Industrial development fund of Krasnodar region as a financial instrument of direct support for import substitution in the region

The article considers the role of the Krasnodar Region Industry Fund as one of the key institutions of the region, which implements a comprehensive approach in the implementation of the policy of import substitution, support for small and medium-sized businesses, as well as the promotion of technological and innovative industries. Within the framework of this work, the main areas of the fund's activities are investigated, with statistical data on the branches of the region's economy. The results of the study indicate the successful functioning of the regional fund and the need for further implementation of the state program for the creation of regional industrial development funds in other subjects.