A non-profit organization of the Republic of Komi «Regional Fund for Industrial Development of the Republic of Komi»

ABOUT THE FUND

A non-profit organization of the Republic of Komi, the «Regional Fund for Industrial Development of the Republic of Komi», was established in accordance with the Resolution of the Government of the Republic of Komi No. 80 on February 9, 2018. 

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The Fund provides soft loans to industrial enterprises of the Komi Republic for the implementation of projects, aimed at the development and implementation of advanced technologies, production of new competitive and high-tech civil products with import substitution or export potential.  

 
The types of activities for which loans are available are clearly defined.

These are wood processing and production of wooden products, paper and paper products, furniture production, production of textile products, leather goods, food products relating to industrial biotechnology, pharmaceuticals and accessories, production of finished metal products, repair and installation of machinery and equipment. 

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DIRECTOR'S WORD: 

«Traditionally, Komi is interested in such areas as wood processing at the expense of rich forest resources. The direction connected with deep non-waste processing of wood is promising, in particular, development of bioenergy (production of wood pellets and briquettes), which is actively supported from federal and regional budgets. Textile industry development and sewing factories are also promising in Syktyvkar, Vorkuta, Sosnogorsk and Syktyvdinsky Region - there would be applications and willingness of enterprises and investors to invest in processing.»

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1. REGIONAL LOANS / DEVELOPMENT PROJECTS PROGRAM

Under this program, federal and regional industrial development funds jointly provide preferential loan co-financing for projects, aimed at import substitution and production of competitive civil products, federal and regional industrial development funds, jointly.  

 

The Regional Fund provides preferential (soft) loans at 5%, 3% and 1% per annum for projects under the Development Projects program. (Komi Republic) on terms of co-financing of expenses for implementation of investment projects in the sphere of manufacturing industries. 

    

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«COUNTERACTION OF EPIDEMIC INFECTIONS» PROGRAM

Provision of loans from 5 to 50 million rubles for 2 years at 1%. 
 
The program is aimed at financing companies, producing equipment and products for the detection, prevention and treatment of epidemic diseases, as well as personal protective equipment, medicines and medical products. 

The projects are reviewed in an accelerated mode. No co-founding from the applicant is required to obtain a loan under this program. Enterprises will be able to use a «soft» loan to purchase the necessary equipment, raw materials and components, as well as essential imported products. 

 The purpose of the loan: - purchase of equipment:

-     replenishment of working capital for the purchase of raw materials, materials and components;

-     -purchase of critical, operational products from abroad. 

Particularities: 

-     no co-financing is required;

-     exemption from paying the principal debt up to 1 year. 

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2. JOINT LOANS 

Loans of 20 to 100 million rubles.

The Regional Fund for Industrial Development of the Komi Republic provides preferential loan co-financing for projects, aimed at import substitution and production of competitive civil products, which involve a joint federal and regional industrial development funds.

 
JOINT LOANS PROGRAM 

Projects are financed through loans jointly with the Russian Federation Industry Development Fund under the Development Projects and Components programs at a ratio of 30% (regional funds) to 70% (federal funds). Loans are disbursed after a thorough examination of the project's compliance with the established criteria. 

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There are sectoral restrictions for projects, funded by the Fund. Loans are provided on a returnable basis and on co-financing terms.  The applicant must provide security for a loan amount and interest for the entire term (guarantee, surety, pledge).

 

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3. FEDERAL LOANS

The Fund for Industrial Development offers preferential conditions for co-financing of projects, aimed at developing new high-tech products, import substitution, export, leasing of production equipment, implementation of machine-tool projects, digitalization of existing production facilities, production of high-tech civil and/or dual-use products by UIC enterprises, production of components, labelling of drugs and increasing labor productivity. 

 

To implement new industrial projects, the Fund provides targeted loans at the rate of 1%, 3% and 5% per annum for up to 7 years in the amounts from5 to 750 million rubles, stimulating the inflow of direct investments into the real economy. 

 
The Fund for Industrial Development does not cooperate with consulting companies, and has no accredited consultants to prepare documents for obtaining a loan.
 

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If you are offered a «100% guarantee of obtaining an FID loan», you are dealing with a fraudulent practice.  

The Fund has an official consulting center, which can be contacted free of charge. Each application is assigned to a client manager, who informs about the progress of project consideration and provides detailed feedback regarding all stages of the application.

 

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Address: 108 Internazionalnaya St., Syktyvkar, office 203

Phone: 8 912 862 61 97 - Valery Syrovatko (Director)

E-mail: fondpromkomi@gmail.com