Companies will have the flexibility to choose the type of financing that best aligns with their strategic goals, according to a press release from UMAEF.
Details of the $50 Million Support Program
The direct investment program is designed to help Ukrainian SMEs expand their capabilities, implement innovations, and contribute to the country's economic stability amid challenging conditions.
Eligibility Criteria
The program targets SMEs that meet the following criteria:
- Annual Turnover: At least $5 million
- EBITDA: Minimum of $0.5 million
Funding Allocation
Qualified SMEs can receive funding amounts ranging from $1 million to $3 million. The funds can be utilized for various purposes, including:
- Overcoming War-Related Challenges: Assisting businesses in navigating difficulties associated with the ongoing conflict.
- Implementing New Initiatives: Enabling the adoption of new perspectives and strategic projects.
- Investing in Growth: Supporting expansion and development efforts to stimulate business growth.
Flexible Financing Options
The investment program will offer both equity and quasi-equity financing, allowing businesses to select the financing type that best supports their strategic objectives.
"By providing flexible financing options, we aim to empower SMEs to choose the most effective means to achieve their goals," stated a representative from UMAEF.
Promoting Economic Growth and Job Creation
In addition to financial support, the UMAEF program is expected to create new job opportunities, aiding in the restoration of Ukraine's economic growth during challenging times.
This initiative by UMAEF underscores a commitment to bolster the SME sector in Ukraine and Moldova, recognizing its vital role in driving economic resilience and recovery.
