Attracted investments from Federal Industrial Development Fund increased 5 times in Bashkiria

The volume of attracted investments from the Federal Industrial Development Fund (FRP) for the development of projects in Bashkortostan increased from 536 million rubles (2018) to 2.46 billion rubles (2019). In total, in 2020, the republican FRP approved and funded 11 republican projects, through which 629 new jobs will be created.

Anver Karimov, director of the Industrial Development Fund non-profit, said that loans to industrial enterprises in the region are provided on favorable terms. There are ten programs financed by the federal Industrial Development Fund.

At a video conference held in the Development Corporation RB, it was also noted that new programs “Combating Epidemic Diseases” and “Anti-Crisis Measures” appeared in the regional Fund for Industrial Development in the line of financial instruments for supporting projects.

Entrepreneurs can purchase equipment as part of a preferential leasing program. This program can be used by self-employed and small enterprises planning to organize, expand or modernize production through the purchase of new equipment of Russian and/or foreign production.

The priority activities for the provision of preferential financing are high-tech manufacturing industries (including processing and storage of agricultural products) with export potential.