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Access to finance

Czech Republic


				Czech Republic

Summary

According to the Small Business Act (SBA) Fact Sheets, there is a need for the Czech Republic to re-inject momentum into the SME sector through new measures to support competitiveness and performance. In the Czech Republic, 50 % of businesses that closed in 2012 were over 15 years old. This negative signal is compounded by a declining trend in SMEs’ intra-EU imports and exports, which are far more significant for the country than trade with non-EU countries. In addition, the 2013 World Competitiveness Scoreboard indicated that the Czech Republic had become less competitive as a place to do business and attract foreign investment, despite its good SBA performance in terms of ‘skills & innovation’. Overall, these trends call for new momentum in the country’s implementation of the SBA. In December 2012, an SME support strategy for 2014-20 was unveiled as part of the overarching Czech Competitiveness Strategy. However, policy measures were concentrated in a few areas, such as ‘access to finance’ and ‘skills & innovation’. If the Czech Republic is to catch up with EU-average SME performance, it needs to put its overall strategy into practice and consistently and comprehensively implement the Competitiveness Strategy and the 2014-20 SME Support Concept.

Key indicators on access to finance
SMAF
SMAF gif - 20 KB [20 KB]

Czech Republic ranked 13th 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 - 32 KB [32 KB]

Source: Chart compiled using ECB data

Note: Loan volumes and interest rate 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 - 33 KB [33 KB]

Source: Chart compiled using AECM data

Download data excel12book - 48 KB [48 KB]

Venture capital
Venture capital gif - 33 KB [33 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 - 272 KB [272 KB]

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