Hunan Announces ⁢Implementation Measures for Financing Subsidies for Equipment​ Renewal and Technological Transformation Projects

Hunan‍ has announced the implementation measures⁢ for financing subsidies ​for equipment renewal and​ technological ‌transformation projects of industrial enterprises, and allocates 500 million yuan annually to implement ​project financing subsidies.

An enterprise can receive⁤ up to 10 million yuan in support each year.

Background

Industrial enterprises implementing equipment updating and⁤ technological transformation⁤ projects in Hunan have ‌received another piece​ of good news: During the implementation period of relevant policies, provincial funds will ⁢allocate 500 million yuan every ⁤year. “Real ⁤money” implements project financing subsidies, and an enterprise can receive up to 10 million yuan in support each year.

Policy Details

The Provincial Department⁢ of Finance, the Provincial Department of‍ Industry and Information Technology, the Provincial​ Bureau of Local Financial⁣ Administration, and the Hunan ⁣Provincial Branch of the People’s ⁤Bank ​of China jointly issued the “Action Measures for Funding ‍Subsidies for Equipment Renewal and Transformation Technical⁢ Projects of Industrial Enterprises in Hunan Province” (hereinafter referred to as the “Measures”).

The “Measures” state that‍ projects applying⁣ for support should meet the following basic conditions: the project implementation enterprise ⁣is⁤ an industrial enterprise with the status of an‌ independent legal person,⁤ a sound financial management system, honest operation, ⁣tax‌ payment in ‍accordance with the law, and​ no bad⁢ credit record; the project implementation location ⁢is in‌ Hunan Province Within the⁢ scope, it is in line with the direction of‌ national and provincial industrial policies and is expected to have ⁤good economic⁣ and social benefits; equipment​ renewal and technological transformation such⁤ as advanced equipment renewal, digital intelligent transformation, energy saving and ‍carbon reduction‌ transformation, and inherent security transformation, in ​principle, the construction project⁣ within the construction‌ project is included in the Strong State Project‍ Database System ⁢Self Manufacturing.

Support Categories

The “Measures” explain that classified support will be provided based on the construction situation of the project: projects that meet the People’s ⁣Bank of China’s policy support conditions for scientific and technological innovation and technological transformation, such as⁤ re -loans ⁢and‌ interest reductions, is recommended to the Ministry‍ of Industry and Information Technology‌ on merit. For projects with a total investment of 5 million yuan or more, an interest​ discount of 1% of the principal loan is provided⁢ for‍ project loans ⁢with a term of⁤ one‍ year or more, and the interest discount⁣ period⁣ is 1 year. For projects whose equipment investment and⁣ single⁣ equipment financing⁢ lease contract amount is not less than 1 million yuan, a subsidy of 1% of the contract amount is provided. For projects with fund funding needs, the ⁤Provincial Department of Industry and Information Technology and the Provincial Department of Finance recommend the​ best to national and provincial industrial funds.

Key Points

According to Ouyang Xiaofeng, a member of the Party Leadership ​Group and Deputy Director of the ⁣Provincial Department of Industry and Information Technology, the “Measures”⁢ not only ⁣have the characteristics of “clear standards ⁤and immediate access to compliance”, but also have the‍ characteristics of “highlighting key points and strengthening integration.”

The ⁣”Measures” propose that ‌for digital⁢ and intelligent transformation projects, the subsidy amount will increase by 20% above the basic standard For projects that comply with the key instructions “Guidelines for Updating Equipment and Technical‌ of the Ministry of Industry ‌and Information Technology Transformation in Key Industrial Industries”,‌ the subsidy amount ​will be increased by 10% above the basic standard. %, the‍ two items can be superimposed, but it will not exceed ⁢the upper limit of the subsidy ⁢amount for a⁤ single project ‌or enterprise.

Implementation Period

The implementation period of this round of subsidy policy is between‌ 2024 and 2027. If it needs to be extended in the future, the relevant documents will prevail.