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Mixing the Grant Cocktail: Towards an Understanding of the Outcomes of Financial Support to Small Firms

Author

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  • Seamus McGuinness

    (Economic Research Institute of Northern Ireland, 22-24 Mount Charles, Belfast BT7 1NZ, Northern Ireland)

  • Mark Hart

    (Small Business Research Centre, Kingston Business School, Kingston University, Kingston Hill, Kingston upon Thames, Surrey KT2 7LB, England)

Abstract

One of the key policy objectives of government at national and regional level, is to overcome the constraints preventing local industry achieving greater competitiveness in the international market-place. This paper examines the impact of grant assistance to Northern Ireland small firms delivered over the period 1994–97 by the former Local Enterprise Development Unit through its Growth Business Support Programme (GBSP). Previous work by the authors showed that there was some tentative evidence to suggest a link between employment growth and grant aid provided to very small firms (fewer than 10 employees) assisted under the GBSP. The central objective of the empirical work reported in this paper is to extend the previous analysis by understanding the extent to which the value of financial assistance influences growth (employment, turnover, and productivity measures) and if differential impacts arise depending on the nature and timing (lag structures) of the grant assistance.

Suggested Citation

  • Seamus McGuinness & Mark Hart, 2004. "Mixing the Grant Cocktail: Towards an Understanding of the Outcomes of Financial Support to Small Firms," Environment and Planning C, , vol. 22(6), pages 841-857, December.
    • Handle: RePEc:sae:envirc:v:22:y:2004:i:6:p:841-857
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    Cited by:

    1. Whelan, Adele & McGuinness, Seamus & Barrett, Alan, 2021. "Review of International Approaches to Evaluating Rural and Community Development Investment and Supports," Research Series, Economic and Social Research Institute (ESRI), number RS124, June.
    2. Frank Peck & Simon Parry & Gail Mulvey & Keith Jackson & Ignazio Cabras & Jacqui Jackson, 2014. "The Role and Significance of Rates Relief for Supporting Businesses in Wales," Environment and Planning C, , vol. 32(6), pages 982-999, December.
    3. Greene, Francis, 2012. "Should the focus of publicly provided small business assistance be on start-ups or growth businesses?," Occasional Papers 12/2, Ministry of Economic Development, New Zealand.
    4. Karen Bonner & Seamus McGuinness, 2007. "Assessing the Impact of Marketing Assistance on the Export Performance of Northern Ireland SMEs," International Review of Applied Economics, Taylor & Francis Journals, vol. 21(3), pages 361-379.
    5. Annie Royer & Josée St-Pierre, 2020. "Facteurs qui entravent ou facilitent l’expansion des PME en croissance rapide de l’industrie bioalimentaire," CIRANO Project Reports 2020rp-37, CIRANO.

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