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€700,000 subvention fund to lure associations to St Petersburg

St Petersburg is doubling its subvention fund to 50 million Roubles (approximately €700,000) for 2019 as part of its ongoing strategy to attract major international congresses to the city.

Although the fund is available for use across all the city’s venues, it is expected to have a postive impact on Expoforum, the city’s primary congress venue, capable of hosting up to 4,000 delegates.

The fund, which is controlled by St Petersburg Government and the St Petersburg Committee for Tourism Development, will be available to socially oriented non-profit organisations, who are stimulating business tourism and events in St Petersburg.

Subventions will be granted as part of a competitive process, which will reimburse up to half the costs of an event (up to 10 million Roubles).  Key criteria to achieve support include:

  • Number of international participants
  • Event duration
  • Event dates
  • Potential for domestic and international media reach
  • Alignment of the event with St Petersburg Strategy for Economic and Social Development

Maria Tsedeviyn, International Development Director at Expoforum, said:“Expoforum is growing its presence internationally, with a variety of major events confirmed over the coming five years.”

“However, this comprehensive subvention strategy ensures we are competitive on the global stage.  With upcoming enhancements to the city’s ambassador programme and plans to simplify the visa process we are looking forward to significant growth in events from a wide variety of sectors.

“Whilst the fund will benefit St Petersburg as a whole, the Expoforum team are particularly looking forward to the impact it will have on us in our position as the city’s primary venue for major events.”

Andrey Matsarin, head of St Petersburg Convention Bureau, added: “St Petersburg has firmly established its presence in the congress market. Our rich history and cultural offering blend perfectly with top universities, research centres and sector leading companies to make our city the perfect host for a wide variety of association events.”

The subvention application process has also been simplified with support available from the CVB as well as local consultants to ensure associations maximise their chances of financial support.