Small and Medium-sized Enterprises (SMEs) are the backbone of Europe’s economy, providing 85 % of all new jobs. The European Commission aims to promote entrepreneurship and improve the business environment for SMEs, to allow them to realise their full potential in today’s global economy.
COSME is the EU programme for the Competitiveness of Enterprises and SMEs, running from 2014 to 2020, with a budget of €2.3billion. COSME will support SMEs in the following areas:
• Facilitating access to finance
• Supporting internationalisation and access to markets
• Creating an environment favourable to competitiveness
• Encouraging an entrepreneurial culture
COSME is a programme implementing the Small Business Act (SBA) which reflects the Commission’s political will to recognise the central role of SMEs in the EU economy.
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