1.78 BILLION RUBLES ARE ALLOCATED FOR THE CONSTRUCTION AND RENOVATION OF BUSINESS INCUBATORS IN REGIONS OF RF

3rd September 2013

Prime Minister Dmitry Medvedev signed a Decree on August 30, 2013 No. 1546-p "On the distribution of subsidies for co-financing of capital construction projects of state (municipal) property", according the web-site of the Cabinet of Ministers

In compliance with the Federal Law "On the Federal Budget for 2013 and the planning period of 2014 and 2015", Russian Ministry of Economic Development will allocate more than 1.78 billion rubles for co-financing of capital construction projects of state (municipal) property.

At the meeting of the Tender Committee for the selection of subjects of the Russian Federation, the budgets of which in 2013 will get grants to co-finance capital construction projects of state (municipal) property for state support of small and medium-sized enterprises, held in Ministry of Economic Development of Russia, 25 bids from 20 subjects of the RF amounting to more than 1.78 billion rubles were declared winners.

The implementation of the Decree will facilitate the performance of activities for the establishment and development of infrastructure to support small businesses, in particular through the construction, reconstruction, and provision of material and technical equipment of buildings (business incubators) for small businesses

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