The results of the work of the Industrial Development Fund for 2023 were summed up in Sevastopol

CrimeaPRESS reports:

The Industrial Development Fund was created by order of the Governor of Sevastopol in August 2020 to provide support measures to enterprises operating in the industrial sector. The city’s State Industrial Development Fund accepts applications for financing projects for the acquisition of industrial equipment and modernization of production.

Using available tools, namely compensation of costs for participation in exhibitions and provision of soft loans with a very low rate — from 1% to 5%, the Industrial Development Fund fulfills its main task — promotes the consistent development of Sevastopol enterprises, which in turn help develop our city— the press service of the Government of Sevastopol quotes Deputy Governor of Sevastopol Maria Litovko.

Results of the work of the Sevastopol Industrial Development Fund for 2023:

• three new programs have been developed aimed at preferential financing of projects and the provision of grants;
• industrial enterprises of Sevastopol took advantage of seven preferential loans worth more than 80 million rubles, the total investment in these projects will be 170 million rubles;
• within the framework of three regional programs, eight grants were provided to industrial enterprises;
• The free service “Industry of Sevastopol” based on the foundation’s website has collected more than 250 offers of goods and services from manufacturing enterprises in the city.

Let us remind you that the fund supports industrial enterprises using various government support instruments, including project financing (preferential loans), promotion of products of Sevastopol manufacturers (grants for exhibition activities, online platform for manufacturers).

More information can be found at link. The foundation’s website contains current support measures, a selection of industrial exhibitions and forums, information about implemented projects and current news. For more information, please call +7 (978) 978-57-77.

source: press service of the Government of Sevastopol

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