Acronym: 4 investors

Contract Number: ESTLATRUS/1.1/ELRII-535/2012/33

Beneficiary: Foundation Ida-Virumaa Industrial Areas Development

Beneficiary Address: Foundation Ida-Virumaa Industrial Areas Development

Country: Estonia

Region: North-East Estonia

Project Location: North Estonia, Leningrad Region, Leningrad Region

Start Date: 01.05.2013

Project Duration: 20 months

Grant Amount: 334.544,40 €

Percentage Of Total Eligible Action Costs: 90%

Summary: Cross-border regions in many countries have extra challenges for economic development. After the fail of Soviet Union the business has moved to capital regions, creating social tension in cross-border areas. New European horizontal policy as well as new EU-Russia partnership presupposes intensive cooperation in cross-border area specially in the business filed. Cross-border regions bring unique possibilities for international big companies but also for SMEs to utilise the advantages available from both sides of the border. The Project will contribute to development and improvement of consulting services, which will be provided for investors. The Project will set up the preconditions for the development of the business support infrastructure (business incubators and industrial parks) in cooperating regions. The set of promotional events will be implemented in order to deliver the message to final beneficiaries attracting them to start the business in cross-border cooperating areas. The project Overall Objective is fostering the socio-economic development of the cooperating regions by improving the competitiveness of the cooperating regions to attract the principal foreign investors. The following Objectives will be reached during the Project implementation stage: 1. To increase the awareness of the investors on the business environment in cooperating regions; 2. To set up comfortable conditions for investors to start business; 3. To provide the infrastructural pre-conditions for effective starting of business operation for foreign investors. The Project Partnership is formed from the group of business support organisations highly experienced in attracting foreign investors coming from other countries or other regions. Target groups of the project are the following: 1. Start-up companies, small and medium size enterprises, foreign investors, industrial and logistics companies 2. Local and regional governments 3. Business support structures. Final beneficiaries of the project are: 1. Local inhabitants of the border region; 2. Start-ups; 3. Industrial enterprises in the field of metalworking, automotive components, electronics and wood; The implementation of the Project will create new knowledge, skills and attitude of the target groups in order to attract more businesses to cooperating regions. As a result: the new jobs will be created in participating regions, which will stimulate more taxes to local budgets, decreasing the unemployment level, and improving social situation in the region.

Project homepage: jalgpall.ee/news.php?st=style_fp.css&news_id=3614

Measure name: Fostering of socio-economic development and encouraging business and entrepreneurship

Measure: 1.1

Involved partners:

1. Foundation Ida-Virumaa Industrial Areas Development, Keskväljak 4, Jõhvi, 41595
2. Estonian Chamber of Commerce and Industry, Toom-Kooli 17, 10130, Tallinn
3. Public Institution of Leningrad region "Leningrad regional business support center", of.3-167, 3-170, 3, Smolnogo str.
4. Municipal fund “Ivangorod centre of sustainable development”, Gagarina 41, Ivangorod, 188490

Additional information:

1. Portfolio_535.pdf (pdf) 300.41 KB
2. Portfolio_535_RUS.pdf (pdf) 310.94 KB
3. RESULTS_535 (pdf) 1.17 MB