"The Measures for the Use and Management of Sichuan's Strategic Emerging Industries Development Special Funds" announced

On April 13, the Sichuan Provincial Government issued the “Measures for the Use and Management of Special Development Funds for Strategic Emerging Industries in Sichuan Province” to make mandatory requirements for the use, application and supervision of the special funds for strategic emerging industries in the province. It will be used to support the cultivation and development of six strategic emerging industries: new generation information technology, new energy, high-end equipment manufacturing, new materials, biology, energy conservation and environmental protection.

The Measures stipulate that special funds are mainly used to promote products and projects that meet the national and provincial strategic emerging industries development plans and are included in the strategic emerging industries (products) guidance catalogue issued by the National Development and Reform Commission and the Ministry of Industry and Information Technology. The support method adopts loan discount interest, capital injection, and special subsidies. In principle, the loan interest discount is 40%, capital funds are injected into 40%, and special subsidies are 20%. The city (state) or county (city, district) where the project is located will be funded by less than 20% of the provincial-level financially supported project funds. The amount and method of support for a single project were specifically formulated to implement the rules, and the amount was not more than 50 million yuan (including 50 million yuan).

The capital allocation of Sichuan's six strategic emerging industries development projects is, in principle, 25% for the new generation information technology industry, 15% for the new energy industry, 20% for the high-end equipment manufacturing industry, 20% for the new materials industry, 10% for the bio-industry, and energy conservation and environmental protection The proportion of the industry is 10%.

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