25/07 11:19 CET
It's not easy for aspiring European SMEs (Small and Medium Enterprises) to access the funding they need, especially in the early stages. But there are financial instruments provided by the EU at…
EU Financial instruments
- - The European Union supports entrepreneurs and businesses with a wide range of EU programmes facilitating access to loans, lease finance, guarantees and equity ﬁnancing through financial institutions.
- - By facilitating access to leasing by SMEs, EU programmes stimulate key investments and thus growth of enterprises.
- - The Competitiveness and Innovation Framework Programme (2007-2013) helped to mobilise more than €16 billion of loans and lease finance as well as €2.8 billion of venture capital to over 311,000 SMEs in Europe.
- - From 2014 to 2020, the COSME programme will help up to 330,000 European SMEs by mobilising up to €25 billion of finance.
11/07 11:18 CET
In this edition of Business Planet we see how the European Network of Renewable Energy Source Cooperatives - known as REScoop - is making it easier to meet the EU's target of 20 percent of the…
Renewable energy cooperatives and the social economy
- - Responding to climate change, the EU is planning to get 20 percent of its energy from renewable sources by 2020. This transition requires support and investment.
- - The so-called social economy can help with the transition process. In the European Union, social economy activity now represents 10 percent of the European economy (GDP), it is also six percent of the region's total employment and is growing.
- - Renewable Energy Source Cooperatives - REScoops - are intended to improve the energy market through innovation.
- - They allow people to directly participate in renewable energy projects: indeed, every REScoop member can be involved in how energy is produced and delivered.
- - There are approximately 3,000 REScoops across Europe. The REScoop.eu movement benefits from the experience of more than 400 local and regional groups and cooperatives of citizens and provides financial and technical support for new projects.
- - The emergence of new business models through the social economy was supported at the Strasbourg 2014 gathering of the European Social Business Initiative. This is an initiative aimed at creating a favourable environment for social enterprises.
27/06 11:19 CET
The Spanish economy is showing growth again, up 0.4 percent in the first and second quarter of 2014. One explanation for…
Internationalisation through clusters
- - Internationalisation is a key trend for businesses and it is very likely to increase as developing and emerging markets are expected to account for 60 percent of world GDP by 2030 (OECD). Currently, 25 percent of EU SMEs export and 13 percent of EU SMEs export outside the European Union.
- - Internationalisation is strongly linked with innovation. Almost half of internationally active firms introduced some new product or service in the past three years versus only 20 percent of non-internationally active SMEs.
- - Clusters encourage SMEs to become more innovative and international. Internationalising its members is a key priority for the FEMAC cluster. Its members have on average a 50 percent international turnover. This cluster is recognised for its management excellence.
- - The European Cluster Collaboration Platform is an open platform for all European cluster organisations willing to find partners, and develop joint activities to assist their members, especially SMEs, to go international.
13/06 11:15 CET
In this edition of Business Planet, presented by Serge Rombi, we look at the European funds available to small and medium businesses and how they are used. How do they enable SMEs to innovate and…
EU Funds for SMEs
- - Between 2007 and 2013 the Cohesion Policy Investments supported more than 70,000 start-ups and more than 250,000 jobs were created in SMEs during this period, all through investments totally close to €70 billion.
- - For the period 2014-2020, with an overall budget of more than €350 billion the new Cohesion Policy aims to improve significantly the support to SMEs, doubling its share of the budget to 140 billion.
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