A national project has set ambitious goals to have Russian citizens benefit from expanded opportunities. The number of people employed at SMEs is projected to grow by almost 6 million by 2024. More than RUB 400 billion have been allocated for the implementation of this national project with a substantial portion of the funds earmarked for the regions of the Russian Federation. What mechanisms can be used to promote entrepreneurship? Is business already feeling improvements? What steps are needed for a qualitative breakthrough in the availability of SME funding? Are the measures that are envisaged to accelerate this process sufficient for the development of small business?