European Commission - Growth

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Commission encourages the use of EU financial instruments in Greece Published on: 27/03/2014, Last update: 26/06/2015

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The European Commission holds on March 27 in Athens an 'EU Access to Finance Day'.

Under the auspices of the Greek Presidency of the European Union, this  conference is devoted to the new generation of EU financial instruments to support small and medium-sized businesses from 2014 to 2020. The aim of today's conference is to pave the way for implementation of EU financial instruments in Greece, including instruments that will be available within the landmark Commission's initiative to support small and medium-sized enterprises - the Competitiveness of Enterprises and SMEs (COSME) programme. From 2014 to 2020, COSME will help to bridge the market gap in the provision of SME financing. It is expected that it will provide from €14 to 21 billion of SME financing in loans or investments, boosting between 220 000 and 330 000 SMEs in Europe over the lifetime of the programme.