Subsidies or financing for importing or investing
- luc LUYPAERTS
- Feb 20
- 1 min read
Below are several possibilities available in Belgium to secure subsidies or financing for importing or investing in a small clothing business in Ukraine:
Regional Support and Advisory ServicesRegional agencies such as VLAIO (Flanders), AWEX (Wallonia), and hub.brussels (Brussels) offer guidance, market intelligence, and funding advice. They can help you identify opportunities in Ukraine, navigate tender procedures, and even assist in finding local partners.
Export Credit Insurance via CredendoCredendo, Belgium’s export credit insurer, provides coverage for international transactions. Their export credit insurance can help mitigate risks when importing goods from or investing in Ukraine, ensuring that your financial exposure is limited.
EU Funding Instruments Through Belgian IntermediariesYou may also benefit from EU programs like InvestEU or the EU Ukraine Investment Framework. These funding schemes often involve blended finance—a mix of grants and loans—and Belgian intermediaries or advisors can help you apply and manage such funds.
Sector-Specific SubsidiesCheck with the Federal Public Service Economy (FOD Economie) or relevant industry associations for subsidies targeting the textile and clothing sector. These programs might support innovative, sustainable practices within your business model.
Private Investment and Development FundsPrivate investment companies, such as BIO Invest, sometimes offer financial support to projects in developing markets. This can be particularly useful if your project aligns with broader development or economic recovery initiatives in Ukraine.
It is advisable to contact these agencies directly to discuss your project specifics and determine which funding option best fits your needs. This targeted approach can help you leverage both national and EU-level support for your venture.
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