At the EBRD we provide more than just finance.
Within the Small Business Initiative, in addition to finance, we also provide business advice to help small and medium-sized businesses grow, succeed, then grow again, becoming genuine catalysts for their local economies and region.
A vibrant small and medium-sized enterprise (SME) sector is a vital ingredient for a healthy market economy. However, finance alone often cannot meet the challenges facing small and medium-sized businesses. They also need access to know-how to improve their performance and grow.
Video: Our know how
Learn how business advice enables small businesses to grow, develop and thrive.
We draw on the know-how of our network of international advisers and local consultants to help transform a wide range of businesses, looking at areas including strategy, marketing, operations, quality management, energy efficiency, financial management and beyond.
We also build strong, competitive markets for business advice that will thrive independently, well into the future. We’ve been doing this successfully for over twenty five years. When it comes to creating healthier, more prosperous and more durable small businesses, we know how.
We have transformed the performance of thousands of small businesses and laid the foundations or smart, sustainable and inclusive growth in markets across our region. Results matter to us. Focusing on the right objectives, our projects achieve the best possible outcomes and we are confident that the results speak for themselves.
By connecting our clients to local consultants and international advisers, we help transform a wide range of businesses. From the smallest companies looking to grow, to those going global, our expert network of advisers helps our clients step up and start thinking big.
One year after completing each project, we return to measure changes in the client’s business performance. Across the past three years, within a year of a project:
- 77 per cent of our clients increased their turnover
- 60 per cent created new jobs for a total of over 61,800 new jobs
- 30 per cent secure external financing to continue their growth.
We also know that a competitive market for business advice requires a wide variety of advisory services and qualified, competent consultants to deliver them. Over the years we have:
- We have over 10,000 local consultants ready to help small businesses, with wide coverage across all our regions
- Trained the next generation of consultants in core consulting skills
- Introduced new and more sophisticated services, including advice on energy and resource efficiency, change management, information and communications technologies, and others
- Supported the establishment of local business associations in countries such as the Kyrgyz Republic and Mongolia.
Our professional development programmes help consultants to build their competencies to better serve their clients. We offer a variety of opportunities, from introductory courses to help new consultants establish their business and learn essential consulting skills, to training for more experienced consultants to improve their marketing, business diagnostics and project management.
We also enable consultants to expand their services with specialised training in technical areas such as energy efficiency and export promotion. By creating a strong pool of local expertise, we know that the benefits of our work will be sustained into the future.
But a market does not work without strong demand. Client contributions to our projects have risen consistently over the years, demonstrating a growing willingness to pay for external advice. We make this a key priority in our engagement with a business. 63 per cent of our clients have never worked with a consultant before starting their project, but when we come to evaluate their projects one year after project completion, 95 per cent of our clients say they would hire a consultant again, and almost over half have already done so.