Nearly 100 Million UAH Allocated by the State for Industrial Park Recovery

Business Support Program Launched in Ukraine

According to Главком: A new initiative to help businesses rebuild industrial parks damaged by Russian strikes is now operational in Ukraine. The Ministry of Economy has approved 91 million UAH in funding for Sparrow Park Lviv, an industrial park that suffered extensive damage during a massive Russian attack on Lviv in 2025. An additional 5.5 million UAH has been granted to Smart Tech Industry in the Poltava region. The funds for Sparrow Park Lviv will be used to restore the park’s industrial infrastructure, while the allocation for Smart Tech Industry will support the construction of gas and water supply networks.

Recovery Program Conditions

This recovery program for damaged industrial parks is part of the broader 'Made in Ukraine' policy. The government covers up to 80% of infrastructure restoration costs, with a cap of 200 million UAH per park. For new infrastructure projects, co-financing is split 50-50, with a maximum state contribution of 150 million UAH. The 2026 state budget has set aside 1 billion UAH for government incentives aimed at industrial parks.

Applications for the program opened on March 31 and will be accepted until August 15. Businesses can submit applications through partner banks, including Oschadbank, Ukreximbank, Ukrgasbank, and Sense Bank. As of late 2025, 37 factories have been either completed or are under construction within industrial parks. According to Yulia Svyrydenko, managing companies must invest their own funds, bring at least 5,000 square meters of industrial space into operation, and attract a minimum of two industrial enterprises.

Industrial parks are a key part of the investment component of the 'Made in Ukraine' policy for supporting domestic producers. - Yulia Svyrydenko

Rebuilding industrial parks is a critical step toward revitalizing Ukraine’s economy, especially given the significant infrastructure losses caused by the war. This state-funded program is designed to attract private investment and spur industrial growth, which can lead to job creation and increased production capacity. A key feature of the initiative is the active role of partner banks, which helps businesses access the financial resources needed for recovery and development.

In addition to domestic efforts, international support for Ukraine continues to grow. For instance, Poland, Italy, and Japan have recently allocated over half a billion euros to assist the country in its recovery and rebuilding initiatives. This funding plays a crucial role in complementing local initiatives, such as the industrial park recovery program, aimed at revitalizing essential infrastructure. For more details on this significant international aid, read our article on financial support from Poland, Italy, and Japan.