Industrial Development Fund was established by the Government of the Russian Federation in 2014  at the initiative of the Ministry of Industry and Trade of the Russian Federation in order to modernize Russian industry, to create new interprises and to ensure import substitution.

The Fund grants targeted loans on a competitive basis at the interest rate of 5% per year and up to 7 years in the total volume from 50 to 700 mln. rubles, stimulating flow of direct investments in real sector of economy.

In July 2015 Association of industrial parks and Industrial Development Fund signed a Collaboration agreement. Among shared objectives there is increasing accessibility of financial Fund products for managing companies and residents of industrial parks.