COSME aims to create more favourable conditions for the creation of businesses and growth through:
Research indicates that small and medium-sized enterprises (SMEs) are disproportionately affected by regulation, so COSME aims to lighten the administrative burden on businesses by removing unnecessary reporting and information requirements. Actions include:
Initiatives at national, regional, and local level will be launched. One of these is the European Enterprise Awards to reward the promotion of SMEs and entrepreneurship, particularly at regional and local level.
COSME will support conferences and analytical tools such as the Competitiveness Report, and compare the performance of policies across EU countries. This is done to facilitate the preparation of new EU and national legislation in respect to SMEs.