The United Kingdom will give Ukraine a further £10bn of economic and military support. It is the largest British financial package for Kyiv in history. The government announced it on 28 October, together with the Budget.
Prime Minister Andy Burnham and Chancellor John Healey informed President Volodymyr Zelenskyy of the decision on Wednesday morning.
The package includes £7bn of economic support spread over three years. This includes up to £5.5bn of World Bank guarantees and a £500m grant to the World Bank’s crisis facility. On top of that, there is £500m of additional military support for air defence this winter. The government agency UK Export Finance will raise its support limit for Ukraine by £3bn, to £6.5bn, mainly for military needs and reconstruction.
The package is in addition to the £3bn a year the UK already spends on Ukraine. In total, London has committed £35bn of support, including £16bn of military support.
A few days ago we reported that Ukraine is short of around €70bn for 2027 and that the European Union hopes the UK will cover part of the gap. The British package is a partial response to these needs.
What it means for you
A higher UK Export Finance limit means more contracts for reconstruction and supplies for Ukraine involving UK businesses. Polish businesses registered in the UK, e.g. in construction, logistics or energy, can bid to take part in such projects. For families, it is a signal that support for Ukraine, which also matters for Poland’s security, is not weakening.
Our assessment
Most of the package consists of guarantees and export credit, not cash. This is a smaller cost to the British budget, but the real help depends on how quickly the guarantees turn into projects. The air defence aid for the winter is the most urgent part.
What to do
- If your business wants to work on the reconstruction of Ukraine, check the offer of UK Export Finance.
- Follow announcements from HM Treasury on details of the scheme.
Source: GOV.UK – UK boosts support to Ukraine with £10 billion package (28 October 2026).
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