The Impact of National Financing Initiatives on SMEs: An Applied Study

Author

Wael Maher Zaky
Farid Moharram Algarhy

Abstract

The relationship between financing programs and national initiatives and small projects has been studied, and it has been shown that there is a strong relationship between them, These programs and initiatives aim to enable the people, especially young people and women, to implement small projects that contribute to providing job opportunities, income, and vocational education, and to provide economic solutions and new ideas that contribute to the growth of the overall economy, as well as handicrafts and crafts. They contribute to enhancing financial freedom and the ability to control family economic decisions and change the income map in the neediest areas. The study emphasizes the importance of providing scientific, technical, and material support to project owners and workers, providing training and simulation opportunities, and transferring expertise. The study also indicates that investment incentives contribute to the stability of small projects and improve their ability to compete, and directly affect the ability of small projects to exist and survive in difficult economic conditions. In addition, the study found that the support provided by comprehensive and integrated support, consulting and training services is essential for the success of small projects, as most of these projects depend on skills that require training, simulation and transfer of expertise. The study also showed the importance of investment incentives in creating a strong impact on the stability of small projects and the surrounding community. Therefore, it can be said that integrated and comprehensive support is a key factor for the success of small projects and the achievement of the desired economic and social goals.
Keywords: Funding initiatives – Small and medium enterprises – The Egyptian environment

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