The potential advantages of Yaroslavl for investors are:
- Advantageous geographical location (proximity to Moscow and relative proximity to Saint-Petersburg), favourable climatic conditions;
- Location at the intersection of the main automobile, railway, water and airways, main oil and gas pipelines;
- Powerful multi-sectoral industrial capacity;
- Stable resources provision;
- Developed system of primary, secondary and higher professional education, high scientific and innovation potential;
- Wide external economic links;
- High tourism potential.
With purpose of developing efficient municipal investment policy, Yaroslavl local authorities use the system approach, which allows solving strategic tasks of municipal entity development, and also use modern market mechanisms and instruments.
To reach the above-mentioned goals the city developed and issued several laws and regulations of local authorities.
First of all, these are documents of strategic and medium-term planning of socio-economic development of the city:
- Strategy of Social and Economic Development of the City until 2020;
- Action Plan of Implementation of Strategy of Social and Economic Development of the City until 2020, which includes real events with quantitative measurement and clear time horizon.
The second regulation is the General Urban Plan, which determines the foundations of territorial planning and city building policy up to 2026.
According to the General Urban Plan the changes to the Program of Comprehensive Development of Public Infrastructure System were adopted. On the basis of this program a list of investment programs of public utility complex organizations was developed, with confirmed tariffs for connection to utility infrastructure.
Following the results of public hearings, the Land Use and Development Rules for the city Yaroslavl were confirmed. They adopt a regulating system for land use and development, based on division of the city territory into target areas and provision of urban development protocols for each area.
Thus the city acquires the necessary primary urban development documentation for its prospective development.
The investment projects carried out on the territory of Yaroslavl can use different kinds of municipal support, according to the current laws and regulations. This support is intended to create favourable conditions for entities involved in investment activities.
To attract new investors the Industrial Park Novoselki was created on the territory of the city (total area around 400 ha); it is situated along the south border of the city and presupposes multi-sectoral orientation. Such well-known companies as the construction machinery plant of the Japanese Group KOMATSU and the first in Russia construction elements production plant Lindab Buildings (Sweden) successfully work in Industrial Park Novoselki.
In September 2012 the formal opening of the plant for manufacturing of finished dosage forms of the Japanese Company Takeda took place. In October 2014 the construction of one more pharmaceutical plant on the territory of the Industrial Park was completed – the plant of the Company Teva (Israel). In December 2014 opened the Technical Data Processing Centre of OJSC “Vimpelcom”, one of the largest in Russia telecommunication companies.
Another object of the Industrial Park Novoselki is the “Centre of Technologies Transfer, Development of Innovative and Import-Substituting Medications, Training of Personnel for Pharmaceutical Industry” acting on the basis of the Yaroslavl State Pedagogical University named after K.D. Ushinsky; the construction was completed at the end of 2014. This project was carried out as part of the Federal Target Programme “Development of Pharmaceutical and Medical Industry of the Russian Federation for the period up to 2020 and further”. The Technologies Transfer Centre is a scientific research complex with a total area of 8600 sq. m. It is constructed as a business incubator, which allows placing chemical and bio-screening research laboratories, premises for preclinical studies, different types of technological and implementation platforms, offices and headquarters of companies-residents of the Yaroslavl Pharmaceutical Cluster.
In 2016 LLC "Yaroslavl Soft Beverages Plant" started its work. Currently the construction of the Federal Laboratory "Ceter for Quality Control and Certification of Pharmaceutical Products" began.
Fixed Capital Investments in Large and Medium-Sized Organizations
According to statistics for 2016, fixed capital investments in large and medium-sized city organizations made up 42,2 billion rubles, which in comparable prices is 25,6% less in comparison to 2015. The share of the city in investment volume of the Yaroslavl Region is 69%.
* excluding money of shared construction participantsThe main directions of capital investments in 2016 are: purchase of machinery, equipment, transport (53,0%), construction of non-residential buildings and structures (38,8%), residential buildings construction (6,2%).
Graphic View of Fixed Capital Investments
in Large and Medium-Sized Organizations in 2016
The main source of investment resources in 2016 were own funds of organizations. Financing of 56,2% of investments was carried out of own funds, 43,8% – out of outside funds.
Graphic View of Outside Funds for Financing
Fixed Capital Investment in Large and Medium-Sized Organizations in 2016