How to get up to UAH 8 million for a processing business

The processing industry has always played an important role in any country, because with its help, citizens can transform various raw materials into finished products.

For example, processing of agricultural raw materials, production of natural fabrics, processing of precious metals, production of chemicals, etc.

However, in order to open your own processing enterprise, you need to have significant financial resources, which are not always available to ordinary citizens. That is why the issue of obtaining grants for the creation of such enterprises is more relevant than ever.

In this informative article, we will talk about how it is possible to receive a grant of up to UAH 8 million for a processing business in Ukraine.

Who can apply for the grant program?

Potential candidates for participation in the grant program are persons who are just planning to create a processing enterprise, active individual entrepreneurs, and legal entities that, as of the date of application submission:

• are not actually in the TOT or other territories located in the active zone of hostilities, and do not conduct any type of economic activity on them;
• are not located on the territory of the Russian Federation and the Republic of Belarus, and do not conduct any type of economic activity;
• not included in the appropriate group of individuals and legal entities on which various types of state and international sanctions have been imposed;
• are not at any stage of bankruptcy and do not plan to liquidate their own enterprise;
• were not held criminally liable for committing corruption offenses (that is, there is no decision of the judicial authorities that has entered into legal force and where a legal entity or an individual was found guilty);
• do not have any debt to the state budget of Ukraine.

In what amounts is it possible to receive grant funding?

The terms of the grant program provide that the winners can receive funding in the amount up to UAH 8 million, but at the same time, it is necessary to create new jobs for citizens of Ukraine. The larger the amount a person receives under the grant, the more new places need to be created.

Yes, if you receive funding:

• up to UAH 1.6 million - 5 new jobs;
• from UAH 1.6 million to UAH 3.2 million - 10 new jobs;
• from UAH 3.2 million to UAH 4.8 million - 15 new jobs;
• from UAH 4.8 million to UAH 6.4 million - 20 new jobs;
• from UAH 6.4 million to UAH 8 million - 25 new jobs.

At the same time, it should be noted that the terms of the grant program provide for financing of project costs in most regions of Ukraine - 50% from grant funds, and the other 50% must be financed directly by the individual.

In addition, there are also financing conditions under which 80% of project costs are covered by grant funds, and only 20% is provided by the individual at his own expense.

During what time periods is the submitted application for the grant program considered?

Usually, in practice, the submitted application is considered within 15 working days from the end of the deadline for its submission.

The decision to provide funding by the grantor is made on the basis of the following factors, namely:

• the business plan is evaluated;
• the person's business reputation is checked;
• there is an interview.

Do you still have questions about receiving a grant for a processing enterprise?

In such circumstances, you should seek help from the Prikhodko and Partners law office. The specialists of our firm have excellent knowledge in this field of legal relations, which enables them to answer all the questions of the company's clients.

In addition, we apply only an individual approach to every situation that arises with citizens in practice, and this in turn guarantees the receipt of appropriate legal support and leaves only pleasant impressions from cooperation. Don't delay and apply!