St Petersburg is doubling its subvention fund to 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 will have a significant, positive impact on Expoforum, which is the city’s primary congress venue, capable of hosting up to 4,000 delegates in its main conference halls in addition to its 50,000m2 of indoor exhibition space.
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. Subvention support will be granted as part of a competitive process, which will reimburse up to 50% of the costs of an event. 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.
“Expoforum is growing its presence internationally, with a variety of major events confirmed over the coming five years,” comments Maria Tsedeviyn, International Development Director at Expoforum.“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.”