The Ministry of Economy of Ukraine Supports Industrial Parks Development
The Ministry of Economy of Ukraine is working to create favorable conditions for the development of production in industrial parks. Deputy Prime Minister Yulia Sviridenko announced that initiators or managing companies of industrial parks can receive up to 50% of the construction costs for necessary infrastructure from the state, with a maximum amount of 150 million hryvnias. Additionally, the government will cover half of the expenses for connecting to the power grid.
For industrial parks located in the de-occupied territories, the incentive will cover up to 80% of the required work. To participate in the program, interested parties must follow these steps:
- Submit an application to an authorized bank by August 15th
- Have the bank review the application
- Have the Ministry of Economy of Ukraine review the documents and make a decision on providing assistance
