During the year of the preferential lending programme, Ukrainian manufacturers in the defence industry complex attracted 80 loans worth almost UAH 5 billion. The loan funds can be used to modernise production, buy new equipment and components and expand operations.
Currently, another 16 applications from defense enterprises for a total of nearly UAH 700 million have been approved for issuance. In addition, 52 applications for more than UAH 4 billion are at various stages of consideration.
“This is an effective support tool that helps our manufacturers scale up faster and move from development to mass production. The state is creating conditions for the defense industry to smoothly perform two important tasks: providing more Ukrainian weapons for the security and defense forces and building a sustainable defense economy,” said Deputy Minister of Defense of Ukraine Anna Gvozdiar.
The affordable lending programme for Ukrainian defence industry manufacturers is being implemented as a tool to support enterprises that are critical to the economy and defence capability. Private sector manufacturers that lack working capital to improve and scale up their production capacities can receive:
The interest rate for defense industry enterprises is 5%, with the state compensating for the rest.
Loan funds can be used to modernize production, purchase new equipment and components, expand operations, and support the development of new models of weapons and military equipment and their launch into serial production.
To obtain an affordable loan, manufacturers shall apply to one of the program’s partner banks. Currently, five banks (Укрексімбанк, Ощадбанк, МТБ Банк, ПУМБ, Банк Кредит Дніпро) that meet the security criteria are participating in the aforesaid program.
How to get a loan:
Source: https://mod.gov.ua
