For the first time, St. Petersburg attracted over 1.5 trillion rubles of investments in fixed assets

According to Petrostat, in 2024 St. Petersburg‑St. Petersburg attracted 1529.5 billion rubles of investments. Adjusted for inflation, this figure exceeded the level of 2023 by 10.5% and was higher than expected.
"In January, when we reported operational data to the President of Russia, we expected about 1.4 trillion rubles of investments. But the city's enterprises have once again proved that they can work in difficult conditions. This is our Leningrad-St. Petersburg character, supported by comprehensive state support," said Governor Alexander Beglov. – Double-digit growth rates best characterize the investment climate in St. Petersburg. Business sees how the transport and logistics infrastructure is being improved. Advanced industry and science are being supported, qualified personnel are being trained, and presidential megaprojects are being consistently implemented."
The dynamics of the volume of investments in fixed assets largely characterizes the situation in the economy. Almost 60% of investments are the share of own funds that enterprises invest in their development.
In the specific structure, the largest share of investments in 2024 fell on machinery and equipment – 47.2%; in buildings (except residential) and structures, the share of capital investments was 32.7%; in residential buildings and premises - 9%; in intellectual property - 8.9%.
It is noteworthy that over the past six years, the share of investments in intellectual property has increased fourfold (from 2.2% in 2018). These are some of the most economically significant investments designed to ensure technological sovereignty and technological leadership.
In general, over the past five years, St. Petersburg has doubled the volume of investments in fixed assets (in 2019, this figure was 745 billion rubles). Investments in the renovation and re-equipment of fixed assets, expansion and creation of new production facilities have a long-term economic effect and will have a positive impact on the development of the St. Petersburg economy in the long term.
It should be noted that St. Petersburg has many ways and measures to support entrepreneurs who want to invest in the development of the city. To create high-tech industries in St. Petersburg, Technological valleys and engineering-prepared sites of a Special Economic Zone are being formed, where subsidies and grants are provided to residents, and the most attractive conditions are created.
In addition, in St. Petersburg, such a format of working with businesses is widely used, such as assigning a certain status to an important investment project for the city, which provides benefits and advantages. Thus, to date, three large-scale industrial investment projects have been approved in the Northern Capital and about 24 strategic projects are being implemented.
An important tool for supporting new investment projects is the regional investment standard, which defines, among other things, the investor's procedure for obtaining a land plot, building permits and commissioning an object, as well as an algorithm for connecting to utility networks, etc. Work in accordance with the standard is aimed at improving measures to support entrepreneurs and improve business conditions, including reducing administrative barriers. In St. Petersburg, this principle of operation is implemented on the basis of a "Single Window for Investors", which provides organizational and advisory assistance to businesses, accompanying investment projects at all stages.