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Helping UK SMEs access finance
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Published on 15-06-12

SMEs can now feel more confident when contacting one of the 600 Enterprise European Network partners for the best advice on access to finance, following a European-wide training campaign of staff launched by the Commission.  This, together with a new guide providing key information of more than 120 national and regional financing programmes - worth some 50bn euro (£40bn) - is hoped will help tackle some of the obstacles which hinder would-be entrepreneurs setting up their own business.

    Helping UK SMEs access finance

    The announcement was made as UK SME envoy Adam Jackson, Director of Enterprise at the Department of Business, Innovation & Skills, joined his EU counterparts and Vice-President Tajani in Malta at the 4th annual meeting of European SME envoys.  Discussions in the main focused on possible elements of an entrepreneurship action plan to address obstacles people face when setting up their own business. The plan is expected to be finalised after the summer. 

    European Commission Vice President Antonio Tajani, responsible for enterprise and industry policies, said today: "If we want to stimulate growth in Europe, it is from our SMEs that we must start. Entrepreneurial potential in Europe is not fully exploited: 45% of all Europeans would like to become their own boss if they could, but only an average of 10% are actually self-employed today. If we could raise this percentage, we could have millions of new innovative and creative enterprises which would rejuvenate Europe’s economic basis, make it more robust, more job-generating and more resilient to stormy economic".

    Find your local Enterprise Europe Network contact here.

    To access EU financial instruments, please visit the website of the European Investment Fund to locate banks or venture capital funds that provide finance in your country.

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    Background

    The network of SME envoys was created to promote SME interests, in particular throughout government bodies, as they traditionally found it difficult to get their views across to policy-makers.

    Brochure: What the EU does for SMEs

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    Last update: 19/06/2012  |Top