A recent article published online discusses the improving access to finance for SMEs. The article highlighted the number of SMEs in Europe and the benefits that they bring, mainly employment and supporting economic growth.
If SMEs have more access to finance, they will be able to compete for tenders, consequently increasing their chances for growth and development.
Certainly, a challenge faced by many SMEs in the tender process is the financial stability. If this access to finance is developed then naturally we will see more SMEs bidding for both public sector and private sector tenders.
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