Development of small and medium businesses’ project management through the attraction of grant resources

Sorokivska, Olena
Мashliy, Halyna
Stefaniv, Ruslan

Ternopil Ivan Puluj National Technical University Ruska St., 56, Ternopil, 46001 Ukraine

Sorokivska, O., Мashliy, H. & Stefaniv, R. (2025) Development of small and medium businesses’ project management through the attraction of grant resources. Socio-Economic Problems and the State (electronic journal), Vol. 32, no. 1, pp. 30-45. URL: http://sepd.tntu.edu.ua/images/stories/pdf/2025/25soaogr.pdf

Scientific Journal "Socio-Economic Problems and the State"

1(32)

Jun-2025

Feb-2025

29-Jun-2025

Ternopil Ivan Puluj National Technical University

UA

Ternopil

https://orcid.org/0000-0001-8549-2910
https://orcid.org/0000-0002-5989-5270
https://orcid.org/0009-0002-2129-3454

https://doi.org/10.33108/sepd2025.01.030

338.2:331.1

M11
M31

grant funding
project management
small and medium-sized businesses
partnership
international funds

16

30-45

30

45

The article comprehensively analyzes the main challenges faced by small and medium-sized enterprises (SMEs) during the war in Ukraine. It identifies the key threats affecting business operations, including physical asset losses, infrastructure destruction, reduced domestic demand, disruptions in supply chains, and issues with energy supply and labor resources. It is emphasized that financial support plays a critical role in stabilizing and restoring businesses, as it enables enterprises to offset losses, adapt to new conditions, and ensure long-term sustainability. A particular focus is placed on grant funding as one of the most effective tools for supporting SMEs. The benefits of grant assistance are analyzed, allowing businesses to cover costs related to relocation, equipment purchase, modernization of production processes, development of innovative products, and expansion into international markets. The main barriers to obtaining grants are identified, including a lack of awareness among entrepreneurs about available programs, the complexity of the application process, strict donor requirements, high competition, and limited skills in grant management. The article reviews state and international support programs for SMEs, which provide financial assistance, subsidized loans, grants, and consulting services. A set of measures is proposed to improve businesses' access to grant resources, including raising awareness of grant opportunities, conducting training programs on the basics of grant management, optimizing bureaucratic procedures, and developing partnerships between businesses, non-governmental organizations, and international foundations. Thus, the article argues that grant funding is not only a short-term support tool but also a strategic instrument for the long-term development of SMEs. It contributes to the financial stability of enterprises, stimulates innovation, expands opportunities for integration into the global economy, and enhances the overall resilience of the business environment in times of crisis challenges.

The authors received no direct funding for this research.

http://elartu.tntu.edu.ua/handle/lib/49113

2223-3822

Scientific Journal "Socio-Economic Problems and the State"

http://sepd.tntu.edu.ua/images/stories/pdf/2025/25soaogr.pdf
https://www.undp.org/uk/ukraine/publications/upravlinnya-proektamy-v-biznes-obyednannyakh-malykh-i-serednikh-pidpryyemstv
https://www.researchgate.net/publication/374153704_Project_Management_in_

Armed_Conflict_Zones_and_Impacts_Submitted_by
https://www.researchgate.net/publication/248345440_Project_

Management_in_Small_to_Medium-Sized_Enterprises_Matching_

Processes_to_the_Nature_of_the_Firm
https://doi.org/10.1016/j.ijproman.2010.06.005
https://surl.li/sasgjy
https://business.diia.gov.ua/finance/handbook/oglyad_grantovih_

program_finansuvannya_dlya_msp
https://eu4business.org.ua/projects/
https://erobota.diia.gov.ua/
https://diia.gov.ua/services/grant-dlya-veteraniv-ta-chleniv-yihnih-simej
https://doi.org/10.1007/s10689-025-00474-8
https://surl.li/styexe
https://surl.li/itfmgo

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Article

Scientific Journal "Socio-Economic Problems and the State", Vol.32, No.1