Moscow to Support 25 Industrial and Technology Parks in Russia with Federal Financial Aid

Strategic Insights -

The Ministry of Economic Development of the Russian Federation has announced plans to provide federal financial support to 25 projects for construction, reconstruction, and equipment of industrial, technology, and business parks. The move is part of the federal project for the development of small and medium-sized enterprises (SMEs) and aims to create conditions for the growth of entrepreneurship in the regions. The selected projects will receive subsidies based on the results of a competitive selection, with the Ministry aiming to support the development of modern economic trends based on innovative and creative solutions.

Key Takeaways:

  • The Ministry of Economic Development will provide subsidies to 25 projects for the construction and equipment of industrial, technology, and business parks.
  • The subsidies are based on the results of a competitive selection, with the aim of supporting the development of SMEs in the regions.
  • The selected projects will also support the development of modern economic trends based on innovative and creative solutions.
  • The regions of the Volga Federal District have traditionally demonstrated the greatest activity, with 20 initiatives submitted for the creation or development of industrial parks.
  • The predominant specialization is mechanical engineering, metalworking, and the production of innovative and technological equipment.
  • The Ministry of Economic Development has financed 90 industrial parks and technology parks, where more than 2,000 companies with more than 30,000 jobs are located.
  • The development of modern production infrastructure creates conditions for growth for small and medium-sized companies, reducing costs and facilitating access to utility networks, equipment, and services.
  • The Ministry aims to achieve the national goal of increasing labor productivity in the SME sector by supporting the development of modern economic trends.

Statistics:

  • 25 projects will receive federal financial support for construction, reconstruction, and equipment of industrial, technology, and business parks.
  • The subsidies will be provided to regions on differentiated terms, with the smallest regions able to attract up to 500 million rubles, while highly developed regions can attract up to 50 million rubles.
  • 6 projects from regions with high levels of security will be financed to purchase production and engineering equipment.
  • The regions of the Volga Federal District submitted 20 initiatives for the creation or development of industrial parks.
  • 87 applications from 39 regions were submitted for the Ministry of Economic Development's new mechanism for preliminary assessment of projects.

Sources:

  • Ministry for Economic Development of the Russian Federation
  • Deputy Prime Minister of the Russian Federation Alexander Novak
  • Minister of Economic Development of Russia Maxim Reshetnikov
  • Deputy Minister of Economic Development of Russia Tatyana Ilyushnikova
  • Eastern Economic Forum EEF-2025