European Commission - Internal Market, Industry, Entrepreneurship and SMEs

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SMEs Support

Title of measure
Full title in national language:
SMEs Support
Duration:
2017 to 2020
Policy objectives Plus
Presentation of the measure:

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:

  • Promoting entrepreneurship, in particular by facilitating the economic exploitation of new ideas and fostering the creation of new firms, through business incubators included;
  • Supporting the creation and the extension of advanced capacities for products, services and development;
  • Supporting the capacity of small and medium sized enterprises to grow in regional, national and international markets and to support their engagement in innovation processes.
Budget, source and type of funding
Year2017
National public funds
Regional public funds
EU Structural Funds 13,700,000
Private funds
Other
Form of funding provided
Grants
Policy learning
To what extent the measure can be considered as a success and worthy of policy learning?:
It is too early to judge the success of the measure (e.g results of first call for proposals still not known).
Evidence of outcomes based on evaluation and other evidence:

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.
 

What are the most important “Do’s and Don’ts” that regional stakeholders should be aware of when launching a similar measure?:

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.
 

Would you recommend this measure as an example of regional good practice to policy-makers from other regions ?:
Yes
Organisation(s) responsible