PROJECTS >> GEORGIA REGIONAL DEVELOPMENT FUND (GRDF)  The objective of the Georgia Regional Development Fund (GRDF) is the development of SMEs though investing. The duration of the fund is 10 years. Total budget of the GRDF is USD 32.1 million covering the following components:
Commercial investment fund - (budget USD 30 million) makes long-term investments in rapidly growing Georgian SMEs. Investments are implemented in enterprises working in agribusiness, tourism and other sectors, primarily outside of Tbilisi. Form of investment may be provision of loans to enterprises and/or investing in equity and other quasi-equity financial instruments. Technical assistance for SMEs - (budget USD 2 million) will be applied to improve the performance of portfolio companies following investment or to assist prospective portfolio companies to become qualified for GRDF investments. Team of Advisers - (budget USD 0.1 million) will be applied to finance the activity of the investment environment reform team. The activity of this team aims at establishing an institution, which will analyze the conditions existing in the country affecting the investment environment and strive to improve this environment. The expected outcomes of activity of the Georgia Regional Development Fund are: SMEs funded by GRDF will be developed and strengthened; New jobs will be created; Successful investments of the Fund will attract additional investments to the country; Products and services procurement from local suppliers will be increased thus resulting in development of the sales network for local products; Technical assistance provided by the Fund will increase the efficiency of portfolio companies and, eventually, revenues and profits.
Potential investees can obtain detailed information in Georgian and English languages regarding the Georgia Regional Development Fund and the process of funds allocation on the web-page of the GRDF management company at: www.seaf.ge.
For additional information, please, contact:
Elene Aladashvili, Public Outreach Officer (Enterprise Projects) at e.aladashvili@mcg.ge and/or
Nino Beradze, Public Outreach Coordinator at n.beradze@mcg.ge
Office Phone: +995 (32) 50 77 70
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