The EU programme for the Competitiveness of Small and Medium-Sized Enterprises (SMEs)

The COSME programme runs from 2014-2020 with a budget of €2.3 bn. It addresses four main objectives:

  • Ease access to finance for SMEs by providing loan guarantees and risk capital (access to finance)
  • Help companies access new markets, within and outside the EU (access to markets)
  • Create a business-friendly environment by reducing the administrative burden on SMEs (improving conditions for businesses)
  • Encourage an entrepreneurial culture (encouraging entrepreneurship)

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