Public-Private Partnerships and European Fund Utilisation: Opportunities and Challenges for Local Community Development

Alexandru Dorian Beres ()
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Alexandru Dorian Beres: “Babes-Bolyai” University of Cluj-Napoca, Faculty of Communication, Administrative and Politics Sciences, Administration and Public Policies Doctoral School, Romania

Ovidius University Annals, Economic Sciences Series, 2024, vol. XXIV, issue 2, 9-16

Abstract: Public-private partnerships (PPPs) play an increasingly vital role in the effective utilisation of European funds for local community development, combining public resources with private sector innovation and efficiency. This article explores the opportunities and challenges associated with PPPs in the context of European funding, focusing on their potential to drive sustainable growth, infrastructure improvement, and social progress in local communities. Using a cause-effect analysis alongside an extended SWOT analysis, the study examines the key factors influencing PPP success and highlights the necessary conditions for maximising fund impact. Findings suggest that while PPPs offer unique benefits, such as shared risk and diversified investment, challenges like regulatory complexities and stakeholder alignment require strategic management for successful outcomes.

Keywords: public-private partnerships; European funds; local development (search for similar items in EconPapers)
JEL-codes: H54 L32 R58 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xxiv:y:2024:i:2:p:9-16

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