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Saturday22 September 2018

Programme for the Competitiveness of enterprises and SMEs


The new Programme for the Competitiveness of Enterprises and Small and Medium-sized Enterprises (COSME) will run from 2014 to 2020, with a planned budget of €2.5bn (current prices). Objectives:

  • facilitating access to finance for Small and Medium-sized Enterprises (SMEs)
  • creating an environment favourable to business creation and growth
  • encouraging an entrepreneurial culture in Europe
  • increasing the sustainable competitiveness of EU companies
  • helping small businesses operate outside their home countries and improving their access to markets


 Expected results

  • easier access to finance for entrepreneurs and small businesses
  • more prominent role for self-employment and business development as important sources of growth and job creation
  • in individual EU countries: a more competitive industry, more entrepreneurs and higher employment rates.

 Main beneficiaries

  • Existing entrepreneurs (small businesses in particular) – easier access to funding for development, consolidation and growth of their business.
  • Future entrepreneurs (including young people) – assistance in setting up their own business.
  • National, regional and local authorities – tools for effectively reforming policy: reliable, EU wide data and statistics, best practice and financial support to test and scale up sustainable solutions for improving global competitiveness.

 What happens now?

The Commission's proposal will be discussed by the European Parliament and the Council, which must agree to adopt it. COSME should start on 1 January 2014

 For further information: ec.europa.eu/cip/cosme/index_en.htm

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