Small and Growing Businesses (SGBs) are crucial for economic growth but often lack access to financing. Discover how Business Development Services (BDS) equip these enterprises with the tools and knowledge they need to thrive, fueling sustainable development and creating jobs.
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The pioneering initiative seeks to transform power dynamics and accelerate gender equity-focused investment.
"There is growing evidence that the growth of small and growing businesses (SGBs) can be spurred by business development services (BDS). But how BDS is provided is critical to its success. Five fundamental considerations, acronymized as SCALE, have emerged that drive effectiveness. This report shows that even quite simple changes of approach can yield significant benefits to entrepreneurial growth. Together with an accompanying toolkit, it offers both BDS providers and funders guidance on how to implement dimensions of SCALE, proven to increase effectiveness, and as a result, boost SGBs revenues and job creation."