Financial implications for the development of small and medium business in cities of Ukraine: analysis and evaluation of efficiency.

Abstract

The article considers the problem of access to financial resources of small and medium-sized enterprises inUkraine, legislative regulation of mechanisms and methods of financial incentives for the development of small and medium-sized businesses, as well as mechanisms for such support in the cities ofUkraine. The state of development of the small and medium-sized business sector, its structure and the state of the financial capabilities of such enterprises in the regions ofUkraineare investigated. The analysis of the current state of development of small and medium-sized businesses in the cities of Ukraine using information from the State Statistics Service of Ukraine and open data provided by the relevant executive bodies of local self-government, namely 5 cities: Vinnitsa, Kropyvnytskyi, Rovno, Chernivtsi and Chernihiv. Analyzed the tools, the volume of financing of legal acts and features of mechanisms for financial incentives for the development of small and medium-sized businesses in cities. The main differences in the approaches to financial support of entrepreneurship are determined and the effectiveness of the tools is analyzed.