The new Programme for the Competitiveness of Enterprises and Small and Medium-sized Enterprises (COSME) will run from 2014 to 2020, with a planned budget of €2.5bn (current prices). The Objectives are: -facilitating access to finance for Small and Medium-sized Enterprises (SMEs); -creating an environment favourable to business creation and growth; -encouraging an entrepreneurial culture in Europe; -increasing the sustainable competitiveness of EU companies and -helping small businesses operate outside their home countries and improving their access to markets.