Small companies and mid-caps are a key a part of the worldwide financial system. They create jobs and drive financial improvement and innovation. Europe’s 23 million smaller companies characterize 99% of all companies and supply round three-quarters of all jobs.
There are numerous small- and medium-sized enterprises (SMEs) with recent concepts, compelling new services or products and high-growth potential. Nevertheless, they usually have issue discovering financing. The European Union fosters entrepreneurship, encourages the creation of latest firms and helps small companies develop, and it’s significantly dedicated to creating it simpler for Europe’s revolutionary corporations to get entry to finance.
> Obtain “EIB Small and medium enterprises Overview 2020” for extra particulars concerning the EIB Group’s actions and partnerships within the sector, together with key initiatives.