Selected European Union operational funds’ impact on newly emerging SMEs in the Lubelskie Voivodeship
2018
Boratynska, K., Warsaw Univ. of Life Sciences (Poland). Faculty of Economic Sciences. Dept. of Finance | Andrusiewicz, E., Poland
The research problems comprise issues connected with acquiring EU funds for newly established SMEs. The main purpose of the article is to discuss the significance of the EU funds for the establishment of SMEs in the Lubelskie Voivodeship. The research included the following tasks: characterization of selected aid funds, description and assessment of instruments that support the development of the newly established small and medium-sized enterprises as well as presentation of advantages that stem from the implementation of the aid funds in the Lubelskie Voivodeship. In order to meet the aim of the article and to verify the hypotheses elements of statistics, descriptive and tabular analysis were also used. A case study method was also applied. The theoretical part of the paper describes the SME sector and its role in the economy. The empirical part analyses the Regional Operational Program for the Lubelskie Voivodeship, as well as a total of 20 projects implemented under the Human Capital Operational Programme and addressed for the newly established SMEs. However, the article is limited only to presenting the details of 4 selected projects taking the criterion of the highest amount of the acquired funds into account. As a result, entrepreneurs have a chance of obtaining funds allowing them to establish and develop their businesses. Due to the use of the aid funds, many new jobs were created, which had a positive impact on a decrease in unemployment, as well as on the local development. For instance, the Human Capital Operational Programme, Priority VI, Operation 6.1, co-financed by the EU under the European Social Fund for 2007–2013 in the Lubelskie Voivodeship provided as much as over PLN 354 million, with the EU funding amounting to over PLN 299 million. As a result of those funds, 5.109 new businesses were opened. An important result was also an increase in entrepreneurial awareness and conducting own business activity, which in the future can stimulate further economic growth of the Lubelskie Voivodeship.
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