Business in time of war: Odesa bakery company receives a grant from the state for almost UAH 7 million
Kyiv • UNN
An Odesa-based company producing bread, bakery and confectionery products received a UAH 6.73 million government grant to purchase equipment and reconstruct a new production facility, which created 10 additional jobs.
Odesa Regional State Administration supports the development of regional business, reports UNN.
Details
One example is TOT GROUP LLC, an Odesa-based company that produces whole grain bread, bakery and confectionery products. The company is creating new jobs and aims to become a major exporter of wheat products by promoting its brand on the foreign market.
For example, in 2023, TOT GROUP LLC took part in the regional SME Support Program and received compensation from the regional budget for the interest rate on a loan for the purchase of equipment.
The company also received a UAH 6,730,000 development grant from the state for processing enterprises.
"With the funds received, the company began renovating a new production facility, purchased modern equipment and has already created 10 additional jobs," the regional state administration informs
All available support programs are available at link.
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