Competition of investment projects of small business entities of the Vitebsk region for the provision of state support
The Economy Committee of the Vitebsk Regional Executive Committee announces the holding of a competition for investment projects, business projects of small and medium-sized enterprises in the Vitebsk region for the provision of state financial support in the form of:
subsidies for reimbursement of part of the interest on bank loans;
subsidies for reimbursement of part of the expenses for the payment of leasing payments under financial lease agreements (leasing) in terms of payment of the amount of remuneration (income) of the lessor.
Reference:
K entities of entrepreneurship in the Vitebsk region, applying for state financial support, include small and medium-sized enterprises in the Vitebsk region.
Organization and conduct of the competition
The organization and conduct of the competition is carried out by the Committee of Economy of the Vitebsk Regional Executive Committee
Legal grounds for conducting the competition
The competition is held in the manner and under the conditions specified:
By the Resolution of the Council of Ministers of the Republic of Belarus dated June 28, 2024, No. 459 "On Measures of State Support for Small and Medium-Sized Entrepreneurship" (hereinafter referred to as Resolution 459);
decision of the Vitebsk Regional Executive Committee
from November 21, 2024 No. 761 "On State Financial Support for Small and Medium-Sized Enterprises in the Vitebsk Region";
By the decree of the President of the Republic of Belarus dated December 31, 2018, No. 506 "On the Development of the Orsha District of the Vitebsk Region."
Duration of the competition
The competition is heldfrom September 23, 2025 to October 17, 2025.inclusive.
Competition applications submitted after the established deadline
will not be accepted for consideration and will be returned to the applicants.
Document submission
The acceptance of documents for participation in the competition is carried out by the Committee of Economics of the Vitebsk Regional Executive Committee (Vitebsk, Gogol Street, 6, office 314) on working days from 8:00 AM to 5:00 PM, with a break from 1:00 PM to 2:00 PM.
Contact persons
Trofimov Alexander Ivanovich, tel. 8(0212) 22 63 12
Ershova Lilia Valentinovna, tel. 8(0212) 22 63 16
Subject of the competitive selection
provision of subsidies to reimburse part of the interest on bank loans;
provision of subsidies to reimburse expenses for leasing payments under financial lease agreements (leasing) in terms of payment of the amount of remuneration (income) of the lessor.
Source of funding
Funds from the regional budget allocated for 2025 in the State Program "Small and Medium Entrepreneurship in the Republic of Belarus" for 2021 – 2025 years
Directions for Providing State Financial Support
State financial support is provided to small and medium-sized enterprises in the Vitebsk region on a competitive basis when implementing investment projects and business projects.
on the following priority areas:
creation, development, and expansion of production of goods (products, performance of works, provision of services);
organization, development of production, implementation of export-oriented, import-substituting products;
production of products aimed at energy and resource conservation;
implementation of new technologies;
Goals to which state financial support funds may be directed
State financial support is provided to small and medium-sized enterprises located in the Vitebsk region that are implementing investment projects and business projects for the purpose of:
construction, reconstruction, modernization, technical modernization, repair of capital structures (buildings, structures), isolated premises, carrying out repair and restoration work and installation of all types of equipment;
acquisition of capital structures (buildings, constructions), isolated premises;
acquisition of vehicles and equipment, means of transport, special devices and tools, instruments;
acquisition of components, raw materials, materials, software (its updates), goods (works, services) for the own production of products (goods, performance of works, provision of services). construction, acquisition of capital buildings (structures, facilities), isolated premises and/or their repair and reconstruction, acquisition of equipment, vehicles, special devices and tools, procurement of components, raw materials, and materials for own production and provision of services.
Criteria for selecting investment projects during the competition
The main criteria for selecting investment projects during the competition are:
compliance of the investment project with the priority areas for providing state financial support;
relevance and prospects of the investment project, business project, its final result;
planned attraction of funds for the implementation of the investment project, business project from other sources;
the estimated number of new jobs and the justification for their creation.
Requirements for competition participants
Candidates are not allowed to participate in the competition:
the average number of employees whose number exceeds 250 people as of the date of application for state financial support during the calendar year;
Reference: Average number of employees of small entities
and small entrepreneurship - legal entities for the calendar year is determined in the established manner as: the list number of employees on average for the year (excluding employees on maternity leave, in connection with the adoption (fostering) of a child under three months of age, on childcare until the child reaches the age of three); the average number of employees working part-time with their main employer at other employers; the average number of persons performing work under civil law contracts (including those concluded with legal entities, if the subject of the contract is the provision of services for the provision, hiring of employees).
This number of employees is determined as a whole for the legal entity, including branches, representative offices, and other separate subdivisions.
the volume of gross revenue from the sale of products (goods, performance of works, provision of services) excluding value-added tax for the calendar year exceeds the value established by Resolution 459;
Reference:threshold values of revenue from the sale of products (goods, performance of works, provision of services) excluding value added tax for the calendar year:
small organizations – 500,000 basic units;
medium organizations – 2,000,000 basic units.
in the authorized capital of which the share of the Republic of Belarus, its administrative-territorial units, foreign legal entities, foreign citizens and stateless persons, public associations (except for public associations of persons with disabilities), unions (associations), funds, one or more legal entities that are not subjects of small entrepreneurship exceeds 49 percent (except for subjects of infrastructure supporting small and medium entrepreneurship);
which are banks, non-bank credit and financial organizations, insurance organizations, professional participants in the securities market, pawnshops;
who are participants in concession agreements regarding the division of products, concluded with foreign investors in the manner defined by the legislation of the Republic of Belarus;
carrying out activities in the field of gambling business, lottery activities, electronic interactive games, production and sale of excise goods, extraction of mineral resources, except for commonly occurring mineral resources;
in the process of reorganization, liquidation (cessation of activities), economic insolvency (bankruptcy);
those who did not provide the documents necessary for making a decision on granting state financial support, or in the presence of false information in the submitted documents;
since the violation of the conditions for providing state financial support, three years have not passed;
having arrears in payments to the budget and state off-budget funds;
having losses based on the actual hours worked in the current year as of the date of the request for state financial support.
List of documents provided for participation in the competition
To participate in the competition, business entities provide
to the committee of economics of the regional executive committee the following documents:
application for participation in the competition indicating the requested type, amount of state financial support, the expected number of jobs to be created, as well as indicating the confirmation of the accuracy of the provided information;
a copy of the certificate of state registration of a legal entity, the charter of the legal entity (founding agreement – for legal entities operating on the basis of a founding agreement);
information on the average number of employees (for legal entities) certified by the signature of the head and the seal of the legal entity;
information about the volume of revenue from the sale of goods (performance of works, provision of services) excluding value added tax for the calendar year preceding the year of application, certified by the signature of the head and the seal of the legal entity or the signature of the individual entrepreneur and the seal if available;
technical and economic justification (including financial) of the investment project, business project;
the balance sheet and its appendices for the previous year, as well as for the actual working time in the current year (for small business entities applying the simplified taxation system – the tax declaration for the previous year, as well as for the actual working time in the current year).
To receive state financial support in the form of reimbursement of part of the interest on the use of a bank loan, business entities additionally provide:
a copy of the loan agreement;
statement from the loan account;
loan repayment schedule and interest payment on it;
copies of payment orders confirming the targeted use of the loan;
copies of payment orders confirming the payment of accrued interest on the loan;
calculation of the subsidy amount for interest payment on the loan, made by the bank.
To receive financial support in the form of reimbursement of part of the expenses for the payment of leasing payments under financial lease agreements (leasing) in terms of payment of the amount of remuneration (income) of the lessor, business entities additionally provide:
a copy of the financial lease agreement (leasing);
copies of documents confirming the transfer of the leasing object to the business entity;
calculation of the subsidy amount for the payment of the reward (income) to the lessor, made by the lessor; copies of documents confirming the payment of the reward (income) to the lessor.
The amount of state financial support
Reimbursement of part of the interest for the use of bank loansentrepreneurial entities are produced within the terms of the credit agreements.
Reimbursement of part of the interest for the use of bank loans
is carried out in an amount not exceeding 0.5 of the credit rate.
Reimbursement of part of the interest for the use of bank loans in foreign currency is made in Belarusian rubles at the official exchange rate of the National Bank of the Republic of Belarus on the date of actual payment of interest.
Reimbursement of part of the expenses for the payment of leasing payments under the financial lease agreement (leasing) in terms of payment of the amount of remuneration (income) of the lessoris produced to the business entity within the term of the financial lease agreement (leasing) in an amount not exceeding 0.5 times the reward (income) of the lessor.
In the case of acquiring leasing objects in foreign currency, reimbursement of part of the expenses for leasing payments is made in Belarusian rubles at the official exchange rate of the National Bank of the Republic of Belarus on the date of the decision to reimburse part of the expenses for these payments.
Procedure for making decisions on the provision of state financial support
The Committee of Economy of the Vitebsk Regional Executive Committee ensures the selection of investment projects and business projects for the provision of state financial support.
Based on the documents submitted by the competition participants, the economy committee of the regional executive committee conducts a compliance check within no more than 15 working days from the end of the application submission period and submits a draft decision for consideration by the regional executive committee.
on the provision of state financial support to applicants or the refusal of such support.
The candidates are notified in writing by the regional executive committee's economics committee within 5 working days from the date of the corresponding decision.