Tatarstan small businesses in polymer processing will help private equity fund

To in 2011 in the republic of Tatarstan has increased processing of polymers, the authorities intend to establish a private equity fund for small and medium-sized businesses. Account of the Fund shall nurtured a number of small businesses operating in the field of processing petrochemicals. About it in early 2011, said Timur Shagivaleev - Chairman of the Committee for Development of Small and Medium Enterprises in Tatarstan. For example, if the project is successfully implemented, the production of petrochemical products in the country will more than double. Remember that on 01/01/2011 at RT processed about 13% of the total polymers. Accordingly, if a private equity fund will give a positive result, then in December 2011 the volume of processing of petrochemical products will reach 26-30%. It's almost 1500 000 tons annually. Timur Shagivaleev: "This year we plan to actively finance small businesses, the business plan is based on the processing of polymers. It is therefore important to establish a fund to support small business projects in the petrochemical industry. About for a project of the Republic will take about 12 billion rubles. This amount would be enough to grow production capacity of petrochemical products in Tatarstan to a government report said 30% of the finished polymers. A total of 120 billion rubles in 1940 to be spent on an advance lease payment. The remaining 80 billion going to own lease for business. " Such a plan message Timur Shagivaleev made at a press conference that the President held following the meeting of the Republican government. Regarding the establishment of a private equity fund, the bulk of the funds will be allocated from local budget. Other means intends to allocate the treasury of the Russian Federation. Naturally, the money from the federal budget in the PET will be sent out the item "Support for small and medium businesses (Russian Bank for Development)." Many officials of Tatarstan are confident that the Fund's assets in advance leasing for small and medium-sized businesses is the most transparent form of support for entrepreneurship. "This form of support to small and medium-sized businesses will help ensure maximum realization of the target and minimally corrupt possible funding", - said Shagivaleev. All of the profitability of the project is planned that the entrepreneurs will receive no money for developing their own business, and part of the share capital. For example, the first payment is for the purchase of goods / services for the leasing program. Full recovery of investment in the Equity Fund experts are already planning for 2015. The funds will be returned in the form of taxes that will pay the company to profits. About 300 million a year the Republican treasury will have to taxes for small and medium-sized enterprises operating in the field of petrochemical processing.