Weapon component manufacturers will be able to receive a grant of up to UAH 8 million: details from Shmyhal
Kyiv • UNN
Ukrainian manufacturers of components for weapons can receive a grant of up to UAH 8 million to expand production. The state will finance 50% of the project cost.
Ukrainian manufacturers of weapons components can receive a grant of up to UAH 8 million to create and expand their production. This was announced by Prime Minister of Ukraine Denys Shmyhal during a government meeting, UNN writes.
Details
"We continue to develop a new grant program for businesses that are building new industries. Now Ukrainian manufacturers of weapons components can receive a grant of up to UAH 8 million for the creation and expansion of their production," the head of government said.
According to the Prime Minister, production on the territory of Ukraine is a key component of the military-industrial complex program. It will mean self-sufficiency, defense capability and economic security of our state, and will also be able to contribute to the protection of Europe.
At the same time, Shmyhal stressed that the 50-50 principle will be launched - half of the funds for the project are invested by the state, half is invested by the entrepreneur. This is part of the "Made for Victory" program.
There will be a 50-50 financing mechanism - if the state gives UAH 8 million, the entrepreneur must also invest UAH 8 million. There are better conditions for drone manufacturers - 70% is provided by the state, 30% must be invested by the manufacturer. All this is within the framework of the "Made for Victory" program, which has a budget of UAH 1 billion
Addition
Prime Minister of Ukraine Denys Shmyhal discussed with his Belgian counterpart Bart de Wever cooperation between the two countries in the defense sector and increasing joint production.