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Impact evaluation of an SME program

Program characteristics . Grants to SMEs for modernizationPurchase of equipmentsMaximum grant 25 M Ft (~100 000 )Private contribution min. 50%~9000 applicants~3500 beneficiariesAssistance approved 42 Bn Ft (~170 Mn ). Questions. Did assisted SMEs invest more?Differences in the growth of ta

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Impact evaluation of an SME program

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    1. Impact evaluation of an SME program Attila Béres National Development Agency Hungary

    2. Program characteristics Grants to SMEs for modernization Purchase of equipments Maximum grant 25 M Ft (~100 000 €) Private contribution min. 50% ~9000 applicants ~3500 beneficiaries Assistance approved 42 Bn Ft (~170 Mn €)

    3. Questions Did assisted SMEs invest more? Differences in the growth of tangible assets between the treated and the control groups Did assisted SMEs grow faster? Differences in the growth of net sales between the treated and the control groups

    4. Groups of interest Did not apply for grants Control group: 62 963 SMEs Applied but did not win „Treated” group: 1 134 SMEs Applied for grants and won Treated group: 981 SMEs In total approx. 8% of Hungarian SMEs

    5. Group characteristics

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