Small business

2.6 A framework for private sector led SME development and partnership
Objective: To clearly define the key areas of potential for privately led partnership. 
Achieving this objective implies that efforts are focused substantially on raising the capacity of the SME
sector to help itself and contribute more substantially to the solution of broader problems of development
including poverty alleviation, entrepreneurship, health, education and social exclusion.
With this focus the stance of government moves away from one of direct management and regulation
(direction) towards one of governance (facilitation). This involves new partnership mechanisms for support
of individual and collective initiatives. A general outline for public-private sector partnerships, with a
special focus on SME development, may be found in the UNIDO publication UNIDO-Business Partnerships for
Industrial Development (see Annex 1). For a guideline for the role of private sector led development in
developing SME policy see  Annex 9.

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Chapter 3.