The Effectiveness of SME Support in the Modern Domestic Economy

Abstract

The subject of the study is the evolution of the policy of stimulating the work of small and medium-sized enterprises (SMEs). The purpose of the work is to assess the effectiveness of SME support in modern Russia. The article highlights the main stages of the formation and development of the state policy of SME support. It is shown that at the initial stages, this policy was clearly fragmented through the use of financial instruments to support business. In modern conditions, the policy focuses on the predominant use of non-financial support tools, including information, marketing, legal support, training programs, consulting, product certification, assistance in entering enterprises into foreign markets. The role of the SME Corporation as the main coordinator of the work of regional and federal development institutions, whose work is associated with the intensive formation of infrastructure elements, is revealed. The analysis of the factors that increase the efficiency of the SME Corporation, including digitalization tools and the creation of modern digital platforms, is carried out.

It is concluded that the creation of an integrated support system for small and medium-sized businesses allows the Russian state to pursue a competent policy of increasing production capacity, identify priority areas of development, and demonstrate a high degree of flexibility in implementing a policy to stimulate the work of SMEs. The existing problems in the implementation of the SME support policy are outlined. Proposals have been put forward on the need to change the emphasis in the ongoing SME support policy and move to a new level of development policy.