Norwegian Ukraine Investment Fund Announces First Investment Initiative Focused on M10 Lviv Industrial Park
In its press release, Norfund stated its intention to allocate approximately NOK 100 million (around €8.5 million) toward the expansion of M10. Dragon Capital views this as an important signal of international confidence in Ukraine and in private-sector projects that contribute to strengthening the country’s economic resilience.
“An important part of Ukraine’s resistance is keeping the economic wheels turning. The Ukraine Investment Fund’s first investment is a good example of how the fund will contribute to this by investing in sustainable businesses and infrastructure projects,” said Minister of International Development Åsmund Aukrust.
The industrial park is already operational and continues to attract interest from companies seeking modern, high-quality industrial infrastructure in western part of Ukraine. The project’s further development will enhance the region’s capacity to accommodate businesses expanding or relocating their operations within Ukraine.
“By investing in the M10 Industrial Park, we help create several thousand jobs, in line with our mandate to promote sustainable business and job creation in Ukraine,” said Norfund CEO Tellef Thorleifsson.
Official Norfund announcement: https://www.norfund.no/norwegian-ukraine-investment-fund-makes-first-investment/
About Ukraine Investment Fund
Established in December 2024 and managed by Norfund, the Ukraine Investment Fund aims to support sustainable business and job creation in Ukraine. It invests in high-risk projects that might not otherwise proceed and mobilizes private capital by encouraging co-investment.
About M10 Lviv Industrial Park
M10 is a large-scale project by Dragon Capital in partnership with the EBRD, located in Lviv’s Riasne-2 industrial area, 60 km from the Polish border. The 23.5-hectare site allows construction of six phases of manufacturing, warehouse, and office buildings that meet international sustainability standards. In 2023, the World Bank’s MIGA granted 10-year war risk insurance for the project.
About Dragon Capital
Dragon Capital is one of Ukraine's largest groups of companies, providing a full range of investment banking, brokerage, private equity, and asset management services to institutional, corporate, and private clients. The company has over 20 years of successful direct investment experience in leading manufacturers of goods and service providers in Ukraine, as well as in landmark residential and commercial real estate projects.