FINANCIAL MECHANISM OF STATE SUPPORT FOR ENTREPRENEURSHIP IN UKRAINE
Authors:   Khmelnytskyi National University, Forkun Iryna 
Published: June 2024

Financial support for the development of entrepreneurship is an economic prerequisite for its activity and, as a result, we get market saturation with goods, works and services. Support and development of entrepreneurship acquire special importance in the conditions of crisis phenomena of the national economy, uncertainty of state economic policy, and increasing influence of external challenges and threats, in particular, such as the war with Russia. Given the current state of market development and the existing risks of financial support for the development of entrepreneurship in Ukraine, the importance of researching the outlined problematic issues is increasing. Under these conditions, the issue of implementing a systemic approach to the development and implementation of the policy of state financial support of business structures, which should be a prerequisite for economic and political stabilization in the country, contributes to the growth of the material potential of society, create new jobs and contribute to the growth of GDP, is becoming an actual issue. The purpose of the study is to substantiate the theoretical and methodological provisions for the implementation of the financial mechanism of state support for entrepreneurship in Ukraine, as well as the development of practical recommendations for its improvement in modern economic conditions. The subject of the study is the theoretical-methodical and applied aspects of the financial mechanism of state support for entrepreneurship in Ukraine. The research methodology is based on the use of general scientific and special research methods, in particular: dialectical – to identify regularities, principles and factors promoting the development and state support of entrepreneurship; system analysis – to reveal the essence of the components of the financial mechanism of state support for entrepreneurship; comprehensive analysis – to assess the state of development of entrepreneurship and its state support in Ukraine; graphic analysis – for a schematic display of generalized theoretical and practical provisions of the work; logical generalization of the results – for the development of recommendations for increasing the efficiency of the use of the financial mechanism of state support for entrepreneurship in Ukraine. According to the results of the conducted research: the category-conceptual apparatus of the theory of entrepreneurial activity gained further development in terms of clarifying the concept of «financial mechanism of state support for entrepreneurship»; systematized and generalized regulatory, legal and institutional support for the financial mechanism of state support for entrepreneurship, which made it possible to comprehensively assess internal (strengths and weaknesses) and external (favorable opportunities and threats) factors restraining the development of entrepreneurial activity; the theoretical and methodological provisions regarding the definition of the components and justification of the main areas of increasing the efficiency of the financial mechanism of state support for entrepreneurship have been improved; a practical evaluation of the implementation of state support for entrepreneurship at the regional level (on the example of the Khmelnytskyi region) made it possible to determine the socio-economic effect of providing financial and credit support for entrepreneurship. The value of this research lies in the fact that the formulated theoretical propositions, conclusions, and recommendations can serve as a basis for improving strategies and technologies for stimulating financial support of entrepreneurship at the state and regional levels, and their implementation will allow obtaining a socio-economic effect from the implementation of financial and credit support for entrepreneurship.