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Access to finance

Austria


				Austria

Summary

According to information from the Small Business Act (SBA) Fact Sheets 2013 Austrian SMEs are doing well. Austria is one of the few countries in the EU where the SME sector managed to expand during the crisis. For example, it is estimated that Austrian SMEs created a net 39 000 additional jobs (a 2.2 % increase) between 2008 and 2012. This growth is a remarkable achievement against the background of the most serious economic crisis in decades. The sector managed to withstand the crisis through a combination of innovation and international exposure, most notably within the single market. Austria provides a favourable business environments for SMEs, with particular strengths in the SBA areas of ‘think small first’, ‘state aid & public procurement’, ‘skills & innovation’ and ‘environment’. The areas that saw most progress in 2012 and the first quarter of 2013 were ‘entrepreneurship’, ‘skills & innovation’, ‘responsive administration’ and ‘access to finance’. There is, however, still room for improvement in some areas. Notwithstanding recent measures, more efforts on ‘responsive administration’ would be desirable, e.g. to facilitate the setting-up of new businesses. One emerging issue which needs to be tackled is a shortage of skilled personnel in some industries. Also, despite the relatively good performance on ‘access to finance’, further measures are needed to improve SMEs’ access to capital, particularly venture capital and crowdfunding.

Key indicators on access to finance
SMAF
SMAF gif - 19 KB [19 KB]

Austria ranked 3rd out of 27 countries in the 2012 SMAF Index.

For details on SMAF index and methodology please click here.

Download data excel12book - 593 KB [593 KB]

Loans
Loans gif - 38 KB [38 KB]

Source: Chart compiled using ECB data
Note: Loan volumes and interest data for 2013 are to the period September 2013 only (due to data availability as at November 2013).

Download data excel12book - 69 KB [69 KB]

Guarantees
Guarantees gif - 37 KB [37 KB]

Source: Chart compiled using AECM data

Download data excel12book - 48 KB [48 KB]

Venture capital
Venture capital gif - 40 KB [40 KB]

Source: Chart compiled using EVCA data

Download data excel12book - 69 KB [69 KB]

Business angels finance
Business angels finance gif - 23 KB [23 KB]

Source: Chart compiled using EBAN data (*comparable data for 2011 were not accessible)

Download data excel12book - 29 KB [29 KB]

 

Appendix: ACTIONS SUPPORTING ACCESS TO FINANCE FOR SMEs (PDF) pdf - 422 KB [422 KB]  

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