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The Government of the Russian Federation has launched a mechanism for state support of projects for the creation of private industrial parks and industrial technoparks

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Image source: industry-hunter.com

Moscow, August 16-Private investors will be able to compensate up to 50 percent of the costs of creating an industrial park or an industrial technopark. The corresponding resolution was signed by the Chairman of the Government of the Russian Federation Mikhail Mishustin.

"The creation of new modern production facilities is impossible without the presence of sites in the regions with prepared municipal, transport and technological infrastructure. The creation of industrial parks and industrial technoparks, the number of which currently exceeds 300 objects, contributes to the solution of this problem. At the same time, various financial opportunities of the regions for investing in long-term infrastructure projects have led to imbalances in the availability of such prepared sites. Only 2% of the total number of industrial parks in the country has been created in regions with a low level of socio-economic development. About 10% of parks are located in 321 single – industry towns. 17% of the total number of parks have been created in geostrategic territories - in the Far East, the Arctic zone, the North Caucasus and the Crimea. The mechanism being launched will help support private projects in these territories and help reduce the disparity. It is planned to select the first projects and provide state support funds in the federal budget in 2022, " said Denis Manturov, Minister of Industry and Trade of the Russian Federation.

According to the resolution, the maximum amount of compensation will be up to 60 thousand rubles per 1 sq. m of the total area of the technopark buildings or up to 15 million rubles per 1 hectare of the industrial park territory. Compensation is carried out for 15 consecutive years by returning to the investor part of federal taxes (100% VAT, 100% federal income tax, 100% excise taxes on the production of passenger cars and motorcycles) and 50% of import customs duties from the activities of resident enterprises of the park to the federal budget.

The resolution provides for a two-stage selection system. At the first stage, the project is selected by the region according to the specified parameters (the amount of extra-budgetary funds for the development of the site, the availability of design and estimate documentation, compliance of the support object with federal requirements for parks) and federal selection (a positive conclusion about the industry risks of the park based on the payback and market stability of the projects of its residents).

"This mechanism is directly linked to the taxes and customs duties received by the federal budget from the activities of enterprises - residents of the parks. In other words, the possibility for an investor to receive subsidy funds directly depends on the efficiency of the park's management company. If residents came to the constructed site, started industrial production and, accordingly, pay tax and customs payments to the federal budget, then the investor receives a refund of these payments from residents in the form of compensation," Denis Manturov added.
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