Creative economy centers will appear in Ukraine: what will happen there

The Cabinet of Ministers approved a draft resolution of the Ministry of Regional Development on the Procedure for using the funds provided in the state budget for creating creative economy centers.

The Government portal reports.

The State Strategy for Regional Development for 2021-2027 implements the goal of "Increasing the level of competitiveness of regions," which provides for spreading the practice of establishing centers of creative economy development in cities of different scales and with different socio-economic conditions. Creating creative economy centers will increase the investment attractiveness of the region and promote business development in the creative sector of the economy," Minister of Community and Territorial Development Oleksii Chernyshov said.

The centers will stimulate increased economic activity in the regions, cultivate smart entrepreneurship and help reduce unemployment and youth emigration.

It's planned that they will include the creation of laboratories, IT schools, micro-manufacturing, creative spaces for learning and coworking.

The state budget for 2021 provides for more than 110 million hryvnias for creating the Centers.

The funds will be used, in particular, for the construction (a new one, reconstruction, or overhaul) of buildings where they'll create the creative economy centers, and for preparing project documentation.

Proposals for lists of projects will be formed by local state administrations, executive bodies of local councils, and will be submitted for approval to the Ministry of Regional Development.

Among the primary conditions for providing funding, there are:

• compliance of the project on creation of creative economy centers with the priorities defined in the program and strategic documents of development of territories;
• financial and economic justification of the long-term functioning of the creative economy center;
• projects must comply with the principles of accessibility;
• the term of their realization should not exceed 2 years.