BACKGROUND

BACKGROUND

Will the more than 25 Billion Euros for SMEs of the EIB and in the new EU-structural funds 2014-20 ever reach the European SMEs? Which bottlenecks should be improved (legal framework, red tape, commercial banking system) and which creative solutions can help to make it possible?

In the actual economic crisis we can only return to growth and job creation, if European SMEs get urgently better access to finance.

After experiencing repeatedly difficulties of SME to access the EU’s financial tools that were thought to overcome the limits of the banking system in granting adequate finance to them, CEA-PME wants now to catalyse the use of the new “off-the-shelf” (EIB) as well as goal-oriented financial instruments, as the E.C. put in place with COSME and HORIZON 2020 programs (ref. e.g. “loan guarantee facility”), or SME-credit-easing measures like the Targeted longer-term refinancing operations (TLTROs) by the ECB.