Small Business Rostov receive 260 million from the federal budget

Russia's federal budget will allocate Rostov small business around 260 million rubles. This decision was made on a competitive basis. Of these, 150 million will be used to created a guarantee fund of the Rostov region, 30 million for grants souped subjects MB, another 30 million on leasing and interest rate subsidies on loans, and the last 50 million Inter-budgetary funding. During the first six months, the amount can be increased by another 140 million, it will depend on the results of spending the money already allocated. In addition to the federal budget to support small and medium-sized businesses of the Rostov Region and the money will be allocated from local budget. This was stated by Deputy Minister of Economy, Trade, International and External Economic Relations Valery Vacula. The amount of funding the regional target program of development of small and medium-sized businesses at the expense of the regional budget in the current year has increased compared to last year twice and is equal to 227 million rubles. Speaking on the general level of funding for targeted program of Rostov (2009-2011) to support small business, we can safely say that the amount increased by 2,4 times and amounts to more than 740 million rubles.