev, First Deputy Minister of Economy of Ukraine, thanked the European Commission, the European Parliament, the governments of EU member states and international financial institutions for their consistent support and development of the Ukraine Investment Framework as a key instrument for Ukraine's recovery.
"We are particularly grateful for the participation of new European financial institutions in this round of the UIF, including the French Development Agency, AFD, the Nordic Environment Finance Corporation, NEFCO, and the EDFI MC, the association of sovereign development banks. Our goal is to engage as many partners and financial institutions as possible to support Ukraine's recovery and ensure that UIF funds are mobilized quickly and efficiently. We can see how the UIF instruments help to reduce risks and accelerate new investment.
We also expect to implement more projects," said Oleksii Sobolev, First Deputy Minister of Economy of Ukraine.
In the area of public projects, the funds will be used for critical reconstruction areas such as social, municipal and energy infrastructure, in particular, this includes the repair and modernization of water and heat supply systems, waste management, as well as the construction of social housing and the implementation of energy efficiency initiatives in buildings.
For the private sector, the new UIF instruments create opportunities to reduce risks and raise capital for large-scale investments, including in renewable energy, direct investment contracts, and in key sectors of the economy of strategic importance.
One of the key decisions of the meeting was to extend the previous call for applications for indirect lending to micro, small and medium-sized enterprises through banking institutions. Implementing partners that meet the requirements will be entitled to submit their proposals to the European Commission in accordance with the revised call parameters.
Background information
The Investment Platform for Ukraine is an integral part of the Ukraine Facility, a EUR 50 billion instrument, of which EUR 9.3 billion is allocated to the UIF in the form of guarantees (EUR 7.8 billion) and blended financing (EUR 1.51 billion). The purpose of the platform is to mobilize investments for the modernization of the economy, reconstruction and sustainable development of Ukraine in accordance with the Ukraine Plan and EU policies.
The first programs under the UIF were presented in June 2024 at a conference in London, with a total support of EUR 1.4 billion. In March 2025, the European Commission and the EIB signed a guarantee agreement that will allow at least EUR 2 billion to be allocated to priority recovery projects.