Conexio consulting

NEW STRATEGIES FOR REGIONAL DEVELOPMENT AGENCIES IN TURKEY

Development Agencies are autonomous public institutions that work under the coordination of the Ministry of Industry and Technology to reduce regional disparities and to ensure regional development. Development Agencies are not implementing institutions that make direct investments. The main task of Development Agencies is to promote cooperation between public, private sector and non-governmental organizations and to ensure local potential.
Development agencies operating in Turkey in order to increase regional competitiveness, gave last year’s 662.6 million pounds in 1246 to support the project. The 26 development agencies operating throughout the country contribute to the development processes of their regions through strategy and planning, promotion of investment opportunities and financial and technical support.
Agencies carried out analysis, analysis, strategy and planning studies on 205 different issues last year and supported researches aimed at accelerating economic and social development by identifying the resources and opportunities of the regions. Last year, 1246 projects were supported through development agencies supporting public institutions, SMEs, associations, foundations, unions such as non-governmental organizations and legal entities. The amount of support given to these projects 662.6 million pounds, including the co-financing project budget was 1 billion pounds. During this period, 58 projects received the right to receive support through the calls for proposals, while the amount allocated to these projects amounted to 564.3 million pounds.
In line with the priorities envisaged in the regional plans, the activities of conducting the guided projects whose subject and conditions are determined under the leadership and direction of the agencies have continued last year. Within this scope, approximately 79.1 million TL was provided to 14 guided projects in 2017 and 2018. Guided project implementation for direct support without implementing the call for proposals method was carried out by 7 agencies last year.
Agency supports will be structured to include management consultancy services that will help improve the management and business practices of local actors such as public enterprises, non-governmental organizations and universities, solve problems and evaluate new business opportunities.
In this context, incentive and encouraging programs will be implemented in areas such as business constitutions, innovation management, public offering, efficient production, software as a service (SaaS), institutionalization and digital transformation, which have not been adequately addressed in institutions, organizations and businesses. Another innovation to be implemented with development agencies will be the implementation of regional venture capital. In this context, regional venture capital will be supported to the enterprises that have the potential to grow in order to uncover enterprises that produce goods and services with high added value and to expand the culture of entrepreneurship. Thus, companies will become more competitive in national and international arena.
In the new period, feasibility-ready project pools will be established to enable agencies to use the facilities and capabilities of the regions effectively and to accelerate their economic development. These projects will be included in the public investment program, benefited from state supports, financed by public-private partnerships or international funds, or implemented by the private sector’s own resources.

LinkedIn