The Labour Fund has engaged D&B Research & Advisory Services to develop a customised business scoring model to streamline financing support for small and medium enterprises (SMEs) development in Bahrain.

The scoring model will also enable SMEs to identify growth opportunities and utilise feedback for improved business performance.

D&B Research & Advisory Services has also been mandated to conduct a detailed study of the SME sector in Bahrain.

The objective of the study is to identify various challenges faced by Bahraini entrepreneurs in creating new businesses and in sustaining and growing businesses.

The Labour Fund will utilise the outcomes of this study to further strengthen its development programmes for SMEs and private sector support.

’The outcome of this study will add a great deal of value to our overall attention to SME development and assist us in effectively streamlining our financing projects and other related programmes to meet their needs and requirements,’ said Labour Fund head of planning and development Dr Nasser Qaedi.

’Utilising a comprehensive strategically defined approach, we are confident that this study will compliment our efforts to reinforce the role of SMEs and more effectively identify opportunities to support the capital requirements of businesses and encourage enterprise development across target sectors,’ he added.

’Research has shown that easy availability of financing has been a key factor in development of the SME sector across the globe,’ added D&B Research & Advisory Services director Tatjana Marinko.

’This assignment will help Labour Fund strengthen various financing programmes for SMEs and also to identify solutions for various other challenges faced by Bahraini entrepreneurs,’ she added. - TradeArabia News Service