The Industrial Development Fund will be replenished by 300 billion rubles – Kommersant

The Industrial Development Fund (IDF) will be replenished by 300 billion rubles. It will be aimed at supporting high-tech projects. The President noted that by 2030 it is necessary to create at least 100 additional technology parks in the Russian Federation. The President also stated that by 2030, the volume of investment in key industries should increase by 70%.

“For 300 billion rubles. We will replenish the Industrial Development Fund. We will almost double its capital and aim it at supporting high-tech projects,” the president said in his address to the Federal Assembly. The head of state proposed to allocate at least 200 billion rubles. additionally within the framework of the cluster investment platform. It is proposed to use the funds to subsidize interest rates for projects for the production of priority industrial products.

For the manufacturing industry, Vladimir Putin proposed increasing the base for calculating depreciation. It will amount to 200% of the cost of Russian equipment. “If a company purchases domestic machines for 10 million rubles, then it can reduce the tax base by 20 million rubles. This is serious support,” the president said.

Vladimir Putin called for the continued development of industrial technology parks in Russia, with an emphasis on locating small and medium-sized businesses. According to him, companies should grow together, and cooperation will have a mutually beneficial effect. “I would like to draw the government’s attention to the fact that by 2030 it is necessary to create at least 100 more such sites. They should form growth points throughout the country and stimulate investment. We set a goal: by 2030, the volume of investments in key areas should increase by 70%,” the president said.

According to the president, the dynamics of investment volumes is good. In 2021, the investment growth rate was 8.6% against the plan of 4.5%. In 2022 – 15.9% against the planned 9.5%. Over the nine months of 2023, investment growth amounted to 26.6%, with an annual plan of 15.1%. “We must continue to move at an accelerated pace,” the head of state concluded.

The Federal Investment Fund was created in 2014 on the basis of the Russian Technological Development Fund to finance projects aimed at the production of high-tech products, import substitution, equipment leasing, digitalization of production and other projects. The fund provides targeted loans at 3% and 5% per annum for a period of up to seven years and in amounts from 5 million to 5 billion rubles. At the end of 2023, First Deputy Head of the Russian Ministry of Industry and Trade Vasily Osmakov announced plans for additional capitalization of the fund. According to him, in 2023 the total volume of additional capitalization amounted to 75 billion rubles.

Read more about the current challenges of Russian industry in the material “Non-standard standards”.

Alexandra Goroshilova