The USAID Competitive Economy of Ukraine program increases funding for the Business Continuity and Recovery Support Grant

USAID Competitive Economy of Ukraine program increases grant funding to support business continuity and recovery, including business relocation or recovery, expansion into foreign markets, and maintaining or improving existing business opportunities.

The grant program was opened on July 22, 2022 and is implemented in partnership with the Ministry of Economy of Ukraine. The amount of grant support has increased from 36 million UAH to 92 million UAH, which allows more small and medium enterprises to take advantage of its benefits. As part of the program, it is planned to provide about 120 grants in the amount of 600 000 UAH to 1,200,000 UAH.

      The program currently focuses on the information technology, engineering, manufacturing, services and creative industries sectors. At the same time, the program is open to applications for support from other sectors that meet the criteria of this request.

      The activities of the grant recipient may be focused on the following needs:

 improvement of business processes and models

 development of organizational potential
 development of production, sales, and also
 digital and trade capabilities

      Areas of grant assistance may include:

 product development and innovation

 creating or restructuring supply chains

 strengthening staff training and staffing

 improving online marketing and promotion in domestic and foreign markets, increasing business competitiveness

 and similar activities related to maintaining business continuity and recovery

      Applications will be accepted until July 24, 2023.

      Detailed information on the application, required documents and selection criteria can be found at the link.

      "The ability to restore and create jobs during the war is one of our priority tasks. Ukrainian business demonstrates the ability to develop even during the war, so we decided to expand funding to contribute to the country's economic recovery," Olesya Zaluska, head of the USAID Competitive Economy of Ukraine Program, notes."