Ukraine Enterprise Crisis Scheme

Ukraine Enterprise Crisis Scheme

Ukraine Enterprise Crisis Scheme

This Scheme provides funding to assist viable but vulnerable companies of all sizes in the manufacturing and internationally traded services sectors.

The Scheme offers two streams of support:

Stream 1 – Liquidity Needs

Stream 1 is a liquidity measure that will help viable manufacturing and Internationally Traded Services companies experiencing trading difficulties to access funding up to €500,000.  50% of this funding is provided on a non-repayable basis.  The minimum aid award of €20,000 will not have a repayable advance associated with it and will be in the form of a grant.

To qualify for funding, companies must demonstrate a 15% reduction in profitability (EBITDA) and either 2022 or 2023, as a direct or indirect result of the crisis resulting from the war in Ukraine.

Stream 2 - Support for Energy intensive companies

Stream 2 is a state aid support for eligible “energy intensive” businesses who are experiencing severe increases in energy costs in 2022 or 2023. Energy intensive businesses are businesses where at least 6% of turnover in 2022 was expended on energy costs.  

To qualify for funding, companies must demonstrate that their unit energy costs increased by at least 1.5 times in 2022 or 2023 compared to 2021, and that they have seen a 15% decrease in profitability (EBITDA). In such cases, a 50% contribution will apply to any unit energy charges in 2022 or 2023 that are more than 1.5 times the 2021 cost.

Further details on the overall Scheme (Stream 1 & 2) can be accessed HERE.

How to apply

To see if the scheme is suitable for you and to request an application pack, contact The Hub at Enterprise Ireland via the Enquiry Form.

Closing Date for Applications

  • Stream 1 will close on Friday, November, 17th 2023 at 17:30 Irish time.
  • Stream 2 will close on Thursday, 15th February, 2024 at 17:30 Irish time.