The European Union, together with key institutions, is rolling out extensive support programs for Ukraine, with a total value estimated in billions of euros. During the URC2025 conference, a series of agreements were signed to provide Ukraine with financial, investment, and grant assistance aimed at the country’s recovery and modernization.
This is reported by Finway
New Funds and Investment Programs for Ukraine
The EU has signed agreements worth €2.3 billion, which include guarantees and grants, and have the potential to attract up to €10 billion in additional investments. As emphasized by European Commission President Ursula von der Leyen, the Global Reconstruction and Renovation Fund for Ukraine has been launched with an initial capital of €220 million. The main investment areas will be energy and critical technologies, with private sector involvement in the financing.
“The goal is to mobilize at least €500 million in capital for investment in enterprises that contribute to Ukraine’s recovery by 2026.”
Additionally, the European Investment Bank (EIB) together with the European Commission announced the launch of a new support package worth €600 million. The bulk of this amount consists of loans from the EIB, secured by EU guarantees. The funding will be directed towards the development of critical energy and transport infrastructure, as well as supporting the recovery of small and medium-sized enterprises and the private sector in Ukraine.
Support for Regions and Businesses: New Initiatives
The EIB, the European Bank for Reconstruction and Development (EBRD), and the European Commission have established the Ukraine FIRST fund (Ukraine Facility for Infrastructure Reconstruction) with a budget of €30 million. This program will allow for faster and higher-quality preparation of infrastructure projects for Ukraine. Additionally, the EIB is expanding grant programs to enhance the energy resilience of communities, allocating around €40 million for this purpose.
The EIB and the German government have also agreed to support Ukrainian regions dependent on the coal industry through the JTR-U program of the IKI Fund. Germany will increase its contribution to this initiative by €19.6 million.
The Ministries of Economy of Ukraine and Germany, the Norwegian Foreign Minister, the European Commission, and the German Society for International Cooperation (GIZ) have signed a five-party statement regarding a new phase of the economic development support program for Ukraine, Step in 2 EU. Additional funding of €25 million will raise the total budget of the program to €41.5 million. The funds will support small and medium-sized enterprises, the development of digital services for businesses, and the expansion of training programs for regional economic institutions. The Step in 2 EU program continues the initiatives EU4Business and ReACT4UA and is aimed at preparing Ukrainian businesses for operation in the EU market.