The Government of the Russian Federation launches an industrial mortgage to support enterprises

The Government of the Russian Federation launches an industrial mortgage to support enterprises

On behalf of the President, the Government is launching a new tool to support industrial enterprises – an industrial mortgage. A corresponding resolution has been prepared.

Russian organizations will be able to obtain long-term preferential loans for the purchase of industrial real estate.

 

"We expect that such a tool will allow industrial enterprises to optimize the costs of purchasing new premises – and this is usually a very expensive part of the budget – to support interest in expanding production, launching promising projects, and creating new jobs," said Prime Minister Mikhail Mishustin.

-Loans will be issued for up to 7 years at a rate of 5%;
-For innovative technology companies, the rate will be 3%;
-The maximum loan amount is 500 million rubles;
- The necessary amount of funds is provided for the implementation of the program;
-The selection of participants will take place in the IV quarter of this year.

The program will accelerate the launch of production of about 2 thousand types of raw materials, materials and components. The products will enter the market ahead of schedule.

/Government of Russia/