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FUND FOR SUPPORT OF ENTREPRENEURSHIP AND INDUSTRY
OF LENINGRAD REGION

Fund for Support of Entrepreneurship and Industry of Leningrad Region, Microloan Company was established
in 2018 with the aim to create favourable conditions for the development of small and medium-sized business and provide
government support to new and current entrepreneurs, as well as to self-employed people and individuals who plan
to set up a business.The Fund is a single management body for all organizations of support infrastructure in Leningrad
region at the regional and municipal levels.
Fund’s services:
• microloans at promotional rates and guarantees (surety bonds) on loans
• consultations regarding setting up, running a business, and receiving government support
• training programmes for entrepreneurs, self-employed people and those who plan to set up a business
• assistance in the promotion of goods and services of small and medium-sized businesses
• organization and holding of communication events
• consultations of Regional Engineering Centre

Our goal is to ensure that as many representatives of small and medium-sized business
in our region benefit from the government support – services of the Fund and My Business
Centre of Leningrad region.

For each target audience, the Fund can offer a “set” of support measures and provide
services as a single set. We note that more and more business representatives who
have applied for one service come to us again. An example is an individual entrepreneur
who received consulting assistance from the Fund during the pandemic, then received
microloans, and managed to develop new business directions.

The Fund is permanently striving to expand support measures and simplify the process of
their obtaining.

Valery Beresnev, Director of Fund for Support of Entrepreneurship and Industry of
Leningrad Region, Microloan Company

Successful cases:

Mufty NSK Akvatok
Specializes in production of NSK couplings. In 2020 Produces energy-efficient high-tech products for the
the company addressed the Fund concerning the hydropower industries. Designs, manufactures and
possibility of equipment leasing on preferential terms. implements industrial pumps in the chemical and oil refining
The Fund helped the enterprise to acquire a program industries, as well as pumps for thermal power stations. The
controlled screw-cutting lathe. Leasing interest rate company received guarantee support from the Fund –
amounted to 6% per annum, because the equipment a surety bond to replenish working capital in the amount of
was made in Russia. 24 mln rubles.

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