The Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs (DG GROW) is adapting its organisational structure to help Europe’s industrial ecosystems recover more effectively from the COVID-crisis and to achieve the EU's digital and green goals.
The survey shows how SME financing conditions were affected by the spread of the coronavirus (COVID-19) pandemic across Europe and indicates the associated disruption in the business activity of many companies. The survey provides key insights into the sources and magnitude of the inflationary pressures perceived by EU SMEs.
A new episode of Business Planet looks at ESCALAR - a brand new European funding model for entrepreneurs, something which can be particularly useful in the context of the coronavirus pandemic
Today, the Commission is launching ESCALAR, a new investment approach, developed together with the European Investment Fund (EIF), that will support venture capital and growth financing for promising companies, enabling them to scale up in Europe and help reinforce Europe’s economic and technological sovereignty. It will provide up to €300 million aiming to increase the investment capacity of venture capital and private equity funds, triggering investments of up to €1.2 billion, or four times the original investment, to support promising companies.
The European Commission has unlocked €1 billion from the European Fund for Strategic Investments (EFSI) that will serve as a guarantee to the European Investment Fund (EIF), part of the European Investment Bank Group. This will allow the EIF to issue special guarantees to incentivise banks and other lenders to provide liquidity to at least 100,000 European SMEs and small mid-cap companies hit by the economic impact of the coronavirus pandemic, for an estimated available financing of €8 billion.
Sharing ideas and good practice is essential to ensure access to finance in the digital economy.
SMEs and organisations received awards in 5 categories at the 7th European Small and Mid-Cap Awards held in Brussels on 12 November 2019. The awards promote best practices and highlight the best European small and mid-sized companies that accessed capital markets via an initial public offering (IPO). They showcase the diversity of European markets and aim at promoting stock listings, targeting SMEs and growth companies.
EU Open for business is hosting the last info day this year on 16 October in Stuttgart, Germany. Kristin Schreiber, Director for SME policy and the COSME programme at the Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs and Dr. Nicole Hoffmeister-Kraut, Ministry of Economy, Labour and Housing of the state of Baden-Württemberg will open the event. It welcomes more than 80 regional stakeholders (chambers of commerce, banks, local authorities, business development agencies, research institutes etc).
The European Commission has published 'EU financing for small and medium-sized enterprises: Real benefit for businesses'.
The European Commission organised a Showcase Conference on Tourism that took place in Brussels on 19 March 2019.
To mark the 10th anniversary of the Erasmus for Young Entrepreneurs (EYE) programme, two participating entrepreneurs have been awarded the title of 'Entrepreneur of the Decade' at an event that took place yesterday in Brussels. Nelly Davtyan from Armenia was selected as the 'new entrepreneur of the decade' and Ioannis Polychronakis from Greece was selected as the 'host entrepreneur of the decade.'
Starting a business can be a daunting task, but a new business concept being introduced in France may prove highly effective for budding entrepreneurs. It has already created hundreds of jobs across the country. The latest episode of Business Planet looks at inclusive micro-franchise.
The overall objective of this call is to assist European SMEs to develop, further expand or improve their international business by creating SME networks to exploit foreign markets for export purposes.
