On 25 and 26 June, the Foreign Secretary attended the Ukraine Recovery Conference 2026 (URC26) in Gdańsk, Poland, where she was joined by the Deputy Prime Minister and the Chancellor of the Exchequer. The annual conference is the major international recovery and reconstruction event for Ukraine, and the most important non-military focused conference in the Ukraine calendar. It brings together governments, international financial institutions, civil society and the private sector to mobilise support for Ukraine’s long-term recovery.
URC26 has come at a critical moment as Russia continues its illegal war with sustained attacks on Ukraine’s civilian and critical national infrastructure.
On Thursday, the Foreign Secretary set out a total package of half a billion pounds of support for Ukraine, made up of almost £290 million of bilateral assistance to bolster Ukraine’s recovery and energy security, and the signing of a £210 million UK Export Finance guarantee, previously announced by the Prime Minister at the G7, to help secure Ukraine’s nuclear energy supply.
The bilateral assistance of £290 million for this financial year will help meet Ukraine’s urgent energy and humanitarian needs as well as support longer-term economic and social recovery. This package was referenced in the Foreign Secretary’s Written Ministerial Statement and Oral Statement on ODA programme allocations back in March.
Three projects were highlighted which form part of this package:
Up to £13 million to support British International Investment’s intention to commit to the EU Flagship Fund. The Fund will provide long-term equity investments into key sectors including energy, infrastructure, and SMEs—all critical to rebuilding Ukraine’s economic foundations. The Fund—backed by the European Union, and the governments of France, Germany, Italy, and Poland, alongside their development finance institutions - represents a flagship platform for collective UK-European action.Up to £12 million for a new governance programme. This will include up to £2.4 million for the EU Anti-Corruption Initiative to help Ukraine’s anti-corruption agencies and key civil society actors prevent, spot, investigate and prosecute corruption. It will also include up to £1 million to deliver core judicial reforms so Ukraine’s justice system operates with integrity, meets EU accession requirements, and underpins wider objectives on anti‑corruption, democratic governance, and post‑war recovery.Up to £763k to continue to support reforms to modernise Ukraine’s energy and climate sectors and to develop and promote decarbonisation policy, through support for the Green Transition Office and for the implementation of the recently adopted National Energy and Climate Plan of Ukraine, key for the green transition, and unlocking EU markets.The £210 million UK Export Finance guarantee will enable UK-based Urenco to supply nuclear fuel to Ukraine’s national power company Energoatom to enable nuclear power plants to continue supplying over 50% of the country’s electricity for the next two years. This deal is critical to Ukraine’s energy security, strengthening Ukraine’s resilience and ability to withstand Russia’s attacks on its energy infrastructure. The deal will also boost the British economy, as Urenco employs more than 650 people in the UK and its Chester site supports more than 4.500 jobs around the UK in the wider supply chain.
The UK also announced a series of additional measures for Ukraine, including:
the UK’s latest $1 billion tranche of fiscal support for Ukraine, approved by the World Bank, which, pooled with partners’ support, will provide more than $4 billion in additional funding for Ukraine. This support will keep hospitals, schools and essential public services operating across Ukraine and help unlock private sector investment, support economic growth and create skilled jobs.new British International Investment investments of up to £65 million, utilising existing UK ODA funding, to co-finance projects that will expand lending to small and medium-sized enterprises through the Bank of Lviv and support construction of two new wind farms;up to £200,000 to scale up support to Ukraine’s critical minerals sector through deploying British Geological Survey expertise to strengthen geological data, improve standards and unlock investment;up to £1 million for the second year of the DBT’s Project Development Programme to support British business participation in the early-stage planning of reconstruction projects across Ukraine following the successful delivery of projects in phase one, including feasibility and scoping studies of Lviv Airport future expansion by British companies and modernisation of schools in Vinnytsia;UK Export Finance and Ukraine’s export credit agency also signed a Memorandum of Understanding which will strengthen expertise sharing and support Ukraine’s export credit agency to help drive Ukraine’s private sector and exports.
These announcements bring total UK non-military support since the start of the invasion to £5.6 billion which includes:
up to £4.1 billion in fiscal support through World Bank loan guarantees to bolster Ukraine’s economic stability and support vital public services.up to £1.5bn in committed bilateral assistance to fund humanitarian, energy, stabilisation, reform, recovery and reconstruction programmes.The UK remains a leading partner for Ukraine’s resilience, recovery and long-term prosperity. Our support fosters long-term political, security, economic and reform collaboration, anchored in the 100-Year Partnership, to help Ukraine endure now, recover at scale, and build the foundations for a secure Euro-Atlantic future.
https://www.theyworkforyou.com/wms/?id=2026-07-01.hcws173.0
seen at 10:13, 2 July in Written Ministerial Statements.