Support for SMEs from Zhytomyr Regional State Administration

Get up to UAH 93,000 to develop your own production

“The program provides an opportunity to reimburse the interest rate on a loan for small and medium-sized businesses in the region. This initiative of Igor Gundych is aimed at ensuring that our small and medium-sized businesses has access to cheap financial borrowing,” said Oleksiy Shatilo, Director of the Department of Economic Development, Trade and International Cooperation of the Regional State Administration.

What needs to be done:

1. Obtain a loan of up to UAH 750 thousand for up to 3 years from partner banks (Oschadbank, “Build Your Own” program);

2. Contact the Department of Economics of the Regional State Administration.

3. Sign a loan interest compensation agreement.

Entrepreneurs in the Zhytomyr region can take out a loan of up to UAH 750 thousand for up to 3 years and receive up to UAH 93 thousand from the regional budget (the NBU discount rate as of the date of signing)

Reimbursement can be received by enterprises engaged in:

– Wood processing and manufacture of wood and cork products;

– Production of furniture and food products;

– Processing of decorative and building stone.

Applicants can receive a loan for:

– Purchase of equipment and other fixed assets for production purposes;

– Modernization of the production process in order to reduce its cost;

– Improvement of the production process management system;

– Implementation of energy efficiency technologies in the production process;

– Development of new types of products (goods);

– Promotion of business and search for new markets for railway equipment.

Read more news here.

For more information on grants and opportunities, please click here.

 

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