Джерела державної фінансової підтримки малого підприємництва в Україні
Sources of state financial support of small business

Summary/Abstract: Theoretical and practical aspects of the small business financing by the state are the subject of the research.The aim of the article is to investigate the financing of small business through centralized funds in Ukraine.Methods of research: analysis and synthesis, induction and deduction - for the characterization of dynamics and structure for thesmall business financing provided by the state; abstraction and generalization – for defining the directions of the development of thestate financial support for small business.Results of the work. The small businesses’ ability for adaptation to changes in consumer demand conditions and prospects ofself-employment permit to influence positively on the development of the national economy. The presence of diversified sources offinancing, including financing by the centralized funds, allows businesses to provide and develop their activities in conjunction withmarket changes, keep it at the proper level in times of crisis. Ukrainian fund for entrepreneurship support is the main fund concerningthe realization of government assistance programs to small businesses. Ukrainian state fund for farms support is another fund, whichprovides support to small business. The selection of subjects, that receive state financial support, is based on the significance of theiractivities to the state. Activation of financial and credit, investment support to small businesses is one of the main directions ofNational program to promote small business in Ukraine, which should be directed, in particular, on the development of effective creditand guarantee mechanisms, including micro-credits for small businesses.Field of results application. The obtained results provide a theoretical basis for activation the functioning of centralized funds thatprovide state financial support in Ukraine.Conclusions. The state budget is the main source of the state financial support. Small business receives financial resources of thestate support through such state target funds as the Ukrainian fund for entrepreneurship support and Ukrainian state fund for farmssupport. The existent declared mechanism of microcredits and farmers’ loans issue actually cannot be made in full and cannot bedelivered to final recipients through constant lack of financing. In a situation of state funds insufficiency for financial support weshould reorient to the possibility of state guarantees to commercial banks for small business crediting. The raise of external financialresources using an example of cooperation with Reconstruction Credit Institute and German-Ukrainian fund, which, in turn, financessmall business through Ukrainian partner banks, is an effective way of financial support for small business.

• Details
• Contents