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

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.