The objective of the UIF is to mobilise investments for the reconstruction, modernisation and long-term growth of Ukraine, supporting the objectives and the implementation of the Ukraine Plan and consistently with EU policy priorities. The UIF has a total capacity of EUR 7.8 billion of guarantee and EUR 1.5 billion of grants, investments grants, technical assistance and financial instruments. It is expected to mobilise around EUR 40 billion in public and private investments in Ukraine.
SMEs are the backbone of Ukraine’s economy, comprising 99% of all business entities, providing 74% of all jobs, and creating two thirds (64%) of value added in the economy. They play a crucial role for the resilience of Ukraine’s economy amid the war – and will be driving Ukraine’s integration into the EU and its Single Market. Therefore, supporting SMEs is a core focus of the UIF, with a minimum of 15% of its guarantee capacity specifically allocated to them according to the Ukraine Facility Regulation. A specific call is necessary for SMEs and small mid-caps. Given their limited capacities and the transaction costs, they usually do not benefit directly from lending or other type of support from EFIs. An intermediary, usually a bank in Ukraine, is therefore necessary. This justifies a specific call with different terms.
The total amount dedicated to the call is of EUR 1.6 billion including EUR 1.4 billion for budgetary guarantees and EUR 200 million for incentive grants and technical assistance. The total amount is indicatively allocated to the present call. However, its full mobilization will be at the discretion of the European Commission, pending the receipt and evaluation of the proposals. The present call has a unique deadline for submissions, tentatively fixed on 22 April 2025. No other submission date is planned in 2025.
Cover Note UIF Call on intermediated private lending operations
UKRAINE INVESTMENT FRAMEWORK PORTFOLIO OF INVESTMENT PROJECTS (PIP) / PROJECT1APPLICATION FORM
Τhe 3rd UIF Steering Board Meeting will take place on 7 march 2025 with the following agenda:
| 1 | 9:00 – 9:30 | Welcome Coffee |
| 2 | 9:30 – 9:40 | Opening remarks – Anna Jarosz-Friis (Chair; Director, DG ENEST D (Ukraine Service)) |
| 3 | 9:40 – 10:00 | State of play of Pillar II (incl. on-going operations) – Gabriel Blanc (Team Leader, DG ENEST D1 (Reconstruction & Accession)) |
| 4 | 10:00 – 10:30 | Q&As with Steering Board Members |
| 5 | 10:30 – 10:45 | [tbc] Call for Intermediated Lending to SMEs via Banks |
| 6 | 10:45 – 11:15 | Q&As with Steering Board Members + MS opinion |
| 7 | 11:15 – 11:30 | [tbc] Presentation of the EIB guarantee agreement |
| 8 | 11:30 – 11:45 | Coffee Break |
| 9 | 11:45 – 12:45 | Proposals 1 – 4 [5min presentation + 5min Q&A + 5min MS opinion] |
| 10 | 12:45 – 13:45 | Lunch Break |
| 11 | 13:45 – 14:45 | Proposals 5 – 8 [5min presentation + 5min Q&A + 5min MS opinion] |
| 12 | 14:45 – 15:00 | Conclusions & closing |