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the development of S&M companies in 2008-2011 with total volume of budget financing in amount of 2,7 mlrd rub. The plan consists of 3 interlinked blocks. The first block decides a key problem of effective S&M business development in the city: the increase of its competitiveness and strengthening in different spheres of business. The total number of projects is 50. The Plan reflects priority directions of business support: industrial production, innovations and high technologies housing sphere and and services. To support small-sized business it is planed to develop subcontract systems, to uphold export – oriented production companies, creation of technological-production centers for S&M enterprises. Special attention will be centered on staff preparation. Strategic investments from abroad will have a positive influence on local S&M enterprises. Main part of investors belong to motor-car construction industry and household appliances sphere. Goverments’ orders number is forecasted to increase following the changes of subcontracting system. This changes will be supported by business associations and unions. In terms of General Plan the government plans to create a University of Small Business, that will prepare staff for S&G enterprises, taking into account its specificity. The University will provide special and high education. Also a special program “business basic course for schools” and “Business practical course for students” will be implemented. As in previous years the government companies participation in exhibitions will be supported. Also the government plans to realize a program “Access to regions” that will promote local production on regional markets. The next priority is development of S&G firms operating in scientific and technological sphere. To realize this program significant financial resources were planed and invested into development of business-incubators system that will increase up to 11 in Y 2011. At the moment the first incubator that was organized in Y 2006 effects its activity in SPb. It was created commonly with the Ministry of economic development and trade. About 40 companies of housing sector and in the sphere of innovations are situated in the buildings provided to firms on favorable rent conditions. On the 30-th of November Regional Venture Fund for S&M enterprises operating in the scientific sphere was finally formed and began its activity. At the moment the capitalization of the Fund amounts Mio 400 Rub. On the 10-th of December 2007 on the 1-st meeting of Fund Invest Committee the first project in the field of optical-electronic systems was approved for financing. Beginning from Y 2005 Saint-Petersburg realize a commercial bank credit financing program. From year to year this program becomes more and more claimed among S&M companies. In frames of this program in Y 2007 177 credits were extended. Moreover, compensation of part of credit interest was extended in Y 2007 in frames of credit agreement concluded beginning from the 1-st September 2006. The whole amount of credit extends overalls RUB 16,3 Mio. Total credit portfolio consists of 177 new credit agreements, concluded by S&M companies in frames of the Program reached in Y 2007 about 1 mlrd rub, that exceeds Y 2006 for 3 times. Fond of credit assistance in accordance with decision of state government was created. Beginning from 15.12.2007 the Fund provides the guarantees for small business firms in case of absence of pledge in full volume. For S&M companies, operating in the sphere of production, innovation and high technologies the Fund will provide about 70% of pledges. This will allow them to attract credit facilities for business financing. About 200 mln. rub were taken from the budget of Saint-Petersburg to finance the Fund. To increase the number of banks-participants of the program there was taken a decision to increase maximal interst rate for 2 % (reference rate +5%) 51

Business.support.structure.in.St.Petersburg  

1. STATE AND MUNICIPAL AUTHORITIES IN ST. PETERSBURG In St. Petersburg the system of state authorities was formed which has statutory object...