Industry Development Fund of Kaliningrad Region

History

2019

Since November 21, 2019 the founder Fonda of development of the industry of the Kaliningrad region which became the Ministry of Economic Development, the industry and trade of the Kaliningrad region in connection with reorganization of the Ministry of industrial policy, development of business and torgovlikaliningradsky area changed.

2017: Foundation Formation

The Industry Development Fund of the Kaliningrad Region was created in 2017. His activities are aimed at modernizing Russian industry and organizing new industries. The founder of the fund was the Ministry of Industrial Policy, Enterprise Development and Trade of the Kaliningrad Region. The capitalization of the fund at the moment (June 2017) is 150 million rubles. At the same time, the opportunities for providing loans for 2017 together with the Russian Fund for Technological Development amount to 20.7 billion rubles.

The advisory council of Fund of development of promyshlennostikaliningradsky area is urged to carry out complex examination of the projects applying for receiving borrowed funds and also to prepare the conclusions about volumes of financial support of the projects participating in selection, volumes and types of financial security of performance of obligations on return of the provided means, about an order and financing terms. Specialists in the council make a final verdict on which projects will go further and what will be the amount of their funding. The Board also determines the possibility of special investment contracts.

Andrei Bezrukov, Director of Strategic Marketing of GS ServiceHolding, joined the Expert Council of the Industry Development Fund of the Kaliningrad Region. The composition was approved on June 19, 2017 at a meeting of the Supervisory Board. In the next three years, ten elected members of the council, including heads of banks, audit and expert companies, specialists from the scientific and industrial circles of the region, will have to ensure the effective use of the funds of the regional fund intended for the financial support of projects.