Setting up a production facility to manufacture metalworking equipment.
Objectives
The main objective of the project is to set up a production facility in Snezhinsk
to manufacture high-tech metal-cutting tools. The project will:
Aim to meet 20% of Urals market in high-tech metal-cutting tools.
Create 18 new jobs, 11 of them former employees of RFNC-VNIITF.
Summary
Final audit showed that the Beneficiary had fulfilled all of its obligations in full. Job creation were over fulfilled (18 jobs /12 for former employees of VNIITF created vs 18/11 planned).
The project has been been completed successfully.
Cost
Total cost of the project is £330,306. The DECC's contribution is £185,000.
