COSME: il nuovo programma a supporto della competitività delle PMI

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1 COSME: il nuovo programma a supporto della competitività delle PMI 14 January 2014 Joanna Drake Director, SMEs & Entrepreneurship Directorate General for Enterprise and Industry 1

2 COSME: Programme for the Competitiveness of Enterprises and SMEs What is COSME aiming at? Improving access to finance Improving access to markets Improving the framework conditions of EU businesses Promoting entrepreneurship Budget: 2.3 billion for

3 1. Improving access to finance Budget allocated ca. 1.4 billion _

4 SMEs problems with bank loans Constantly about one third of SMEs who applied for a loan did not get the finance they had planned for SME finance trends Rejected loan applications Interest rates (new loans 0.25m) 2013 H1 Nov 2013 EU avg 13% 3.76% France 13% 2.11% Germany 3% 3.68% Greece 31% 7.12% GDP Forecast Euro area -0.4% 1.1% Europe 0% 1.4% France 0.2% 0.9% Germany 0.5% 1.7% Italy -1.8% 0.7% Spain -1.3% 0.5% Italy 16% 4.88% Spain 15% 5.22% 4

5 Objective 1: Improving access to finance COSME will provide: Horizon will provide: A debt facility (to provide guarantees to cover loans for SMEs with a particular focus on financing of SMEs up to ) A debt facility (to provide guarantees to cover loans for SMEs and small midcaps with a particular focus on financing RDI driven businesses > ) An equity facility (to invest in SMEs predominately at the growth & expansion stage) An equity facility (to invest in SMEs predominately at the startup & early stage) 5

6 COSME will build on the success of CIP With a budget of 1.1 billion EUR for financial instruments, the CIP has mobilised so far: 14 billion of loans for SMEs 2.3 billion of venture capital for SMEs More than 240,000 SMEs have been helped to access finance, incl: EU finance in Italy (2007-present): CIP helped to mobilise almost 2 billion of loans for SMEs in Italy EIB helped to mobilise credit lines of almost 20 billion to SMEs in Italy 6

7 Zero burocrazia per le PMI: si rivolgono direttamente a banche e fondi di capitali a rischio

8 access2eufinance.ec.europa.eu

9 access2eufinance.ec.europa.eu

10

11 _ 2. Improving access to markets Budget allocated ca. 500 million

12 Objective 2: Improving access to markets One-stop-shop for SMEs: Enterprise Europe Network The current Network provides advice and support to help SMEs do business in Europe and beyond: 600 business support organisations in 53 countries Information and advice on EU funding programmes, EU legislation and other matters related to doing business in other European countries Facilitating cross-border business cooperation, R&D and technology transfer Help businesses to take advantage of opportunities to do business on international markets beyond the European Union, in particular via partnership services. The Business Cooperation Centres in the Network based in non EU countries, play a key role in this area. + Feedback to Commission services on EU legislation 12

13 Current Enterprise Europe Network in Italy 13

14 Enterprise Europe Network Snapshot - One of many success stories in Italy One hot summer day, Italian metalworker Fabio Benetti dreamed up the idea of a bottle that can be turned upside down to serve as a glass. The Enterprise Europe Network helped the Italian entrepreneur turn his lightbulb moment into a marketable innovation 14

15 Future Enterprise Europe Network Mid-January: Publication of call for future network February: Information day End 2014: Completion of evaluation procedure for future EEN Service areas Advice, support & information services for SMEs Cross-border business and technology partnership services SME Feedback activities Services to enhance SMEs' innovation management capacities (Horizon 2020)* Thematic scope of services EU programmes, legislation Advice related to partner search & helping SMEs do business in Europe & beyond Support to enhance SMEs' management capacities (includes innovation support services) Improve financial knowledge of SMEs (funding opportunities, access to finance, coaching/ mentoring) Increase SMEs' access to energy efficiency, climate & environmental expertise; 15

16 COSME builds on CIP success so far Enterprise Europe Network Total impact on sales growth: 625 million EUR (220,000 EUR per company) More than 4,400 jobs created between 2008 and 2012 More than 9,000 concluded cross-border partnership agreements The China IPR SME Helpdesk provides training for European SMEs on how to protect their IP when doing business in China. So far, it offered over 400 private confidential consultations. As a result of Helpdesk advice, 30 % of the users took a specific course of action (e.g. retaining lawyers, registering trademarks, undertaking administrative enforcement). 16

17 _ 3. Improving framework conditions Budget allocated ca. 260 million

18 Objective 3: Improving framework conditions Reducing administrative burden Supporting smart regulation: SME test, Competitiveness proofing, Fitness checks Strengthening coordination of Member States industrial and SME policies Reinforcing the use of the 'Think Small First' principle 18

19 CIP successes so far By early 2012, the Commission had proposed measures that reduce administrative burdens by approximately 33 %. The Council and European Parliament have so far adopted some of these measures, amounting to a reduction of almost 25 %. The measures proposed by the Commission to date could lead to savings of more than 40 billion EUR. 19

20 4. Promoting entrepreneurship and entrepreneurial culture Budget allocated ca. 58 million_

21 Objective 4: Promoting entrepreneurship Developing and promoting skills and attitudes Promoting entrepreneurial education and self-employment at school and University e.g. through best practice exchange (Guide for educators) Workshops and exchanges of best practices (European Network of Mentors for Women Entrepreneurs) Supporting entrepreneurs' mobility across Europe to develop and practice know-how, skills, attitudes, management, technological capacity (Erasmus for Young Entrepreneurs exchange programme) Awareness raising activities (European SME Week) 21

22 Promoting Entrepreneurship Snapshot - One of many success stories EU Network of Female Entrepreneurship Ambassadors: Active in 22 CIP countries. As a result of the first wave of Ambassadors in 10 countries, 210 new women-led companies have been started. Mobility: 2,000 exchanges (7,000 entrepreneurs registered) launched under Erasmus for Young Entrepreneurs Trainings: Projects preparing teachers to introduce entrepreneurship education into the classroom with 45 countries participating in In the Netherlands, following measures taken by the government to promote the teaching of entrepreneurship in schools, the number of students in secondary education who say they want to be an entrepreneur has risen from 13 % to 23 %. 22

23 Thank you for your attention! Find out more:

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