Ukraine plans to direct roughly thirty five to forty billion hryvnias to business support programs in 2026. The focus is on concessional lending, grants, state guarantees and incentives that can help companies invest even while the war keeps risks high.
Deputy economy minister Oleksii Sobolev said the largest instrument remains the Five-Seven-Nine concessional lending program. The government also wants to strengthen tools for energy projects and medium or large investment initiatives, where companies need longer planning horizons and more predictable financing.
From survival support to investment policy
One direction is energy resilience. A separate program is being prepared for businesses that invest in generation, storage or other critical energy solutions. For many companies, power stability is now part of production security rather than an optional upgrade.
The government is also discussing tax incentives for capital investment with international partners, including the IMF. The challenge is to support private investment without weakening fiscal discipline during wartime.
Another layer is the so-called industrial Ramstein format, which brings partner countries into coordination around Ukrainian industry. Germany, Italy and Japan are mentioned among participants. If this becomes practical, it could help connect Ukrainian manufacturers with technology, financing and new orders.
The key test will be execution. Business does not need only announced budgets; it needs clear rules, quick decisions and predictable access to programs. If support is simple and targeted, it can shift companies from survival mode to investment planning.
