The €7.5 million EU scheme aims to help Ukrainian SMEs benefit from the internal market
the European Commission has been launched a new €7.5 million grant scheme to help Ukrainian SMEs integrate and benefit from the single market.
The so-called ReadyForEU scheme includes two calls for proposals addressed to Ukraine-based companies and entrepreneurs: the Business Bridge and the Erasmus for Young Entrepreneurs — Ukraine. The calls follow the country’s recent entry into the internal market programme, which also provides funding.
“ We provide tangible financial support to small Ukrainian businesses and entrepreneurs.
The Business Bridge
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With a budget of €4.5 million, this action provides financial support to SMEs affected by the war in the form of vouchers. This allows the companies to access services and participate in trade fairs in the EU.
A dedicated consortium of business organizations will select up to 1,500 growth and sustainability-oriented Ukrainian SMEs, who will receive up to €2,500. The purpose of the grant is to cover costs related to business support services, such as legal, financial or organizational advice.
According to the Commission, the call will not only support the companies involved and stimulate the reconstruction of the Ukrainian economy, but also provide alternative markets for EU companies after the loss of the Russian and Belarusian markets.
Erasmus for Young Entrepreneurs — Ukraine
With a budget of €3 million, the second call aims to enable new Ukrainian entrepreneurs to gain business experience in other European countries.
It will select organizations in the Ukraine and the EU to recruit up to 430 entrepreneurs and match them with host entrepreneurs in the bloc. It will also provide them with financial support and contribute to their living expenses and travel expenses.
This action will be carried out as part of the already existing ones Erasmus for young entrepreneurs program.
“Europe is committed to supporting Ukraine’s successful integration into the internal market,” Internal Market Commissioner Thierry Breton said in a statement. rack. “With today’s calls for proposals, we are providing tangible financial support to small Ukrainian businesses and entrepreneurs to build new partnerships with other European companies and expand into the EU.”
Ukrainian SMEs and entrepreneurs can apply in the last quarter of this year.
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