GRANT SUPPORT OF THE EU4BUSINESS PROGRAM FOR MICRO, SMALL AND MEDIUM-SIZED BUSINESSES IN UKRAINE DURING THE WAR

Анотація

The article discusses the grant support of the EU4Business initiative of the European Union, which helps small and mediumsized enterprises in six countries of the Eastern Partnership (Armenia, Azerbaijan, Georgia, the Republic of Moldova, Ukraine) to more effectively realize their potential and stimulate economic growth. The research is devoted to the grant instruments of two EU4Business programs in the period from 2022 to 2023: program No. 1 "EU support to the East of Ukraine – recovery, strengthening of peace and governance" and program No. 2 EU4Business for micro-businesses. It is emphasized that the main goal of program No. 1 is to build peace, economic recovery and social cohesion in the East of Ukraine through socio-economic reconstruction; and the goal of program No. 2 is to restore the activities of micro-entrepreneurs in the territories of Ukraine that were most affected by hostilities and were de-occupied, as well as to strengthen the stability of micro-businesses in war conditions from all other regions of Ukraine. The study reviewed the main eligibility criteria applied to potential applicants and considered the step-by-step algorithm for submitting applications for participation in the grant competition for micro-entrepreneurs who are registered and operate in the regions most affected by the war: Dnipropetrovsk, Donetsk, Zaporizhia Kyiv (except Kyiv) Luhansk, Mykolaiv, Sumy, Chernihiv, Kharkiv, Kherson. It was emphasized that the winners of each of the competitions are determined automatically on a rating basis based on a comparison of the company's activity indicators before the war and during hostilities, therefore no calculations or business plans need to be made. Obstacles that potential grantees face on the way to EU4Business grant funding have been identified, namely: concerning general aspects of potential grantees' work with grant instruments and specific barriers in working with EU4Business grant instruments. It was concluded that the grant support of the EU4Business initiative of Ukrainian business, which contributes to the strengthening of entrepreneurs, is very important, since the stability of Ukraine's economy in the conditions of martial law depends on the competitiveness of business.

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