The governments of the Russian Federation and the Nizhny Novgorod region have entered into an agreement on the protection of capital investments with LLC "First Meat Processing Plant"

SZPK can be concluded both at the federal and regional levels. In the Nizhny Novgorod Region, the Ministry of Economic Development and Investments has been appointed as the authorized body for regional agreements.

“In total, with the help of the SZPK, several dozen investment projects are being implemented in 28 regions of the country. The mechanism is available to a fairly wide range of investors. The minimum investment threshold for concluding an SZPK does not exceed 200 million rubles. Such a volume of investments will make it possible to conclude an agreement at the level of a constituent entity of the Russian Federation and stabilize regional legislation. With 750 million rubles, federal regulations are fixed: taxes, land use conditions, urban planning, and others,” said Murat Kerefov, Deputy Minister of Economic Development.

He stressed that not only investors, but also regions are interested in concluding such agreements, since projects are implemented exclusively for private funds.

The agreement was concluded in relation to the investment project "Construction of a MEAT processing complex" in the Avtozavodsky district of Nizhny Novgorod, which is supervised by the Nizhny Novgorod Region Development Corporation. The volume of investments in the project is about 4 billion rubles. Commissioning is scheduled for 2026.

“The project is large-scale – it involves the creation of up to 1,500 new jobs. The concluded SZPK is one of the first in the Volga Federal District and the Nizhny Novgorod region on new conditions after the restart of the mechanism. The SZPK mechanism will allow the investor to partially reimburse the costs incurred for the creation of infrastructure facilities, as well as receive stabilization guarantees. This means that for a period of 10 years from the date of conclusion of the agreement, the current level of taxes, legislative norms and administrative regulations are fixed for the investor, ”said Gleb Nikitin, Governor of the Nizhny Novgorod Region.

The SZPK mechanism is a new instrument of state support for investment activities. For some time it was improved at the federal level and now it works throughout RUSSIA in full. The mechanism also allows reimbursement of interest costs on loans and borrowings. Work on improving the SZPK mechanism is being carried out under the leadership of Andrey Belousov, First Deputy Prime Minister of the Russian Federation.

“It is very important that the state is currently supporting private investment and business development, including with the use of SZPK. This suggests that the law on the SZPK is working and adopted to support business, and not just formally exists. As a result of the implementation of the investment project of the First Meat Processing Plant, a modern meat processing complex will be built on the territory of Nizhny Novgorod,” said Maxim Plekhanov, HEAD of the First Meat Processing Plant LLC.

The SZPK mechanism can also be used by other companies of the Nizhny Novgorod region that meet the criteria of the Federal Law of April 1, 2020 No. 69-FZ “On the Protection and Promotion of Investments in the Russian Federation”. New applications are accepted electronically through the state information system "Capital Investments".