SWEDISH AGENCY FOR ECONOMIC AND REGIONAL GROWTH Swedish Agency for Economic and Regional Growth...

SWEDISH AGENCY FOR ECONOMICAND REGIONAL GROWTH

Swedish Agency for Economic and Regional Growth (Tillväxtverket)

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Sweden – U S Entrepreneurial Forum 2009September 16, 2009The role of government in creating an entrepreneurial society

Lena Rooth, Head of Unit, Business Support, Tillväxtverket


Tillväxtverket …

New agency New Opportunities

• include the areas of responsibility previously belonging Nutek and the Swedish National Rural Development Agency as well as the SwedishConsumer Agency’s tasks concerning commercial and public service

• More and expanding enterprises

• Sustainable and competitive business community

• Development and potential for growth

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… throughout Sweden


Our offices

• 11 offices in 9 locations

• Head office in Stockholm

• Director GeneralChristina Lugnet

• For growth throughout Sweden

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Our assignment

• Promoting business development and entrepreneurship

• Making things easier for enterprises

• Co-ordinating development work

• Promoting commercial and public service

• Managing the structural fund

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Promoting business development

• Strengthen growth

• Facilitate and encourage business development and entrepreneurship

• Provide guidance to information for development and company start-ups

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• Programme for foreign-born entrepreneurs• Promoting women entrepreneurship• Environment-driven business development• Entrepreneur’s Guide• Business support• Enterprise Europe Network• Product development – small companies

EXAMPLES:


Making things easier for enterprises

• Measure and analyse the effects of rules

• Collect ideas and proposals for new simplifications

• Make things easier for everyone looking for information about starting and running a business

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• Better regulations for enterprises• Service for enterprise start-ups • Entrepreneur’s Guide• Business Link - Verksamt.se• The Start-Up Line

EXEMPLES:


Financing of business development and growth

• Responsible for the regional support mechanisms

• Be complementary to the private market

• Promotion activities within the different programmes


Capital MarketComparing private and public markets – some examples

• Commercial bank loans 2006 SEK 829 billion

The netlending increased with SEK 86 billion between 2005 and 2006

• ALMI – total loans 2007 SEK 3,2 billion

• ALMI - new loans 2007 SEK 1,4 billion

• Venture Capital Comp. 2007: SEK 48, 8 billion

Growth phases SEK 5,6 billion

of which seed money approx SEK 200 million

• Business Angels (estimated) SEK 2-3 billion/year


Government spending on financing?

• Public financing to SME:s 2007: approx SEK 3 billion (exkl. venture capital)

from Nutek – approx SEK 250 million

Definition

• Public financing means loans, conditional loans, guarantees, venture capital or grants directly to individuals or companies in order to facilitate start-up of companies or development of existing companies


Venture Capital investment by the Regional Structural Fund Programmes

ProgrammesEU+Public+

Private% of

Programme

Övre Norrland 380 000 000 5%

Mellersta Norrland 400 000 000 9%

Norra Mellansverige 289 000 000 4%

Östra Mellansverige 335 000 000 12%

Stockholm 277 915 520 21%

Västsverige 256 571 000 7%

Småland och Öarna 222 000 000 8%

Skåne-Blekinge 339 000 000 14%

Totalt2 499 486

520


Venture Capital SEK 2,5 billion

44%

30%

26%

EU medel

Offentligt

Privat


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Financial Support

• Regional Business Support - Regional Investment Grants- Regional Employment Grants- Support for Business Development – County Administrative Boards to companies within the regional support areas- Budget for 2009 140 Mkr - Total investments 2008 SEK 1,5 billion

• System Management- ”Handbook for Regional Business Support”- Policy Development- Training- Statistics and Reporting - Development of further Support Systems


Regional Investment Grants

1313


Regional Employment Grants

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15

Transportation Grants 2000 - 2008

0

100

200

300

400

500

600

2000 2001 2002 2003 2004 2005 2006 2007 2008

År

Mkr


Co-ordinating development work

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• Assist with knowledge and expertise

• Spread experience and learnings

• Support and co-ordinate development work throughout Sweden

• Regional cluster programme

• Urban area development programme

• Programme for local and regional growth

EXAMPLES:


Regional differences in innovation and entrepreneurship

Source: Anderstig, Kempinsky och Wigren (2007).


Promote commercial and public service

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• Support and co-ordinate co-operation between different players in order to achieve a good level of service throughout Sweden

• Programme for developing commercial and public service

• Support for commercial service

EXAMPLES:


Manage structural funds

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• To be the managing authority for the regional structural fund programmes

• The eight regional structural fund programmes

• The territorial co-operation programme Öresund - Kattegatt - Skagerrak

EXAMPLES:


International affairs

• Strengthen the international dimension in all programmes and activities

• Support to SME in internationalisation processes

• Crossregional och transnational programs, to support regional authorities activities in international programs and projects


Competitiveness and Innovation Framework Programme (CIP)

EU-Program - (2007-2013)


Enterprise Europe Network-sevices

• Information and excpertise on EU-rules, internationalisation, EU-financing

• Active international business contacts - in all EU regions

• Service for cooperation in research and technology


Tillväxtverket

• More and expanding enterprises

• Sustainable and competitive business community

• Development and potential for growth

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Thank you!

www.tillvaxtverket.seTel. +46 8 681 91 00

http://www.tillvaxtverket.se/

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