The Government has improved the procedure for granting grants for the creation or development of own business

The Cabinet of Ministers of Ukraine has amended the Procedure for Providing Microgrants for Starting or Developing a Business. The innovations expand the possibilities for using grant funds, reduce the number of documents required to be submitted to the bank to confirm expenses, abolish the maximum amount of grants to be provided during one application period, and clarify a number of provisions for veteran entrepreneurs, which simplify the receipt and use of grant funds. The Government adopted the relevant decision at a meeting on November 7, 2023.