Fabian Demicoli

Unleashing Europe’s potential through mobilising up to €25 billion of finance for SMEs


European Commission Vice President Antonio Tajani has
announced that SMEs in Europe will soon have the opportunity to access up to
€25 billion of additional finance supported by the COSME programme (the EU
Programme for the Competitiveness of Enterprises and Small and Medium-sized
Enterprises). The programme will allow financial institutions throughout Europe
to provide enhanced access to finance to up to 330 000 SMEs.

European Commission Vice
President Antonio Tajani, Commissioner for Industry and Entrepreneurship, said:
"It is evident that public support continues to
play a crucial role in enhancing access to finance for SMEs. Indeed, the
existing EU support measures have facilitated SME survival, development and
success across the EU. Even more importantly, the new EU financing initiatives
for SMEs will continue in the future. We expect that the new COSME financial
instruments will be finalised before the summer break. This agreement is an
excellent example of how the EU can support small companies to finance their
investments in order to grow and create jobs."

 

For the full
article please visit: http://europa.eu/rapid/press-release_IP-14-753_en.htm

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