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Financial tools supporting peripheral functional urban areas in Estonia. Enterprise Estonia

Financial tools supporting peripheral functional urban areas in Estonia. Enterprise Estonia Ülari Alamets Head of Management Board. General remarks. Estonia – Objective 1 area ; Tallinn and the rest; Rather universal grant schemes covering whole country ;

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Financial tools supporting peripheral functional urban areas in Estonia. Enterprise Estonia

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  1. Financial tools supporting peripheral functional urban areas in Estonia. Enterprise Estonia Ülari Alamets Head of ManagementBoard

  2. General remarks • Estonia – Objective 1 area; • Tallinn and the rest; • Ratheruniversal grant schemescoveringwholecountry; • Regionalaspects: Tallinn out, specialregional and thematic programmes, networksoforganisationscoveringcountry.

  3. Enterprise Estonia Today • A total of 300 employees • 2012 budget: 113 MEUR, 2011 budget 200 MEUR • Regional offices in Jõhvi and Tartu • A network in each Estonian county: county development centres, tourism information centres • Foreign offices in Helsinki, Stockholm, Oslo, London, Hamburg, Moscow, St. Petersburg, Kiev, San Jose, Shanghai and Tokyo

  4. Estonian Business Support System European Structural Funds & Estonian State Funding MINISTRIES Enterprise Estonia Agricultural Registers & Information Board – PRIA Environmental Investment Center– KIK Estonian Development Fund Rural Development Foundation – MES Kredex: Credit and Guarantee Fund Archimedes Unemployment Insurance Fund Innove

  5. Strategic objectives for 2007-2013 General goal: Growth of GDP I More sustainable andfastgrowing start-ups II More exporting and internationalizedEstonian companies III Higher R&D capability ofEstonian companies IV More tourismrevenues V Balanced regional development: i Moreactivecivicsociety iiBetterlivingenvironment

  6. MORE HIGH VALUE EXPORT REVENUES/IMPORT SUBSTITUTION Et Jobs? Highvalue-added, sustainable MORE NEW EXPORTERS MORE EXPORT FROM EXISTING EXPORTERS MORE TOURISM REVENUES GDP growth New start-upswithgrowthpotential Technologicalcapacities, productivity Highvalue FDI Companiesproductdevelopment Betterbusinessinfrstructut Internationallycompetitive companies Supportinglocalgovernmentsin improvinglivingenvironment Supportingcommunitiesin Developingcivicsociety Attrctivevisitingenvironment Universitesservicesforcompanies Moresustainablelifestylestart-ups Morecreativeindustrystart-ups Moreexportsbycreativeindustry Supportinglocalgovernmentsinvestments Supportingcompaniesinvestments Marketing Estonia intargetmarkets Incrasingskills and co-operationindevelopinginfrastructure Financingactivities Increasingskills, co-operationcapabilitiesoflocalcommunities 11 ACTION PLANS = 100 MEUR Increasingawareness, skills, co-operationcapabilitis

  7. Principles • Value chain based approach • Accountmanagers (clientexecutives) system • Diagnostics and pre-consultation • More activities implemented by Enterprise Estonia (not grants) FOR FEW Grants FOR SOME Development of knowledge and skills, fairs FOR ALL Information, awareness

  8. Developer of the Year Mentorship Programme Services of other value chains Development Fund Start-up grant for growing companies Incubator services Start-up loan from Kredex Cooperation seminars Start-up grant Trainings on business plan and start-up of business, business plan contests Basic advice at county development centres, basic diagnostics Business information, information centre, www.aktiva.ee Business awareness MORE SUSTAINABLEAND FAST GROWING ENTREPRENEURS Sub-goals: 1. More start-up entrepreneurs 2. Higher survival rate of companies 3. More fast growers

  9. Exporter of the Year Supporting recruitment of development employees Export marketing grant Product development grant Export guarantees by Kredex Joint marketing grant Grant for participating in foreign trade fairs Services of foreign representations of Enterprise Estonia Support for investments in technology Diagnostics Mentorship programme Organisation of seminars and business missions for international companies Trainings and consultation in the field of export Information in the field of export Reputation building events (incl EXPO, events introducing Estonia in foreign countries) Export-related awareness INCREASE OF THE EXPORT CAPACITY OF COMPANIES, AND INTERNATIONALISATION Sub-goals: 1. Increased export volume 2. Increased volume of foreign investments

  10. Innovator of the Year Development Fund Supporting competence centres Support for investments in technology National technology programmes International cooperation in R&D, incl with the European Space Agency) Cooperation with partners Export marketing grant Supporting R&D projects (incl development of environmental technologies) BETTER PRODUCT DEVELOPMENT AND TECHNICAL POTENTIAL OF ENTERPRISES Sub-goals: 1. Greater innovation potential of enterprises 2. Greater potential for research and development establishments to offer marketable solutions Supporting recruitment of development employees Joint marketing grant, foreign trade fair grant Innovation vouchers Diagnostics Development of research and technology parks, services of R&D incubators Cooperation with universities Knowledge, skills Awareness Research institutions Enterprises

  11. Support for investments in technology Development Fund Product development grant Preliminary studies and specific counselling Supporting recruitment of development employees Guarantees by Kredex Export marketing grant Cluster development grant Services of foreign representations of Enterprise Estonia Cooperation with research institutions Basic diagnostics Services of partners Mentorship Programme Supporting development of knowledge and skills Awareness BETTER PRODUCT DEVELOPMENT AND TECHNICAL POTENTIAL OF ENTERPRISES

  12. Supporting recruitment of development employees Export marketing grant Supporting major projects Mentorship programme Foreign trade fair grant Joint marketing grant Supporting nationally important tourism and cultural objects Supporting incubators, competence centres and networks Diagnostics Strengthening regional competitiveness Area-specific trainings Start-up grant for starting entrepreneur Services of partners Research, information Aktiva.ee Awareness of creative industry Supporting development of knowledge and skills DEVELOPMENT OF CREATIVE INDUSTRY

  13. Functionalactivities • Grant schemes (50): participatinginprogramming, instructivematerials, pre-counselling, compliencechecks, evaluation, decisionmaking, monitoringimplementation, arrangingpayments, post audits, checks (eg 5 obligationtomaintainmaterialproperty), evaluation • Project activities (40-60): planning, ToRs, procurement, contracts, payments, feedback • Co-ordinationof partner networks: CDCs, TICs, Incubators, Technologydevelopmentcentres: stategy, servicestandards, annualplans, paymentsetc

  14. Start-upgrants: EE grants 7,4 mln € (2007-2011) 53,3 % 6,8 3,2 0,5 2,1 2,1 1,9 1,3 18,6 3,2 1,8 7,3 1,3 Total 992 projects, average grant 7 500 € 1,6 3,0

  15. Joint marketing grant: EE financing 0,6 mln € 75,3 % 6,2 1,4 8,4 6,9 1,7 32 projects, average grant 22 100 €

  16. Export marketing grant: EEfinancing25,9 mln € 67,4 % 3,6 3,9 0,1 1,8 0,4 0,1 0,8 11,6 2,2 2,8 3,2 0,7 309 projects, average grant 83 900 € 0,4 0,9

  17. Innovationvouchers: EE financing1,8 mln € % 62,9 0,7 3,2 0,7 0,7 1,5 0,5 0,8 19,3 1,4 2,2 2,1 0,5 424 projects, average grant 4 200 € 1,7 1,7

  18. Productdevelopmentgrants: EE financing37,7 mln € 67,8 % 1,5 0,2 3,2 0,1 0,1 22,7 0,7 3,1 268 projects, average grant 140 700 €

  19. Skillsdevelopmentgrants: EE financing 8,9 mln € 71,4 % 2,6 4,1 0,4 0,7 1,6 1,0 0,4 10,0 1,6 1,7 2,7 0,5 1 591 projects, average grant 5 600 € 1,0 0,4

  20. Skillsdevelopmentvoucher: EE financing 1,3 mln € 63,2 % 2,7 2,4 0,5 1,3 1,4 1,7 1,0 13,7 1,5 3,2 3,7 0,9 1 550 projects, average grant 820 € 1,1 1,7

  21. Grantsforpurchasingequipmentforindustrialcompanies: EE financing 68,7 mln € 46,7 % 5,9 3,0 2,4 0,4 0,7 2,1 2,4 9,3 1,9 2,8 2,1 3,1 181 projects, average grant 379 500 € 0,4 0,7

  22. Marketing grant fortourismcompanies: EE financing 2,2 mln € 40,5 % 8,6 3,8 6,8 7,0 10,9 15,8 32 projects, average grant 69 400 € 6,5

  23. Productdevelopment grant fortourismcompanies: EE financing 13,8 mln € 39,6 % 17,7 25,1 3,9 6,8 2,3 16 projects, average grant 862 400 € 4,6

  24. All grants: EE financing 176,4 mln € 53,6 % 5,9 3,6 1,0 1,5 0,5 1,0 1,3 12,7 2,2 2,0 2,4 2,2 5 745 projects 0,4 0,9

  25. Grantspercapita 2007 – 2011.06.08 (€) Pealkiri 188 95 62 Estaoniaaverage 132 € Sisu Sisu 61 94 26 176 48 62 148 114 47 126 22 44

  26. Socio-economicimpact • Population • Migration • Wealth • Settlementstructure • Integration • Jobs, unemployment • Infrastructure • Entrepreneurship • …

  27. Thankyouforyourattention. • www.eas.ee • www.estonia.eu

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