 he mining towns are in constant need of financial resources. Some of the main obstacles facing the attraction of finance include the remoteness, isolation and accessibility of the towns. Furthermore, only the best grant applications and most bankable commercial projects will stand a chance to find relevant sources of finance, be it Russian or international.
evertheless, these possibilities always exist and Municipalities have a special responsibility in developing strategies for targeting grants and investments into their towns. That's why it is necessary to organize the proper training for the specialists within municipalities and business support structures. Professional grant applications, investment and business plans must be developed, while simultaneously a network of potential donors, investors and other sources of finance must be targeted. This requires skilled investment and donor specialists and a good understanding of what investors/donors look for. Training specialists and introducing them into an investors/donors' network is one of the key instruments used under Merit to develop local capacity for investment promotion.
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