The Global Goals established an ambitious agenda for sustainable development. Central to this agenda is the notion that private enterprises can play a valuable role in generating sustainable socio-economic growth, contributing to job growth and reducing poverty in emerging economies. There is a vast opportunity to grow the ability of small and growing businesses (SGBs), and social businesses, to better address socio-economic issues at scale. SGBs are one of the most promising avenues for sustainable development and positive change across the globe. Yet many SGBs, particularly those in challenging developing market contexts, face significant barriers to scale. Despite the growing ecosystem of external support, it is clear more needs to be done to help SGBs scale and deliver progress toward the sustainable development goals.
Today, Numbers for Good and Spring Impact publish a report, with the kind support of Argidius Foundation, that seeks to understand how SGBs can be better supported to in their growth journey. Our hope is twofold: that it will introduce some practical recommendations to test and will initiate a wider dialogue for how SGBs can scale – creating the systemic impact we all want to see.
Through a literature review and over 50 in-depth interviews with SGBs, investors and other organizations that support SGBs, we offer insights on some of the barriers that exist and also recommendations that can help us move forward.
Commenting on the report, Tej Dhami. Managing Director of Numbers for Good said “This is the beginning of a conversation with SGBs, donors, investors and others. We would love your thoughts and to continue this vital work of how we can support the growth of Small and Growing Businesses to best support the Global Goals”.
Read the Executive Summary here.
Read the Full Report here.