Over the past year and amid the challenges of war, the number of women starting their own businesses increased in Ukraine. A new survey produced this statistic, as well as findings on the specific needs of Ukrainian female entrepreneurs, especially those belonging to vulnerable groups.

In January 2024 the Good Governance Fund presented results from the survey “The needs and problems of Ukrainian entrepreneurs in the context of full-scale war.” Nearly 500 female entrepreneurs participated in this study, conducted by Abt Britain and the Kyiv School of Economics in collaboration with Ukraine’s Ministry of Digital Transformation, Ministry of Economy, and Entrepreneurship and Export Promotion Office.

Andrii Remizov, Director of the Entrepreneurship and Export Promotion Office, with participants of the event

“[The findings] will help the Government of Ukraine and international partners to understand the needs and serve as a basis for the creation and implementation of educational, consulting and grant support programs for Ukrainian women,” said Andrii Remizov, Director of the Entrepreneurship and Export Promotion Office.

 

According to the survey results, key problems facing Ukrainian female entrepreneurs include:

• Consequences of the economic crisis -reported by 45 percent of respondents
• Frequent legislative and tax system changes – reported by 33 percent of respondents
• High competition – reported by 32 percent of respondents,
• Potential interruptions in communication and energy supply – reported by 23 percent of respondents
• Regulatory inspections – reported by 23 percent of respondents

Gender biases are particularly visible in the initial stages of business development, but stable partnerships and gaining experience in business activities help reduce this pressure.

Another issue identified by the survey results is women often relying on their own financial capabilities despite the availability of grants or programmes through the Government of Ukraine or international donors.

Tetyana Berezhna, Deputy Minister of Economy of Ukraine

“Involvement of women in the labour market and entrepreneurship is a key priority of the state.That is why the Ministry of Economy implements several initiatives to achieve this goal,” said Tetyana Berezhna, Ukraine’s Deputy Minister of Economy. She specified the “Own Business” grant program, where 55 percent of grant recipients are women.

 

Women’s entrepreneurship development programmes must also consider labour market changes resulting from the full-scale war.

“The British government is supporting women entrepreneurs in Ukraine through the implementation of targeted initiatives and collaboration, such as the Women’s Business Empowerment Programme, ‘Grow’, which has so far supported 15 women entrepreneurs residing in war-affected communities,” said Wendy De Luca, Head of Good Governance Fund Ukraine, British Embassy Kyiv. “They learned how to improve business efficiency through effective management, as well as how to attract grant funds for micro, small, and medium-sized businesses. Our goal is to help these women increase their already significant contribution to the Ukrainian economy and contribute to the creation of a more equal society.”

Digital tools and services are pivotal to the development of women’s entrepreneurship in Ukraine. During the last year, the Government of Ukraine launched several specialised programmes that promote the expansion and growth of women-led enterprises.

Valeriya Ionan, Deputy Minister of Digital Transformation of Ukraine

“The development of women’s entrepreneurship is a priority of our work within the national project Diia.Business,” said Valeriya Ionan, Ukraine’s Deputy Minister of Digital Transformation.

 

She went on to identify multiple programs under development. According to Deputy Minister Ionan, more than 72,000 Ukrainians used Diia.Business services over the past year.

Attendees at the event also heard from founders of Ukrainian women-led businesses, including “Organic Milk,” “Vmway,””MFT,” (My Favourite Toothpaste), and “Jul’s Coffee & Peace.” They shared stories about applying for support programmes and successfully building their businesses..

Funded by UK International Development from the UK government and implemented by Alinea, the Good Governance Fund Programme Management Unit designs, procures, and supervises rapid, responsive technical assistance to mobilise reforms in Ukraine.

Read more about the conducted survey in Diia.Business portal.