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FRDV is ready to finance the development of employment centers in Kamchatka

FRDV is ready to finance the development of employment centers in Kamchatka

The Far East and Arctic Development Fund is ready to finance the development of employment centers in Kamchatka. The fund will use a new instrument for financing social projects on the peninsula.

According to the press service of the FRDV, in order to increase the efficiency of the regional employment centers, starting from this year and 2023, it is planned to conduct a comprehensive analysis of the regional labor market, introduce a training and professional development program for employees. As a result, unemployment in the region should decrease, budget costs for the payment of benefits should decrease, and additional tax revenues to the budget are expected.

According to the Governor of the Kamchatka Territory, Vladimir Solodov, the use of social impact projects to improve the quality of services in the labor market is one of the promising areas.

As the general director of the FRDV Alexey Chekunkov said, the fund is already implementing the first Russian project of social impact in Yakutia. VEB.RF, the Higher School of Economics and the regional government also participate in the project. It is expected that by 2022 the academic performance of more than five thousand students of Yakut schools will increase, and in the long term there will be an effective methodological basis for improving the quality of education.

Financing mechanisms for social impact projects make it possible to quickly and efficiently solve state problems with the involvement of extra-budgetary resources. Investments provide a measurable social effect, and the state guarantees the investor a return on funds. VEB.RF acts as the operator of social impact projects in Russia throughout their pilot testing until 2024. More than 25 regions of Russia have confirmed their readiness to join the project.

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