EU funded projects in BiH

Support to development of the Fast Growing SME''s (FGSMEs) and local business en vironment

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PROJECT DETAILS

Sectors
EU Acquis chapters Enterprise and industrial policy
Programme Funding Year 2011
Value €430,376
Periods of implementation 2014
Locations SARAJEVO-CENTAR, HADŽIĆI, ILIDŽA, ILIJAŠ, SARAJEVO-NOVI GRAD, NOVO SARAJEVO, SARAJEVO-STARI GRAD, TRNOVO (FBiH), VOGOŠĆA

Results

Implementation of this project resulted in: - Strengthened capacities and expansion of FGSME evident in the pilot municipalities of Novi Grad, Ilijaš and Vogošća. - Cooperation between local communities and FGSME improved through development of action plan for business development and internet accessible SME database for policy analysis. - Local capacities for support to existing and potential FGSME strengthened, Business Boost Centre (BBC) established and new services for business support created. - Business expansion of potential FGSME achieved through provision of small grant support.

SUMMARY

The project is fostering the expansion of Fast and Potentially Fast Growing SMEs (FGSMEs) in Sarajevo Macro region. Overall, the project has supported over 30 SMEs and has helped creation of more than 110 new jobs. This project has developed a range of services for supporting a specific fast growing group of SMEs in selected municipalities of Sarajevo Macro region. These facilities have included a newly established Business Boost Centre (BBC) with 12 new services, small grant scheme with consulting provided to 11 SMEs and mentoring program for 20 start-ups.

RESULTS

Implementation of this project resulted in: - Strengthened capacities and expansion of FGSME evident in the pilot municipalities of Novi Grad, Ilijaš and Vogošća. - Cooperation between local communities and FGSME improved through development of action plan for business development and internet accessible SME database for policy analysis. - Local capacities for support to existing and potential FGSME strengthened, Business Boost Centre (BBC) established and new services for business support created. - Business expansion of potential FGSME achieved through provision of small grant support.