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The emergence of the Ukrainian Cultural Foundation in 2017 ( first on paper, at the level of the law , and then in reality) changed the system of state funding of cultural projects and became an important step in reforming the state management of culture. This is part of the strategy, according to which the relevant institutions are now engaged in grants and projects, and the Ministry of Culture is left to develop cultural policies.
The government will soon propose new approaches to supporting culture and creative industries, Culture and Information Policy Minister Oleksandr Tkachenko has said.
The Ministry of Culture and Information Policy of Ukraine will propose to create a council for the creative economy development at the Cabinet of Ministers.
Creative industries are the locomotive of Ukraine's economy with untapped potential.
President of Ukraine Volodymyr Zelensky signed the law on amendments to the Tax Code of Ukraine regarding government support for culture, tourism, and creative industries.
On December 15, the Verkhovna Rada of Ukraine approved the State Budget for 2021. The Ukrainian Cultural Foundation will be provided with funding in the amount of UAH 695 million.