SME Competitiveness Programme in the Eastern Partnership
The programme will support SMEs through dedicated bank financing for capital expenditure investments, investment grants in relation to such investment, and expertise.
During the coronavirus (COVID-19) pandemic in 2020, the EU repurposed this project to address the challenges MSMEs are facing during this pandemic.
The Programme is temporarily split into two parts:
- Temporary support to MSMEs who need working capital in local currency, to face the liquidity and cash flow crisis they are facing.
- Maintain the original purpose of the programme in supporting MSMEs in complying with EU standards (product quality, service delivery, environmental standards) and deepening the impact of the Deep and Comprehensive Free Trade Area (DCFTA) and other trade agreements.