Made in Ukraine: First two industrial parks to receive state incentives in 2025
Two industrial parks - KRONOSPAN RIVNE in Rivne region and KYT in Kyiv region - received state funding totaling UAH 203 million under the incentive program implemented in accordance with the Cabinet of Ministers of Ukraine Resolution No. 644 (as amended).
KRONOSPAN RIVNE Industrial Park will receive UAH 55.3 million for the construction of a combined heat and power plant.
KYT Industrial Park, located in Bucha, Kyiv region, will receive UAH 147.7 million to implement a project to build on-site networks.
"We started financing industrial parks this year, supporting the first two parks in Bucha and Rivne for a total of over UAH 200 million. This is a direct investment by the state in the development of the infrastructure needed to launch production. For every hryvnia-equivalent dollar invested, the Government expects to attract an average of six dollars in private investment. One hectare of an industrial park means an average of 50 new jobs. Such projects represent the Made in Ukraine policy and create the foundation for the processing industry," said Yuliia Svyrydenko, First Deputy Prime Minister of Ukraine and Minister of Economy of Ukraine.
The program provides up to UAH 150 million in non-refundable funds for one or more projects of the applicant (within the total limit). The funding covers up to 50% of the cost of the work (up to 80% for the de-occupied territories). It is also possible to reimburse up to 50% of the costs of connecting to the electricity grid.
State participation implies mandatory obligations on the part of the applicant: to ensure the construction of at least 5,000 m² of industrial buildings and to attract at least two participants to the industrial park within three years.
Changes to the regulatory framework have made the program more flexible: it is now possible to apply for two consecutive years, but within the limit of UAH 150 million, and to involve not only own funds but also local budget resources, loans and grants for co-financing. Applications can be submitted until August 15 through one of the four authorized banks: Oschadbank, Ukreximbank, Ukrgasbank, or Sense Bank.
In 2024, 15 applicants received state incentives totaling about UAH 1.2 billion. In total, 33 projects for the construction of engineering and transport infrastructure have been implemented or launched: roads, railways, electricity, water, sewage, transformer substations, and connection to electricity grids.
As of today, 25 factories have been built or are in the process of being built in Ukraine's industrial parks. More than 100,000 m² of industrial real estate has already been built, and about 200 MW of electricity capacity is available for new enterprises to connect.