EU funded projects in BiH

Gorazde Business Improvement Zone

PROJECT DETAILS

Sectors Competitiveness and innovation, Regional and territorial cooperation
EU Acquis chapters
Programme Funding Year 2011
Value €440,547
Periods of implementation 2014
Locations FOČA - USTIKOLINA, GORAŽDE, PALE - PRAČA

Results

1. Establishment of Business Service Center. 2. Demonstration of PPP for renovation of the urban zone for business development. 3. New programs and financial instruments for SMEs developed and implemented. 4. Research and promotion of new investments through valorisation of the river Drina, as most significant natural resource in the region.

SUMMARY

The project is part of the 5.2 million EUR worth IPA 2011 grant support to the local economic development in BiH which stimulates growth and jobs creation through the enhanced local partnerships and provision of business infrastructure and services. Specifically, the project contributes to economic growth and employment generation in Goražde area through development of Business Improvement Zone for SMEs, which will provide services to 150 SMEs (120 micro and 30 small ones), 50 potential entrepreneurs, and will identify 10 potential new investments in the area. The heart of Business improvement zone will be located in the centre of Goražde where Business Service Center (BSC) will be established and PPP initiative demonstrated. BSC will have 230 m² of space and will accommodate Chamber of Crafts, Chamber of Commerce, Tourism Community, Association of Employers and Association of Crafts, to jointly support businesses in the region. BSC will provide 10 new or improved services to SMEs, 20 training programs, facilitate B2B meetings and it will also work on promotion of entrepreneurship, support development of new businesses, and connecting Gorazde with technological parks and IT centres in BiH and abroad. The House of Crafts will be established as part of the BSC (exhibit area on the first floor), as a multi-purpose centre for the promotion, presentation and didactical activities of crafts and micro businesses. New programs and financial instruments for SMEs will be available to SMEs in cooperation with Gorazde Canton government. Finally, the project will engage in valorisation of the river Drina (the biggest natural resource of Gorazde) to put it in function of SME development. A number of investment opportunities will be explored, elaborated and promoted. More information availabe on project web site: http://www.oxfamitalia.org/scopri/oxfam-italia-in-see/gorazde-business-improvement-zone

RESULTS

1. Establishment of Business Service Center. 2. Demonstration of PPP for renovation of the urban zone for business development. 3. New programs and financial instruments for SMEs developed and implemented. 4. Research and promotion of new investments through valorisation of the river Drina, as most significant natural resource in the region.