The Ministry of Economy of Ukraine has signed the fourth cooperation agreement under the State Stimulation of Industrial Parks program. Sens Bank became the fourth state-owned bank to join the program. Support for industrial parks is part of the Made in Ukraine policy initiated by President Volodymyr Zelenskyy.
Initiators or management companies of industrial parks can apply to Sens Bank for state incentives in two key areas.
The first area involves providing funds on a non-refundable basis for the development of industrial parks. The state covers part of the costs of roads, communications, gas, water and electricity supply. This simplifies the development of parks and attracts investors.
The second area is compensation for the costs of connecting to utility networks. This reduces the financial burden and speeds up the launch of facilities. During martial law, compensation is only available for connection to the power grid.
“Four state-owned banks have now joined the state program to stimulate the creation of industrial parks. This shows that the program is gaining momentum and its launch last year was effective. We expect applicants to implement projects for the construction of engineering and transport infrastructure and fulfill their obligations. Thus, by 2027, the Ukrainian economy will receive more than 26 processing industry enterprises, which will have a positive impact on budget revenues to budgets of all levels,” said Deputy Minister of Economy of Ukraine Vitaliy Kindrativ.
“State incentives for the creation and operation of industrial parks open up vast opportunities for Ukrainian business. After all, in case of compliance, the client will receive funding in the amount of up to UAH 150 million in six steps. This is an unprecedented program. I am convinced that Sense Bank, thanks to its modern and digitalized internal processes, is able to take this program to a new level, providing entrepreneurs with quick solutions,” commented Andriy Sokolov, a member of the Sense Bank Management Board.
13 industrial parks have received funding to implement 26 projects. Two more municipal parks will receive funds in 2025. 65,000 m² of production space and 26 new enterprises will appear in three years.
Participants in industrial parks receive a number of tax and customs incentives, such as
In 2025, UAH 500 million is earmarked to stimulate industrial parks, and the amount may be increased based on the results of the first half of the year.
The development of industrial parks is strategically important for Ukraine’s economic growth, investment attraction and job creation. Industrial parks are the engines of the economy, contributing to the development of the processing industry, increasing Ukraine’s competitiveness and strengthening its position in global markets.
Source: https://me.gov.ua/
