Renaissance/Reintegration

The Enterprise Renaissance Window (“ERW”) is available for MSMEs that:

• have experienced relocation, asset destruction, and/or loss directly due to the war in Ukraine and provided evidence to a PFI confirming the value of war-related losses or damages (“Verified Damage”)
• the value of war-related losses or damages equals or exceeds 15% of the eligible investment loan that the MSME applied for under the Pre-approved (LET) project type, under SPS or complex project types.
• has relocated substantially all of its business operations from a War Affected Territory or operates in a War Affected Territory of Ukraine. “War Affected Territories” means, at any relevant time, any territories of Ukraine that have most suffered from the Russia’s war of aggression, comprising basic administrative units of Ukraine (communities, or “terytorialna hromada”) in which military operations are (were) conducted or territories temporarily occupied by the Russian Federation, as identified by the government of Ukraine in line with Resolution #1364 dated 6 December 2022 on “Some Issues of Formation of the List of Territories in which Military Operations are (were) Conducted or Temporarily Occupied by the Russian Federation ” and listed in the Order No. 309 dated 22 December 2022 “On Approval of the List of Territories in which Military Operations are Conducted (Were Conducted) or Temporarily Occupied by the Russian Federation” or other official Ukrainian government sources listing such war affected territories that may replace the mentioned documents in the future.
• have neither received nor is expected to receive compensation for the Verified Damage from any third party outside of the Programme

MSMEs who believe they qualify should apply to their selected PFI for ERW together with their project investment application.

A Sub-Borrower qualifies for “VRW Category 1”, it is either:

• a sole entrepreneur who is a war veteran, or a legal entity majority (more than 50%) owned and/or led by the war veteran(s); or
• has war veterans representing more than 20% of its total permanent staff; or
• services war veterans that comprise at least 20% of its clients or revenues.

A Sub-Borrower qualifies for “VRW Category 2”, it is either:

• has war veterans representing more tha10% of its permanent employees; or
• services war veterans that comprise at least 10% of its clients or revenues; or
• is majority owned and/or led by immediate family member of a war veteran (a spouse, a son/daughter, and/or parents), or
• a war-affected person or is a majority owned and/or led by war-affected person(s), including: people with disabilities resulting from the war; volunteers of the Territorial Defence Forces of the Ukrainian Armed Forces; and family members of deceased (fallen) defenders of Ukraine.

and (for all VRW categories)

VRW sub-borrowers must have implemented or must commit to implement Veteran-friendly Measures (“VFM”): policies, practices, as well as infrastructure enhancements improving access for war affected persons and people with disabilities.

EBRD, with support from its consultants, will assist PFIs and VRW applicants in designing the VFM and raise awareness about best veteran reintegration practices among relevant stakeholders during the Programme’s implementation.

MSMEs who believe they qualify should apply to their selected PFI for VRW together with their project investment application.