The document outlines a three-step strategy to promote small and medium enterprises (SMEs) in Ukraine. The first step is to improve the regulatory framework through establishing an SME initiative agency and reforming regulations for low-risk SME facilities. The second step is to strengthen institutions by building capacity for SME support providers and coordinating with other reform programs. The third step is an SME support program that includes startup promotion, improving competitiveness and market access, access to financing, and green SME development. The strategy aims to create better conditions for SMEs through simplified regulation and improved waste management.