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Jinan Policy Encourages Industrial Alliances: Annual Subsidy Reaching up to 0.3 Million yuan

Source：The seanews 05-18-2023 00:00:00

Jinan has recently issued Several Measures on Carrying out the Climbing Action to Support the Leapfrog Development of Backbone Private Enterprises (Several Measures).

Focusing on solving the problems of difficult and expensive financing, the Several Measures proposes to give 1% annual interest rate and 1% annual guarantee rate subsidies every year to newly added bank loans for productive project investment or working capital of key incubator enterprises; it plans to implement the linkage of investment, loan, and guarantee, and provide flexible equity funds, emergency on-lending, financing guarantee support, etc.

At the same time, it highlights group development and strengthens support measures. The Several Measures proposes to encourage leading enterprises to take the lead in setting up industrial alliances, carry out activities such as industrial collaboration, technology R&D, learning and training, and forum exchanges around the upstream and downstream of the industrial chain, with a maximum subsidy of 300,000 yuan per year; it proposes to launch a campaign for matching SOEs with private enterprises, establish a contracting mechanism, carry out in-depth cooperation and exchanges, etc.