The AIC Development Fund will be founded in the Ulyanovsk region

The AIC Development Fund of the Ulyanovsk region is created as an AIC and processing project funding tool, as reported by Media73.

Fund capitalisation will total 100m RUB this year and 200m RUB next year. It is also informed that only successful and sustainable enterprises will be supported. This will expand the production, enable building up the produce amount and increasing the number of job opportunities.

The money will be allocated on vegetable storage, poultry processing, greenhouse sector, and modernisation of livestock breeding complexes. By sample calculations, Fund target financing will attract 300m RUB of private investment. Besides, it will boost the yield by 1bn RUB, and raise the insurance and tax payments by 150m RUB.

Source: Agrobook