Issue № 99. August 2023

Special Investment Contracts of New Edition — SPIC 2.0: Features of Use and Perspectives

PhD, School of Public Administration, Lomonosov Moscow State University, Moscow, Russian Federation.
E-mail: Yevstafyeva@spa.msu.ru 

Since 2021 there is a special legal regime in the Russian Federation used for stimulating investment activity — special investment contract of the second edition (SPIC 2.0). This instrument of industrial and investment policy has a number of distinctions from its initial version, and the main one is its technology implementation focus. Under the current political and economic conditions development of the own technological base and based on that industrial production is critically necessary for strengthening the economic sovereignty. The aim of the research is to study the experience of using SPIC 2.0 from the moment of launch to the present to achieve the objectives of the state. The study was based on data from the State industrial information system, in particular the data of the public registry of special investment contracts and public registry of competitive selection. The following methods were used: statistical, logical analysis, synthesis, comparison and generalization. Since 2021 till July 2023 there were 27 special investment contracts signed according to the model of SPIC 2.0 which provides serial production of industrial goods on the basis of the technologies which in accordance with the established procedure are considered modern for special investment contract purposes. As a part of the signed SPIC 2.0 it is planned to develop 26 technologies out of approximately 770 included in the special government list; the total volume of investment obligations of the private party amounted to 736,7 billion rubles. These results give grounds for recognizing the use of the potential of the SPIC 2.0 tool as insufficient for solving the tasks of industrial and investment policy and recommend intensifying work of authorized bodies in holding competitions for the development of modern technologies within the framework of SPIC 2.0.

Keywords

Special investment contract, SPIC 2.0, industrial policy, innovations-based industrial development, technology implementation investment projects, industrial investments, technological development, investment incentives.