The Impact of EU Funds on the Development of a Business Model for Small and Medium-Sized Enterprises.

The purpose of this paper is to assess the impact of grants received by companies on the formation of a business model. The study covered micro, small and medium-sized enterprises based in rural areas, which received support in the form of investment grants within the Regional Operational Programmes 2007-2013 for northern Poland. The research was done using a direct survey method, and covered a total of 155 companies. The results of the study indicate that the grant obtained affected implicitly the modification of the business model elements that are placed on the left side of the template of the Business Model Canvas. However, the tendency of enterprises to undertake an innovative activity usually means changes in their business model both on the left and right side. The greatest strength of the dependence was observed in the case of relationship between the size of the company and changes in the model elements. Mediumsized enterprises were the most active in this respect, when compared to comparison to micro and small businesses, and changed the largest number of elements of the business model due to the obtained grant. [ABSTRACT FROM AUTHOR]