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How to get a UBD grant?

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Publication date: 27.09.2024

The program from Diya provides an opportunity for veterans and their family members to receive substantial financial assistance for opening or developing their own business. This grant is designed to support those returning from war, as well as their loved ones, to help them adapt to civilian life.

What is a grant?

A grant offered through the "There's a Job" program is not a loan or credit. This is non-refundable financial assistance that can be used to develop or create your own business. The amount of the grant can reach one million hryvnias, which provides significant support for start-up entrepreneurs or for the expansion of existing businesses.

  • The grant is intended for combatants and persons with disabilities as a result of war.
  • Spouses, husbands or children of dead or wounded military personnel can participate.
  • An important condition is the creation of at least two jobs.

The terms of the competition are quite flexible and allow a large number of willing entrepreneurs and beginners to take advantage of the opportunity.

How to get a grant?

The process of obtaining a grant includes several stages, including submitting an application through the Diya portal, preparing a business plan and participating in the selection process.

  1. Register on the Diya portal and submit an application.
  2. Prepare a business plan that demonstrates the viability of the idea.
  3. Go through a selection process that includes an interview and plan evaluation.

These are the main steps you need to know before deciding to submit your application. However,   in the process, you will see that there are still a lot of stages and procedures that will need to be completed before reaching the goal.

Question

What is the maximum grant amount? 

Respond

The amount of the grant can reach one million hryvnias.

Question

Is it possible to use the grant to develop an existing business?

Respond

Yes, financial assistance can be directed to both new and existing businesses.

Question

Do I need my own funds to receive a grant?

Respond

Until November 2023, it was necessary to contribute 30 percent of the cost of the project independently. After certain changes by the government decree, this requirement applies only to those grants that exceed the receipt of 500,000 hryvnias. Thus, it all depends on the amount you plan to receive. Up to 500,000 hryvnias - co-financing is not provided, instead, over 500,000 hryvnias - the program covers up to 70% of the project cost, and the remaining 30% must be invested independently.

What obligations arise when veterans receive financial support for veterans ?

Within six months, you will be obliged to employ a certain number of workers, depending on the amount of funds received. 

Help with applying.

Our team specializes in assisting individuals who have decided to receive a grant for veterans and their families. What do we offer?

Business plan - experts will help you draw up a clear business plan to receive a grant. 

Legal consultations - will help you choose the optimal form of ownership for the business.

Support for veteran entrepreneurs when applying - the program provides assistance at all stages of applying.

 

This is not an exhaustive list, because each time we adapt to the client's needs and thus determine the form of cooperation. Perhaps someone already knows how to write a business plan, but cannot understand the Diya platform - how to submit what and where. Or, on the contrary, someone has good communication skills for submitting applications, but from a financial point of view is not ready to start writing a business plan. In all cases, we specify the client's request and provide the appropriate service according to the need so that you receive the most likely funding for veteran entrepreneurs.

Peculiarities of obtaining grants

It is important to understand that each grant for veterans is awarded on a competitive basis. This means that in order to receive funding, it is necessary to prepare a high-quality business plan or project application, which must meet the requirements of the grantor. Not only potential business profits are evaluated, but also the social significance of the project. For example, business ideas that address community issues or create jobs for other veterans may be preferred.

State grants for veterans are part of a large-scale rehabilitation and social integration program, so such initiatives are supported at all levels of government. In addition, financing can be provided by international organizations that support the development of entrepreneurship among veterans. Receiving a grant can be a powerful impetus for the creation or development of a business that has a long-term positive impact on local communities and the economy in general.

Grants for UBD: what you need to know

There are separate support programs for combatants who take into account their special status and experience. Grants for UBD often have simplified conditions for obtaining, in particular, less requirements for a pledge or reporting for the funds used. Veterans who have the status of UBD can apply to specialized state bodies or non-state funds dealing with issues of social support for military personnel.

In addition to government programs, many for-profit companies and charitable organizations also offer grants to veterans. For example, there are microfinance programs for the development of small businesses among veterans, which provide small amounts on favorable terms.

Support for veteran-owned businesses. How veterans can get a grant

The procedure for obtaining a grant for veterans usually involves several stages. First, you need to familiarize yourself with the available financial aid programs, find out the requirements for applicants and prepare all the necessary documents. Key documents usually include a certificate of participation in hostilities, a detailed business plan and other confirmation that the project meets the requirements of the grantors. It is important to pay attention to application deadlines and additional requirements for contestants.

It is also worth contacting consulting companies or organizations that specialize in helping veterans prepare grant applications. Their help can significantly increase the chances of receiving funding, as such organizations often have experience in communicating with government bodies and international funds.

Conclusion

 Government grants for veterans are an important support tool that helps ex-servicemen adapt to civilian life and develop their own business initiatives. Veterans Business Grants provide an opportunity to start or expand a business, thereby increasing economic activity and contributing to social stability. Support programs, in particular business grants for veterans, create the necessary conditions for veterans so that they can realize their potential and ensure a stable future for themselves and their families. The grant program "There is a job" is a real chance for veterans and their families to start their own business with state support . In addition to financial assistance, the program offers a wide range of consulting services that ensure the successful implementation of a business idea. Such an initiative contributes not only to the social adaptation of veterans, but also to the general economic development of the country.

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