Ukraine funding reconstruction of Russian-damaged industrial parks under new program
The Cabinet of Ministers has begun providing incentives to industrial parks that have been damaged by Russian attacks (Photo: Yulia Svyrydenko / Telegram)
Ukraine launched a new government program to fund the reconstruction of industrial parks damaged by Russian airstrikes, Prime Minister Yulia Svyrydenko announced on Telegram on May 29.
Ukraine's Economy Ministry approved a 91 million hryvnia ($2.1 million) grant for Sparrow Park Lviv, an industrial park that sustained damage during a large-scale Russian attack on Lviv in 2025. The funds will go toward rebuilding the park's industrial infrastructure, Svyrydenko said.
The ministry also approved the first grant of 2026 — 5.5 million hryvnias ($124,177) — for the Smart Tech Industry park in Poltava Oblast, to be used for the construction of gas and water supply networks.
The program operates under Ukraine's "Made in Ukraine" industrial policy.
Under its terms, the government covers up to 80% of infrastructure reconstruction costs, capped at 200 million hryvnias ($4.5 million) per park. For new infrastructure construction, funding is split evenly — 50% government, 50% private — with a maximum public contribution of 150 million hryvnias ($3.4 million).
"At the same time, the management company must invest its own funds, commission at least 5,000 square meters of industrial space, and bring in no fewer than two industrial enterprises," Svyrydenko said.
Ukraine's 2026 state budget has allocated 1 billion hryvnias ($22.6 million) for industrial park incentives. The application window opened March 31 and runs through Aug. 15.
"As of the end of 2025, 37 factories have been built or are under construction in industrial parks. Industrial parks are a key part of the investment component of the Made in Ukraine policy," Svyrydenko added.
Separately, on May 28, the Cabinet of Ministers added the Uladivka AgroOil Hub industrial park in Vinnytsia Oblast to the official industrial parks registry, bringing the total number of registered sites to 119.
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