April 16, 2024

The European Fee has launched a brand new €7.5 million grant scheme to assist Ukrainian SMEs combine and profit from the only market.

The so-called ReadyForEU scheme includes two requires proposals directed to Ukraine-based companies and entrepreneurs: the Enterprise Bridge and the Erasmus for Younger Entrepreneurs — Ukraine. The calls comply with the nation’s latest entrance into the singlemarket programme, which can also be offering the funding.

“ We’re providing tangible monetary assist for small Ukrainian companies and entrepreneurs.

The Enterprise Bridge

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With a funds of €4.5 million, this motion provides monetary assist to SMEs affected by the conflict, within the type of vouchers. These will allow the businesses to entry companies and participate in commerce festivals within the EU.

A devoted consortium of enterprise organisations will choose as much as 1,500 growth- and sustainability-oriented Ukrainian SMEs, which can obtain as much as €2,500. The grant’s goal is to cowl prices associated to enterprise assist companies, comparable to authorized, monetary, or organisational recommendation.

In response to the Fee, the decision won’t solely assist corporations concerned in addition to increase the reconstruction of the Ukrainian economic system, but additionally present different markets to EU companies, following the lack of the Russian and Belarusian markets.

The Erasmus for Younger Entrepreneurs — Ukraine

With a funds of €3 million, the second call goals to allow new Ukrainian entrepreneurs to realize enterprise expertise in different European nations.

It would choose organisations within the Ukraine and the EU to recruit as much as 430 entrepreneurs and match them with host entrepreneurs based mostly within the bloc. It would additionally present them with monetary assist and contribute to their dwelling and journey bills.

This motion shall be applied as a part of the already present Erasmus for Young Entrepreneurs programme.

“Europe is dedicated to supporting Ukraine’s profitable integration within the single market,” Thierry Breton, Commissioner for Inside Market, stated in a statement. “With right now’s requires proposals, we’re providing tangible monetary assist for small Ukrainian companies and entrepreneurs to construct new partnerships with different European corporations and broaden into the EU.”

Ukrainian SMEs and entrepreneurs will be capable of apply within the last quarter of this yr.