Obstacles such as limited access to finance, burdensome legislation and difficulties entering new markets are hindering their progress.
EU4Business supports SMEs through improving access to finance, promoting better business regulations, improving services to business, and taking advantage of trade opportunities.
EU4Business interventions result in creating and sustaining jobs, higher SME growth and increased SME exports.
111 projects were providing support to SMEs in 2020 with a total budget of €881.56 million.
EU4Business projects and programmes are implemented by 62 partners, among them various international organizations such as the EBRD, EIB, KfW, the OECD, the World Bank, ITC, UNDP and others.