SWEDISH AGENCY FOR ECONOMICAND REGIONAL GROWTH
Swedish Agency for Economic and Regional Growth (Tillväxtverket)
1
Sweden – U S Entrepreneurial Forum 2009September 16, 2009The role of government in creating an entrepreneurial society
Lena Rooth, Head of Unit, Business Support, Tillväxtverket
SWEDISH AGENCY FOR ECONOMICAND REGIONAL GROWTH
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
2
… throughout Sweden
SWEDISH AGENCY FOR ECONOMICAND REGIONAL GROWTH
Our offices
• 11 offices in 9 locations
• Head office in Stockholm
• Director GeneralChristina Lugnet
• For growth throughout Sweden
3
SWEDISH AGENCY FOR ECONOMICAND REGIONAL GROWTH
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
4
SWEDISH AGENCY FOR ECONOMICAND REGIONAL GROWTH
Promoting business development
• Strengthen growth• Facilitate and encourage business development and
entrepreneurship• Provide guidance to information for development and
company start-ups
5
• 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:
SWEDISH AGENCY FOR ECONOMICAND REGIONAL GROWTH
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
6
• Better regulations for enterprises• Service for enterprise start-ups • Entrepreneur’s Guide• Business Link - Verksamt.se• The Start-Up Line
EXEMPLES:
SWEDISH AGENCY FOR ECONOMICAND REGIONAL GROWTH
Financing of business development and growth
• Responsible for the regional support mechanisms • Be complementary to the private market• Promotion activities within the different
programmes
SWEDISH AGENCY FOR ECONOMICAND REGIONAL GROWTH
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
SWEDISH AGENCY FOR ECONOMICAND REGIONAL GROWTH
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
SWEDISH AGENCY FOR ECONOMICAND REGIONAL GROWTH
Venture Capital investment by the Regional Structural Fund Programmes
ProgrammesEU+Public+
Private% of
ProgrammeÖvre 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
SWEDISH AGENCY FOR ECONOMICAND REGIONAL GROWTH
Venture Capital SEK 2,5 billion
44%
30%
26%
EU medelOffentligtPrivat
SWEDISH AGENCY FOR ECONOMICAND REGIONAL GROWTH
12
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
SWEDISH AGENCY FOR ECONOMICAND REGIONAL GROWTH
Regional Investment Grants
1313
SWEDISH AGENCY FOR ECONOMICAND REGIONAL GROWTH
Regional Employment Grants
14
SWEDISH AGENCY FOR ECONOMICAND REGIONAL GROWTH
15
Transportation Grants 2000 - 2008
0
100
200
300
400
500
600
2000 2001 2002 2003 2004 2005 2006 2007 2008
År
Mkr
SWEDISH AGENCY FOR ECONOMICAND REGIONAL GROWTH
Co-ordinating development work
16
• 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:
SWEDISH AGENCY FOR ECONOMICAND REGIONAL GROWTH
Regional differences in innovation and entrepreneurship
Source: Anderstig, Kempinsky och Wigren (2007).
SWEDISH AGENCY FOR ECONOMICAND REGIONAL GROWTH
Promote commercial and public service
18
• 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:
SWEDISH AGENCY FOR ECONOMICAND REGIONAL GROWTH
Manage structural funds
19
• 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:
SWEDISH AGENCY FOR ECONOMICAND REGIONAL GROWTH
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
SWEDISH AGENCY FOR ECONOMICAND REGIONAL GROWTH
Competitiveness and Innovation Framework Programme (CIP)
EU-Program - (2007-2013)
SWEDISH AGENCY FOR ECONOMICAND REGIONAL GROWTH
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
SWEDISH AGENCY FOR ECONOMICAND REGIONAL GROWTH
Tillväxtverket
• More and expanding enterprises• Sustainable and competitive business community• Development and potential for growth
23
Thank you!
www.tillvaxtverket.seTel. +46 8 681 91 00