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Rostec's support bank talks about how to fine-tune the system of government support measures
Alexey Kuznetsov, Deputy Chairman of the Board of Directors of NOVIKOM Bank, spoke at the business breakfast "Investments in Industry: Tools, Programs, Projects", held as part of the National Industry Conference. The event was also attended by representatives of the Ministry of Industry and Trade of Russia, the Bank of Russia, VEB.RF and other organizations. The main topic of discussion was the mechanisms provided by the state to support and stimulate industrial development.
At the current level of interest rates, the possibility of financing investment projects using classical methods is practically excluded. This means that government support measures today play a key role in industrial development. Subsidiary banks of the Rostec State Corporation are certified for almost all instruments and have accumulated significant experience in their use. However, the system of government support measures requires further adjustments. This was stated in his speech at a business breakfast by Alexey Kuznetsov, Deputy Chairman of NOVIKOM.
He named the acceleration of the process of attracting subsidies as a priority. Today, the use of state support measures often slows down the implementation of projects due to the complexity of requirements, material and time costs. "The creation of competence centers in banks that will help clients overcome bureaucratic obstacles faster and more effectively is an important area that is already actively developing. Our bank has already created such a competence center," emphasized the vice president of NOVIKOM.
Alexey Kuznetsov also noted that current support measures are mainly aimed at large or small enterprises with revenues of up to 100 million rubles. Small and medium businesses, especially in the high-tech sector, are often left without the necessary tools. NOVIKOM representatives emphasized the need to fill this gap.
And the third important point in improving the system of state support measures is that it is necessary to supplement the program for replenishing working capital and the mechanism for financing scientific research and development. This is the most complex and risky project for the bank, but it is very important for achieving the goals set by the president and the government for Russian industry.
"Therefore, I call on banks, development institutions and authorities to get to know their clients better and to study more deeply the opportunities offered by banks, development institutions and authorities. This is the only way to quickly achieve the goals of technological sovereignty facing our industry and our country as a whole," concluded Alexey Kuznetsov, Deputy Chairman of the Board of Directors of NOVIKOM.