European Commission - Enterprise and Industry

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Unleashing Europe's poten­tial through mobilising up to €25 billion of finance for SMEs Published on: 30/06/2014, Last update: 01/07/2014

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European Commission Vice President Antonio Tajani, Commissioner for Industry and Entrepreneurship, said: “It is evident that public support continues to play a crucial role in enhancing access to finance for SMEs. Indeed, the existing EU support measures have facilitated SME survival, development and success across the EU. Even more importantly, the new EU financing initiatives for SMEs will continue in the future. We expect that the new COSME financial instruments will be finalised before the summer break. This agreement is an excellent example of how the EU can support small companies to finance their investments in order to grow and create jobs.”

European Commission Vice President Antonio Tajani has announced that SMEs in Europe will soon have the opportunity to access up to €25 billion of additional finance supported by the COSME programme (the EU Programme for the Competitiveness of Enterprises and Small and Medium-sized Enterprises).

The programme will allow financial institutions throughout Europe to provide enhanced access to finance to up to 330 000 SMEs.

Press release

 

European Commission Vice President Antonio Tajani, Commissioner for Industry and Entrepreneurship, said: “It is evident that public support continues to play a crucial role in enhancing access to finance for SMEs. Indeed, the existing EU support measures have facilitated SME survival, development and success across the EU. Even more importantly, the new EU financing initiatives for SMEs will continue in the future. We expect that the new COSME financial instruments will be finalised before the summer break. This agreement is an excellent example of how the EU can support small companies to finance their investments in order to grow and create jobs.”