The Ministry of Economy has decided on state support for industrial parks

For the first time, the Ministry of Economy has announced some parameters of the program of state incentives for industrial parks to develop their industrial infrastructure. The budget for 2024 provides for UAH 1 billion for the development of industrial parks.

This was announced by Dmytro Kysylevskyi, Deputy Chairman of the Verkhovna Rada Committee on Economic Development, MP from the Servant of the People faction.

According to the parliamentarian, the purpose of this state support is to promote the emergence of a network of industrial parks ready to accommodate new or relocated industrial enterprises in a shorter time. The industrial parks will offer investors industrial land plots with utilities, ready-made buildings, some tax and customs incentives, as well as services from the management company of the respective IP.

"All over the world, industrial parks help attract investment in the real sector, particularly in manufacturing. This is also starting to work in Ukraine. Attracting investment in the real sector is part of the Made in Ukraine policy," Kiselevsky emphasized.

He clarified that a resolution regulating the procedure for providing incentives is expected soon.

"Information about the program parameters was announced at a meeting with industrial parks and communities, it is preliminary, as the resolution has not yet been approved by the government. However, it provides guidance for stakeholders on what to prepare," the MP added.

According to Dmytro Kysylevskyi, state support can be used to finance 50% of the cost of building the engineering and transport infrastructure of industrial parks: substations, power lines, water and gas pipelines, etc. For the de-occupied territories - 80%.

In addition, it means compensation for 50% of the costs incurred over the past 9 months for connecting to the power grid. For the de-occupied territories - 80%.

"The rest of the cost is financed by the applicant at their own or borrowed expense (loan, grant, money from local authorities, private investors, etc.). That is, we are talking about co-financing by the state and the applicant 50 / 50%, for the de-occupied territories - 80 / 20%," the parliamentarian informed.

He spoke about the main requirements that industrial parks must meet in order to receive state support:

- An industrial park must be registered and have a management company

- Availability of project documentation for the construction of engineering and transport infrastructure and relevant expertise

- A positive opinion from an authorized bank on the applicant's business reputation and financial solvency (similar to grant applications).

"Applications for state funding must be submitted by August 15," Kysylevsky emphasized.

According to the MP, the management company of the industrial park, when receiving state funding, assumes the following obligations:

- To implement the announced project within 2 years from the date of signing the agreement on the provision of state incentives.

- Within 3 years, to commission industrial buildings/structures with an area of at least 5000 square meters, as well as to attract at least two participants in the industrial park.

- In case of failure to fulfill these requirements, the funds received must be returned.

At the same time, as the parliamentarian noted, there will be mechanisms for monitoring the implementation of work by authorized banks.

"The final parameters will be contained in a resolution of the Cabinet of Ministers. But it is already clear what to prepare: The design and construction project, expertise, and a source of financing for our own part of the costs. And also the willingness to really work on the development of the industrial park to fulfill our obligations. I am sure that there will be such companies among the almost 80 registered IPs," summarized Dmytro Kysylevskyi.