Navigation path

Additional tools

Access to finance for SMEs

It is not sufficient for the financial system to be stable. The key function of the financial system is to finance the “real economy”, in particular companies which need financing for investment and job-creation.

In Europe, small and medium size companies (SMEs) are the main source of economic growth and new jobs. These firms, however, often face problems finding money to finance their research, develop new products or access new markets.

It is not sufficient for the financial system to be stable. The key function of the financial system is to finance the "real economy", in particular companies which need financing for investment and job-creation.

On 7 December 2011 the Commission has adopted an Action Plan outlining the various policies that it is pursuing to make access to finance easier for Europe’s 23 million SMEs. Proposed regulatory and other measures aim at maintaining the flow of credit to SMEs and to improving their access to capital markets, by increasing the visibility to investors of SME markets and SME shares, and by reducing the regulatory and administrative burden.

The reform programme for financial services, implemented as a response to the financial crisis, includes a number of proposals that will positively stimulate the financial sector's contribution to funding the real economy and will bring about regulatory benefits to SMEs. See in particular our proposals on: