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The authorities of Chukotka in 2017 have increased the amount of financial support for business by 23% - EastRussia | Far East

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The authorities of Chukotka in 2017 increased the amount of financial support for the business by 23%

The volume of direct financial support for small and medium-sized businesses under the program "Stimulating economic activity of the population of the Chukotka Autonomous Region for 2014-2019 years" in 2017 will be 69 million rubles, the press service of the autonomy government reported on Friday with reference to the regional department of finance and economics and property relations. A year earlier, 56 million rubles was allocated to support SMEs, thus the amount of financial support was increased by 23%.

This year, there is still support for all the activities started in previous years: grants to start-up SMEs to start their own business, reimbursement of part of expenses for the purchase of equipment for the production of goods or services, reimbursement of part of expenses associated with the acquisition of equipment under leasing agreements, compensation for part interest costs on loans raised for the purposes of the “northern delivery”, compensation for public services (for farmers). Also, a new business investment support measure is introduced - interest compensation on loans attracted, based on the key rate of the Central Bank of the Russian Federation 3 / 4, which was valid on the date of the loan agreement, on interest costs, but not more than 70% of the expenses actually incurred by the entrepreneur payment of interest on loans.

In 2016, the work of the non-profit organization “Fund for the Development of Economics and Direct Investments of the Chukotka Autonomous Region” was launched in Chukotka. The Foundation serves as a “single window” for businesses and potential investors within the autonomy.