Moscow Fund for Industry and Entrepreneurship Support (IPPF)

The Moscow Fund for Industry and Entrepreneurship Support (MPPPiP) was established in 2017 and is a subordinate organization of the Department of Investment and Industrial Policy of the city of Moscow. IPPFiP provides targeted loans to enterprises for up to 5 years with an interest rate of 2% to 5% per annum.

Under IPPFiP programs, loans are provided for:

• Acquisition of new equipment;
• Development and development works;
• Refinance of investment loans;
• Acquisition of industrial engineering services;
• Replenishment of working capital;
• Expenses related to export activities;
• Improvement and other needs of enterprises.

2023

Provision of a loan of 107 million rubles for GrafitEl

The Moscow Fund for Industry and Entrepreneurship Support (MPPPiP) issued GrafitEl - Moscow Electrode Plant a preferential loan of over 107 million rubles for the development of the production complex. This was announced on June 14, 2023 by the Deputy Mayor of Moscow for Economic Policy and Property and Land Relations Vladimir Efimov. Read more here.

Provision of loans to Moscow enterprises for 1.3 billion rubles for export development over 5 years

For five years, the Moscow Fund for Industry and Entrepreneurship Support (MPPPiP) has provided loans to Moscow enterprises totaling 1.3 billion rubles for export development. In total, eight applications from seven companies were approved, said at the end of March 2023, Deputy Mayor of Moscow for Economic Policy and Property and Land Relations Vladimir Efimov.

According to him, the funds issued by MPPPiP can be used to purchase raw materials, materials and components for the production of products that are fully or partially exported. The tool allows you to receive up to 300 million rubles for a period of up to five years at a rate of three percent, he said.

MPPP for five years provided loans to Moscow enterprises totaling 1.3 billion rubles for export development

As noted in the Moscow mayor's office, since 2018, financial support for the city has helped increase the export of products to the capital's manufacturers of food, cosmetics, medical equipment, robotic systems and refractory materials. In addition, loans for the development of foreign economic activity make it possible to modernize sites and create new jobs. The expansion of sales markets, including access to foreign markets, helps the city's enterprises to increase production volumes and expand the range.

Vladislav Ovchinsky, head of the Moscow Department of Investment and Industrial Policy, says that in the first three months of 2023, the city allocated such support to enterprises in the amount of 0.5 million rubles. In particular, the manufacturer of robotic complexes received a loan of 100 million rubles for export development, manufacturers of cosmetics and medical equipment each received 200 million rubles, Ovchinsky said, without naming the companies.

The Mosprom center is also engaged in individual support of metropolitan exporters. Specialists help exporters for free with finding counterparties, negotiating with potential buyers abroad, as well as ensuring participation in international exhibitions and business missions.^[1]

Provision of assistance to Moscow enterprises in the amount of more than 73 billion rubles on preferential loans

The Moscow Fund for Industry and Entrepreneurship Support provided assistance to Moscow enterprises in the amount of more than 73 billion rubles on preferential loans issued by Sberbank. This was announced on February 20, 2023 by the Moscow Bank of Sberbank.

Among the extensive set of anti-crisis measures developed in March 2022 to support business, preferential loans were especially in demand. As part of this program, the Moscow Fund for Support of Industry and Entrepreneurship cooperates with all major banks. Under contracts concluded at Sberbank, the capital has already assisted 10 enterprises on loans worth more than 73 billion rubles, "said Vladimir Efimov, Deputy Mayor of Moscow for Economic Policy and Property and Land Relations.

The manufacturers of drugs, food, cosmetics, electronics, packaging and other products received support.

Of the 10 enterprises that received support, two applications relate to investment projects for non-residential construction, the rest - to support production activities. For the implementation of the mechanism of concessional lending to industrial enterprises and investors who build non-residential facilities in the capital, 20 billion rubles were allocated from the city budget to the Moscow Fund for Support of Industry and Entrepreneurship in March 2022, "said Vladislav Ovchinsky, head of the Moscow Investment and Industrial Policy Department.

industrial Investment concessional loans provide assistance in the development of business production activities. The rate on them in July 2022 was reduced from nine to three percent, and the maximum size was increased from one to three billion. rubles The period of support for this program reaches three years.

Sberbank actively supports the efforts of the Moscow government aimed at preserving and developing the industrial potential of the capital. And we see a significant demand for loans at a preferential rate from large Moscow enterprises from different industries. The funds received as part of preferential financing can be used to acquire rights to the results of intellectual activity, purchase new equipment and finance the costs of creating or reconstructing industrial infrastructure, - said Vyacheslav Tsybulnikov, vice president of Sberbank - chairman of the Moscow Bank.

To receive funds at a preferential rate, you must first conclude a loan agreement, and then contact the Moscow Fund for Industry and Entrepreneurship Support. After the approval of the application, an agreement is signed on the payment of part of the interest payments. Further, the required amount is transferred monthly three days before the interest is debited to the company's account in the bank where the loan is opened.

2021: Moscow industrial enterprises began to receive state loans for the implementation of IT solutions

Moscow industrial enterprises began to receive state loans for the implementation of IT solutions. This is stated on December 27, 2021 on the official website of the mayor of the capital. It will become easier and more convenient for Moscow industrial enterprises to modernize their production, said Vladimir Efimov, deputy mayor for economic policy and property and land relations.

The funds that will be allocated by the Moscow Fund for Support of Industry and Entrepreneurship, companies, among other things, will be able to spend on the purchase of computer, server and network equipment, software for industrial needs, as well as on the services of system integrators. Loans in the amount of 1 million to 300 million rubles are provided at a rate of 5.5% per annum.

Moscow industrial enterprises began to receive state loans for the introduction of IT solutions

To take advantage of borrowed funds, the company will need to provide a specialized independent conclusion on the project to the Moscow Fund for Support of Industry and Entrepreneurship. It includes the validity of a technological solution, a competitive cost analysis and an analysis of the timing of integration of a similar solution. In addition, you need to agree with the fund the terms of reference for the conclusion and the choice of the company.

If the IT solution or equipment is included in the register of the Bank of Technologies, it will be possible to take out a loan for the entire amount - up to 100% of the transaction value.

The Bank of Technologies is a register of technological solutions used in industry, which, according to Alexander Prokhorov, head of the Moscow Investment and Industrial Policy Department, contribute to increasing production efficiency through the introduction of digitalization and automation processes. By the end of 2021, the bank has 60 developers, and the total number of solutions presented by them is 117, of which 22 are hardware, 80 are technologies in software, 15 are auxiliary equipment, Prokhorov said.[2]

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