EBRD SBIF Advice to Small Businesses Ukraine, Covid-19 Recovery
The Small Business Impact Fund is a multi-donor and strategic initiative of the EBRD to support small enterprises. This contribution aims to fund the initiative's advisory component in a critical moment for small businesses in order to facilitate post-pandemic recovery and adaption to new market conditions and a digitalizing economy in Ukraine.
The unfolding COVID-19 pandemic provoked a deepening economic crisis that hit and threatens SMEs the hardest and has further exacerbated access to finance, especially for women-led businesses. Digitalization gained importance for business continuity during and after the pandemic, but Ukraine’s SMEs lag behind. In addition, SME's poor understanding of modernized production processes and low value chain integration negatively affect SMEs’ recovery and capacity to rebound after the crisis. In this context, delivery of advisory also needs to adapt in order to effectively reach businesses and strengthen the local business advisory infrastructure.
The overall goal of this intervention is to strengthen SMEs and business advisory services in Ukraine, and thus contribute to a competitive and resilient SME sector. Advancing the digitalization processes of SMEs, their integration into local value chains and providing business advice will strengthen entrepreneurship and contribute to address challenges posed by the COVID-19 pandemic. This will in turn contribute to improve SMEs’ access to finance, growth and job creation. This will be achieved by 1) work on the demand side through hands-on SME advisory with a focus on digitalization, value chains and sustainable business practices- 2) work on the supply side by improving the local business advisory infrastructure.
Performance and professional capacity of SMEs enhanced
Productivity and growth of SMEs promoted
SMEs better integrated in local value chains
Quality and supply of existing local advisory services improved
New local advisory services created
Sustainability of market for local advisory services enhanced
The key outputs can be summarized as follows:
Local consultancy projects with SMEs implemented
International advisory projects with SMEs implemented
Trainings for SMEs conducted
Awareness raising and promotional events carried out
Market and Sector Development Activities promoted
Advisory projects to Aggregators on value chain optimization and improved ESG standards implemented
Trainings for consultants conducted
Upgrades of MEREZHA match-making platform developed
|Budget||Laufende Phase Schweizer Beitrag CHF 11’725’000 Bereits ausgegebenes Schweizer Budget CHF 0 Budget inklusive Projektpartner CHF 21’315’000|
|Projektphasen||Phase 1 01.12.2021 - 31.12.2025 (Laufende Phase)|