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MIL OSI Translation. Region: Russian Federation –

Photo by V. Novikov. Press Service of the Mayor and the Moscow Government

The total amount of support for approved applications will be almost nine million rubles.

Moscow has approved the first applications this year from industrial enterprises for subsidies. The city will provide subsidies for lease payments under finance lease agreements to two Moscow companies. The total amount of support will be almost nine million rubles, said the Deputy Mayor of Moscow for Economic Policy and Property and Land Relations Vladimir Efimov.

Applications were approved by the sectoral commission of the capital Department of Investment and Industrial Policyfor financial support of organizations operating in the investment and industrial fields.

“The first subsidies this year will go to a developer of fuel systems for aircraft engines, as well as a manufacturer of medical, laboratory and cabinet furniture. Enterprises will direct funds to pay lease payments under financial lease agreements. The city systematically provides industrial enterprises with financial support: since 2012, more than 100 companies have received subsidies totaling over 3.3 billion rubles, ”the deputy mayor added.

Industrial enterprises can receive several types of assistance, including reimbursement of part of the leasing costs (up to 100 million rubles per year), payment of interest on loans for the purchase of equipment (up to 200 million rubles per year). It is also possible to receive a subsidy for technical connection to engineering networks (up to 100 million rubles per year), and the amount can cover up to half of the costs. Last year, the city expanded the list of possible recipients of this support measure – now it can be received by any industrial enterprise in the capital, as well as management companies of technoparks.

Acceptance of applications for subsidies for industrial enterprises begins Enterprise support: how the city helps Moscow industry

“In 2020, the city issued subsidies to 36 enterprises for a total amount of almost 770 million rubles, which is almost a quarter more than in the previous year. This year, the application campaign for subsidies for industrial enterprises began in March and will last until September 30 inclusive, “said the head of the Moscow City Investment and Industrial Policy Department. Alexander Prokhorov

Grant applications are reviewed as they are received. The application is registered, then sent to an expert organization for verification. After that, the issue of granting a subsidy should be considered by the sectoral commission, which meets at least twice a quarter.

Businesses can apply for a subsidy to reimburse leasing costs and to pay interest on loans through their personal account at investment portal of the city of Moscowin the Support Measures section. Applications for a subsidy to reimburse the costs of technological connection to utility networks must be submitted directly to the Department of Investment and Industrial Policy in paper form.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

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