Small and medium-size enterprises (SMEs) and micro-scale enterprises (new and established) have a key role to play in generating new employment in peripheral regions. However, from knowledge of local markets it is clear that only small numbers of SMEs are consistent in generating new employment opportunities i.e. they are successful growth enterprises. SMEs that are most successful are those that successfully deployed growth strategies to optimize their business activities.
The growth strategy guideline reviews successful business growth strategies for SMEs and micro-scale enterprises in the NPA regions and analyses how these can be adapted for application to the RE sector. Business growth strategies based on new RE and energy storage technologies are identified by a case-based approach. Successful strategies allowing for business growth in current or new domestic or international market areas are available for replication across the NPA area facilitating economic growth and improved market access of new RE solutions.
The guideline report introduces firstly the contexts of business growth and main types of growth strategies. Secondly, it provides a baseline of business growth issues, preconditions of growth and support needs, basing on a transnational survey for 70 business enterprises in the NPA region. Thirdly, it provides examples of the growth strategies in renewable energy and energy storage sectors. Finally, conclusions provide more generic guidelines for the business growth strategies in the sector.
The guideline report is available for download on the GREBE website here