The Role of Grants in Ensuring Socio-Economic Stability in the Conditions of War in Ukraine

Abstract

Grant programs are a key tool for solving global human problems. They promote business development, especially businesses founded by women or veterans. In times of crisis, grants become indispensable support for overcoming difficulties. In Ukraine, grants stimulate the development of various spheres of society, supporting reforms, civil society, science, culture and economy, especially in the context of geopolitical and economic challenges. The purpose of the article is to analyze and systematize available grant programs for the population and business in wartime conditions, to determine effective ways to find and receive them. The authors consider grants as free financial assistance provided for the implementation of projects, education or business development. Grants have a number of advantages compared to other financial instruments, such as loans, attracting investors or crowdfunding. In particular, grants do not need to be returned, and they can be raised systematically, which expands the financial capabilities of organizations. The article also discusses the goals of granting grants in wartime, which may include supporting innovation, solving current security problems, developing certain sectors of the economy, and transferring experience and financial resources from more developed countries. In the article, the author analyzes the experience of programs such as "Horizon Europe" and "EU4Business", emphasizing their role in supporting Ukrainian enterprises and the economy. The conclusions of the article indicate that grants are an important source of funding that allows implementing ideas, conducting scientific research, supporting charitable organizations, and improving the quality of life. The article offers an overview of the different types of grants, their advantages and disadvantages, as well as recommendations for finding and receiving grant support, including public and private grant programs.