THEORY OF FINANCING INNOVATION ACTIVITIES IN SMALL AND MEDIUM-SIZED ENTERPRISES IN THE AGRICULTURAL SECTOR

Natalia Stoyanova

Abstract


Social economy and social enterprises have significant potential to provide high-quality employment in areas such as energy efficiency, renewable energy sources, organic agriculture, ecotourism, or circular economy activities related to reuse, repair, and recycling. Developing effective strategies for the growth of social eco-enterprises, as well as raising awareness of opportunities, can stimulate entrepreneurship. Encouraging Entrepreneurship Access to financing poses a challenge for every startup, and enterprises engaged in green economy activities are no exception. The Commission, along with the European Investment Bank, has established the Natural Capital Financing Facility to support projects utilizing such capital, including small innovative enterprises focused on biodiversity and climate change adaptation. Due to the recent growth in microfinance activities in Europe, over 30% of microcredit providers now offer microcredits for the green economy, with another 10% in the process of developing such credits.

Keywords


sustainable growth through energy-efficient production in the agricultural sector.

References


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