Facilitating SME’s access to stock markets
Vice-President Tajani chaired the second high-level meeting of the SME Finance Forum with representatives of the financial sector and business organisations. He announced an action plan for improving SMEs’ access to finance, including access to venture capital, by the end of this year. The action plan intends to strengthen the European financial instruments targeting SMEs and includes a legislative regime that allows venture capital funds to operate easily across borders by 2012.
In addition, Vice-President Tajani discussed with the Hungarian Minister for National Economy Zoltàn Cséfalvay and the CEO of the London Stock Exchange, Mr Xavier Rolet, how to facilitate SMEs’ access to finance for SMEs. The Commission would like the Member States to join in with its efforts to make access to finance easier for SMEs. Banks and SME associations are encouraged to take actions to improve SMEs’ financial knowledge.