Sber started lending to enterprises under the Cluster Investment Platform

Sber became the first one which would provide loan for 17 billion rubles under the new measure of state support Cluster Investment Platform, implemented by the Russian Ministry of Industry and Trade. The funds will be used to build a section-rolling complex in the Sverdlovsk Region.

According to Vasily Osmakov, First Deputy Minister of Industry and Trade of the Russian Federation, the mechanism of the Cluster Investment Platform covers about 300 positions of priority products including raw materials, materials, components and end-products.

“The provided soft loan will allow us to expand and replace the nomenclature, which is extremely important for the production process, which was previously imported from abroad,” said Mr. Osmakov.

The transaction was approved in accordance with Decree of the Government of the Russian Federation of February 22, 2023 No. 295 “On State Support for Organizations Implementing Investment Projects Aimed at the Production of Priority Products”. Thanks to state support, enterprises can get a loan at a preferential rate (30% of the key rate of the Central Bank plus 3 percentage points).

Loans on better terms are provided for the creation, development or modernization of production facilities, as well as for the industrial infrastructure construction and technology adoption to create priority domestic products. Under the investment project, the company can get a loan of billion rubles.