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Voucher scheme for the provision of services for the issuance of securities to SMEs
Published on 19 March 2019
Bulgaria
Severoiztochen
This is the good practice's implementation level. It can be national, regional or local.
About this good practice
The voucher scheme for the provision of securities issuance services on the capital markets is aimed at providing access for Bulgarian SMEs to capital market financing by providing incentives to connect with service providers in the area of the issuance of valuable papers. The aim of the project proposal is to increase the capacity of small and medium-sized enterprises for a competitive, sustainable and dynamically developing business by providing services related to securities issuance in the capital markets. The successful implementation of the project will contribute to the development of Bulgarian SMEs and stimulate their core activities by attracting additional private investments. The expected result is a minimum of 30 enterprises to receive vouchers to ensure the preparation of a prospectus for issuance of securities by the intermediary, as well as the placement of the securities in the country and abroad. As a result, additional investments in small and medium-sized enterprises are expected to be raised by more than BGN 15 000 000. The minimum requirement for the voucher to be paid is to raise private capital of at least 500 000 BGN in the issue of securities.
Resources needed
The grant amounts to BGN 1 661 051.00.
Evidence of success
High interest in the voucher scheme.
Potential for learning or transfer
This is a good chance to enable SMEs to attract funding for the needs of their business no matter where they are situated as long as there is capital market in the country.
Further information
Website
Good practice owner
You can contact the good practice owner below for more detailed information.
Organisation
Bulgarian Small and Medium Enterprises Promotion Agency
Bulgaria
Severoiztochen
Contact
Executive Director