Financial support of entrepreneurship development in Ukraine: institutional component

. Entrepreneurship development is particularly important in the context of the crisis of the domestic economy, the uncertainty of the state economic policy, and the increased impact of external challenges and threats. In view of the current state of the market and the risks involved in providing financial support to the development of entrepreneurship in Ukraine, the importance of research into the institutional component of its functioning is increasing. Under these conditions, the issues of implementation of a systematic approach to the development and implementation of the state policy of financial support of business structures, as well as determining the place and role of commercial institutions, in particular banks, in the process of optimizing the financial security of business entities become highly relevant. Purpose. Research of the institutional component of financial support for the development of entrepreneurship in Ukraine, determining the place and role of state and commercial institutions in its implementation, outlining the directions of intensifying their influence on the financial aspects of entrepreneurship in modern conditions. Results. The composition and structure of the institutional environment of financial support for the development of entrepreneurship are determined. The activity of individual market institutions in the context of the implementation of projects and programs of financial support to entrepreneurship in Ukraine have been analyzed. Emphasis is placed on the need to ensure a systematic approach to the implementation of state programs of financial support for entrepreneurship. Positive aspects of the activity of financial-credit institutions and banks, in particular, in the context of financial support of business structures were identified as well as the risks and limitations inherent in them. Such restrictions are due to the current state of the domestic economy and monetary sector, lack of clear business policy, high level of credit risks, low ratings of borrowers, problems of the banking sector itself, etc. In view of this, at this stage of development of the domestic financial market financial and credit institutions have limited influence on the formation of external sources of financial resources of business entities. Directions of optimization of information and consulting activity of market institutions have been offered, aimed at increasing the efficiency of implementation of projects and programs of financial support of business structures in order to strengthen their influence on regional, sectoral and macroeconomic parameters of economic growth.