Objective: to select investment projects based on competitive conditions for partial reimbursement from the regional budget of interest rates on loans obtained by small and medium-sized businesses for the implementation of investment projects

IMPLEMENTATION PERIOD 2017

MAIN RESULTS:

15 projects were selected, the total amount of financial support is UAH 974,431.89.

As a result of the implementation of investment projects in the region, more than 91 jobs were created.

The Vinnytsia Regional Development Agency provided organizational support for the competitive process for the selection of projects, received documents, consulted those wishing to participate in the competition, prepared documents for consideration by the competitive committee, contracts for signature by the winners and banks. The staff members provided more than 60 consultations to business entities, prepared and sent 63 letters with information about the competition to the leading banking institutions of Vinnytsia region, the personal meetings and negotiations were held with representatives of 15 banks to establish a cooperation diagram. In total, 21 projects were submitted to the competition.

COST OF THE PROJECT: about UAH 1 million

The competition was held as part of the Regional Program for Development of Small and Medium-Sized Businesses 2017.