Receiving a grant for military personnel and their relatives is financial assistance for business development or other types of activities that contribute to the socio-economic development of the region. If you are a serviceman or a relative of a serviceman who died or became disabled while protecting national security, you can apply for a grant from the state.
What are the grant programs?
As of April 2023, there are the following programs for military personnel and their relatives – for 250,000 UAH, 500,000 UAH., and UAH 1 million. The conditions for receiving aid are different depending on the program, but in general, receiving a grant is related to the creation of jobs for participants in hostilities and persons with disabilities as a result of war. In the case of receiving assistance for 250,000 – one workplace, 500,000 – two, 1 million – four places, two of which will be occupied by veterans or persons with disabilities as a result of the war. In addition, in order to receive UAH 1 million, it is necessary to be registered as a sole trader for at least 3 years.
It is also worth noting that the grant of 500,000 hryvnias. and UAH 1 million. provided only if the final beneficiary invests at least thirty percent of his own money in his enterprise or business, the other amount – in the amount of seventy percent – is provided by the state in the form of a grant.
What is the intended use of the received funds?
They should be used for purchasing cars or rent various types of premises necessary for the implementation of your project, software equipment and corresponding support for it, use of advertising and marketing for the purposes of the project, as well as raw materials and materials from which products are manufactured at the enterprise.
Thus, assistance for this category of the country’s population is one of the ways in which the state tries to support and promote its socio-economic rehabilitation. Besides, with the help of these grants, military personnel and their relatives can get financial support for creating their own businesses.
What documents must be submitted?
To receive a grant for military personnel and their relatives, the following documents must be submitted:
- Passport or another identity document;
- Documents confirming the status of a serviceman or a member of his family who participated in hostilities or became disabled as a result of the war ;
- A business plan, in which it is necessary to describe the business idea, the purpose of the grant, the cost of the project, and the plan for its implementation ;
- Documents confirming the creation of jobs provided for in the business plan, namely lease agreements, contracts with suppliers of raw materials, contracts with employees, etc .;
- Documents confirming the co-financing of the grant from own funds in the amount of 30% of the total amount of the project ;
Who decides on granting a grant?
To receive assistance for the support of military personnel and their relatives, it is necessary to contact the State Employment Service with an application for participation in the desired program together with a business plan.
Then, the authorized bank will check the application and business plan for compliance with the program requirements. If the application and business plan are approved, the State Employment Service will make a decision on providing assistance to support the business activities of servicemen and their relatives.
If a positive decision is made, the recipient of the grant must conclude an agreement with the authorized bank and the State Employment Service, which will define the conditions for using the aid and the mechanisms for receiving it.
If you want help in getting a grant for your business, our firm can be of help to you. Our specialists have experience in preparing business plans and filing documents for obtaining grants, including grants for military personnel and their relatives.
We are ready to provide you with professional advice on choosing a grant program, drawing up a business plan, and preparing documents for applying for a grant. Our specialists will help you to correctly define the purpose of the project, develop a strategy for its implementation, and determine the financial indicators necessary for successfully obtaining a grant .Do not waste time and contact us for help in obtaining a grant!