Unlocking New Opportunities: Regional Grants Empower Sports Infrastructure Development
Discover how regional governments are accessing federal grants to boost sports infrastructure, creating accessible and high-quality environments for physical activity across the nation.
The federal initiative "Business Sprint: I Choose Sports" has officially opened applications from regional authorities seeking subsidies to co-finance the construction of sports facilities through private investment partnerships.
Over $40 million from the federal budget is earmarked to support this endeavor, as announced by Deputy Prime Minister Dmitry Chernyshenko. This project originates from a strategic government initiative aimed at enhancing sports accessibility for all citizens.
Dmitry Chernyshenko
Deputy Prime Minister of Russia
"The Business Sprint project encourages entrepreneurs to actively contribute to creating inclusive and accessible spaces for sports participation among adults and children. The government is committed to providing subsidies to regions to co-finance these developments. Starting this year, more than $40 million will be allocated to support the construction of sports complexes, stadiums, and playgrounds, as well as the procurement of sports equipment. Investors also have access to low-interest loans, fostering a dynamic collaboration between public authorities and private businesses. Our shared goal is to ensure that by 2030, at least 70% of citizens regularly engage in physical activities."
Oleg Matsytsin
Minister of Sports of Russia
"Legal entities and individual entrepreneurs can benefit from preferential loans at a 4% interest rate, providing essential support for projects in physical culture and sports. The state-private partnership model not only attracts investment but also drives innovation and teamwork between government and business sectors to advance sports development and entrepreneurial initiatives."
Applications for these subsidies are being accepted on the Ministry of Sports website until September 2, 2022. To qualify, regions must submit comprehensive market research demonstrating the demand for physical fitness services and a solid financial plan supporting the investment project.
Content provided by the press service of the National Demography Project. ZAMONA holds no responsibility for the publication.
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