Business grants contest is open for IDPs and Donbas’ local residents

UNDP-UA_business grantsSince 2015, UNDP supported 550 businesses enabling to create some 3 000 jobs. Photo credit: © Oleksandr Ratushnyak

 

UNDP has launched the new business grants contest for internally displaced people and local residents of Donetsk and Luhansk regions to support entrepreneurship and small businesses in Donbas.

Application for grants is open to IDPs residing in Donetsk and Luhansk oblasts as well as to local populations of these regions until 3 August 2017.

UNDP grants will be allocated to help launch, restore or expand small business activities. Applicants must present business plans that demonstrate long-term prospects for profit, relevant market indicators, and which provide self-employment or job creation opportunities, including for family members.

Business grant amounts will depend on the number of jobs created by the activity:

  • UAH 250 000 will be allocated to business plans aiming to create at least 4 jobs;
  • UAH 200 000 will be allocated to business plans aiming to create at least 3 jobs;
  • UAH 150 000 will be allocated to business plans aiming to create at least 2 jobs;
  • UAH 75 000 will be allocated to business plans aiming to create at least one job (including self-employment).

Successful applicants will be required to contribute by at least 25% of their business project’s total costs.

See Ukrainian version for additional information and instruction for applications.