The Moscow government will allocate grants to support social entrepreneurship

small and medium business, having the status of “social enterprise” will get support, they will allocate from the city budget subsidies in the amount of up to one million rubles. These funds will be used to purchase equipment, as well as compensation of part of expenses on payment of utilities. The corresponding decree was signed by mayor Sergei Sobyanin.

social entrepreneurship can be attributed to activity of subjects of small and average business if either of the following conditions:

— the employment of workers from socially vulnerable categories (disabled, pensioners, citizens approaching retirement age, and others);

— sales of products and services produced by persons with disabilities and other workers from socially vulnerable categories;

— the production of goods (works or services), designed for citizens from vulnerable categories such as means of rehabilitation of the disabled, social service and other;

— the implementation of community activities (educational, cultural).

In accordance with the decision in the case of recognition of the company social enterprise it will be able to obtain one or more measures of support:

— the payment of up to 70 percent of the cost of utilities — this is the most important anti-crisis measure;

— payment of interest on the loan on the support of (development) activities and the purchase of equipment the maximum amount of compensation will amount to 5.5 percent (the key rate of the Central Bank of the Russian Federation) on loans for the support of (development) activities and the acquisition of foreign equipment, in the case of purchase of domestic equipment, the maximum compensation may be increased to 10.5% (key rate of the Central Bank of the Russian Federation plus five percentage);

— compensation of part of expenses on leasing of equipment — up to 25 percent of the lease payments in the purchase of imported and 35 per cent in the purchase of domestic equipment;

— compensation of part of expenses for acquisition of equipment and utilities at the expense of own funds when purchasing imported equipment, the maximum amount of compensation will make up 25 percent of the costs when you purchase Russian-made equipment, the amount of compensation may be raised to 35 percent.

the Company may use one or more types of support, but the total amount of the grant will not exceed one million rubles a year.