Fabian Demicoli

Vote on funding programmes for SMEs:Horizon 2020 and COSME


Parliament's committee on Industry,
Research and Energy (ITRE) voted on two major instruments to help SMEs achieve
better access to finance and improve their business environment. MEPs came to a
compromise on their negotiating mandate for the Horizon 2020 package, the
research and innovation programme for 2014-2020.

This new programme recognises
the key role that SMEs play in boosting growth and jobs creation and will allow
them to benefit from less bureaucracy and targeted measures to increase their
innovation capacities.

COSME (the programme for the
Competitiveness of Enterprises and SMEs) was also adopted in ITRE which will
result in increased support for SMEs to boost their funding opportunities and
competitiveness by fostering a more entrepreneurial mind-set at European level
and increased market access for small businesses operating outside their home
countries. Originally, the programme carried a projected budget of €2.6
billion, however, the ITRE Committee called for a significant increase of the
allocated funds. COSME's final budget is subjected to the negotiations on the
EU's next Multi-annual Financial Framework.

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