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All support measures of the region Nizhni Novgorod Region

The support for priority investment projects of the Nizhny Novgorod Region

Main measure of support

Regional government subsidies to reimburse the cost of building the utility infrastructure including fees for connection of agricultural organizations to electric and utility networks upon condition that investment in the priority investment project exceed 2.5 billion rubles and that funds for reimbursement are provided by the regional government in the regional budget for the next financial year and planning period.

Terms of support

The investment project shall meet one of the following conditions: - the project is implemented in a municipal district (urban district) of the Nizhny Novgorod Region subsidized in excess of 5%; - over 100 million rubles is invested in the project.

The investment project shall meet the following criteria: - comply with the main directions of the Strategy for Socio-Economic Development of the Nizhny Novgorod Region until 2035; - comply with budget, economic and social efficiency criteria; - the additional criteria are: absolute amount of the investments provided or attracted, short payback period of the project (projects with a payback period of 5 years or less are preferred), support of the investment project by the local administration of the district where the investment project is planned to be implemented.

Support restrictions

None.

Type of instrument
Reimbursement of costs for technological connection
Duration of support
One-time
Region
Nizhni Novgorod Region
Body providing support
Authority Ministry of Economic Development and Investments of the Nizhny Novgorod Region
Recipients of support
  • Micro enterprise (business)
  • Small enterprise (business)
  • Medium enterprise (business)
  • Large enterprise (business)
  • Individual entrepreneur
  • Exporter
  • Innovator (start-up)
  • Investor
  • Farm (peasant) economy

List of documents required to receive support

Application
- Power of attorney in case the application is submitted by a representative of the applicant; - Certified copies of the constituent documents; - Certified copies of documents confirming the authority of the applicant’s management bodies; - Extract from the Unified State Register of Legal Entities; - Certificate proving that the taxpayer has paid all taxes, fees, insurance contributions, penalties, fines, interest; - Certified balance sheet, profit and loss statement and annexes thereto for the reporting year preceding the year in which the application is submitted, stamped by the tax authority to confirm the acceptance of the documents; - Report by an independent auditor on submitted annual financial statements; - Business plan; - Calculation of budget efficiency of the project; - Documentary proof of the right to use the land plot according to its permitted use relevant to the project, on which this investment project will be implemented; - Calculation of the costs of creating the infrastructure to be reimbursed; - Documents (if available) confirming the possibility to finance the investment project and raise borrowed funds; - Certificate of no arrears in salary/wage payment to employees.

Regulatory document

Law of the Nizhny Novgorod Region No.180-Z dated December 31, 2004 «On State Support of Investment Activities in the Nizhny Novgorod Region»
Decree of the Government of the Nizhny Novgorod Region No.566 dated August 24, 2016 «On Approval of the Procedure for Providing Subsidies from the Regional Budget to Reimburse the Costs of Creating the Utility Infrastructure (Including Payments for Connection to Electric and Utility Networks), Capital Facilities of Agricultural Organizations in the Framework of Priority Investment Projects of the Nizhny Novgorod Region»