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Small and medium-sized enterprises

EU gives top priority to helping SMEs create jobs through financial support

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Small and medium-sized enterprises (SMEs) are Europe’s job engine. Today, 85% of net new jobs in the EU’s private sector are created by SMEs. Thus, the EU has developed a number of concrete actions to promote a better economic environment for the 21 million SMEs in the EU, and support their efforts for creating new jobs.

With its risk capital for innovative and high-growth SMEs initiative, the Commission has also provided more than €2.2 billion in equity investments to some 250 innovative and high-growth companies.

The new financial programming period foresees extended financial support through a specific programme dedicated to small companies (COSME), which will run from 2014 to 2020, with a planned budget of €2.5bn. In addition, funding for SMEs under the research programme HORIZON 2020 will be increased.

Access to finance: http://ec.europa.eu/enterprise/policies/finance/index_en.htm

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