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Liuzhou: Encouraging Enterprises to Develop Science and Technology
 
Date:2015-05-27 By:Yizhao Shèn Source:Guangxi Daily

In this year, Liuzhou City has launched a special project of providing policy support to small and medium-sized S&T enterprises. The first is to increase financial support. In 2015, the City’s financial budget funds are 600 million yuan, with an increase of 18.8%. Of this sum, 231 million yuan will be used for enterprise technological transformation projects on technological transformation, energy conservation and emission reduction, development of small and medium-sized enterprises and integration of informatization and industrialization. 110 million yuan will be used to build infrastructure and subsidize standard workshop for S&T park development. 30 million yuan will be spent for strategic emerging industry development. 20 million yuan will be used as compensatory financing or loans and awards for small and medium-sized enterprises.

The second is to implement incentive policies on enterprises. After evaluation and examination, the preliminary list included 628 qualified industrial enterprises. Moreover, with the assistance and cooperation between guarantee companies for small and medium-sized enterprises and commercial banks or China Development Bank, the guarantee companies could get loans of 8 to 10 times as much as their capital fund deposited in banks, so that small and medium-sized enterprises could get guaranteed loan. By the end of March, the amount of guarantee has accumulated to 5.55 billion yuan, with an increase of 5.82%.

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