Ternil region’s residents obtain business develment grants worth UAH 170M

The relevant statement was made by Ternil Regional Employment Center Director Myka Horodetskyi in a commentary to an Ukrinform correspondent.

“In the Ternil region, a total of 721 projects have been approved as part of the Own Business [Vlasna Sprava] microgrant programme. About UAH 170 million in grant assistance was allocated for them. Government assistance was provided for businesses erating in such sectors as trade, health and social services, manufacturing, farming, horticulture, floriculture, food, education, beauty, recreation, etc. Overall, more than 1,500 new jobs will be created,” Horodetskyi td.

Since July 2022, microgrants have helped 119 individuals (including 15 formerly unemployed) to start their own business. Additionally, 532 existing entrepreneurs and 70 legal entities are develing their businesses and have already recruited more than 1,000 workers. Of them, 820 applicants were employed with the support of Ternil Regional Employment Center, including 70 internally displaced persons (IDPs).

The grant programme’s winners include IDPs and relocated businesses. More than UAH 93 million worth of grant funds has already been returned to the state and local budgets through tax payments and obligatory charges.

A reminder that the ‘Made in Ukraine’ regional office ened in the city of Ternil.