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The North- East LEP area has a significant deficit of private sector employment and too few private enterprises. The economy needs more and better-quality jobs to increase productivity and provide a broader range of opportunities for the workforce. Business support together with access to finance is a key driver for a strong private sector and for the creation of more and better jobs.
Taking in consideration this context, this measure is looking to enhance the competitiveness of small and medium sized enterprises based in the North- East Local Enterprise Partnership area that are aimed at:
An important positive factor impacting on the degree of success of this measure is the presence of a strong and active ecosystem of the innovation. Vice versa, a negative factor is the low propensity of SMEs in investing in R&D for improving competitiveness.
Regional Stakeholders should have an overall picture of the economic performance in order to understand what are the main weaknesses. After this, they should understand what are the actual resources (infrastructure, actors, etc.) in the regional territory and what is missing for reaching the goal of the measure. Having an Ex-Ante analysis is important to launch this kind of measure. One thing to avoid is not involving the main actors of the entrepreneurial ecosystem. Besides analysing economic indicators, there must be also interviews with the main stakeholders of the regional territory.