Driven by the Europe 2020 Strategy, European Commission prepared the Entrepreneur 2020 Action Plan. One of the key area is focused on “A BETTER ACCESS TO FINANCE”. Without adequate funding and without liquidity, no business can operate, invest and grow.
European Commission supports and promotes SMEs as one of the main force in EU economy. There are several EU programmes that open up finance options for business:
- Public Grants and Funding*: The Commission makes direct financial contributions in the form of grants in support of projects or organisations which further the interests of the EU or contribute to the implementation of an EU programme or policy. Interested parties can apply by responding to calls for proposals.
- European Structural & Investment Funds (ESIFs)*: With a budget of €454 billion for 2014-20, the European structural and investment funds (ESIFs) are the European Union’s main investment policy tool.
- EU-backed small business loans*: Support for entrepreneurs and business is available through a wide range of EU programmes, via local financial institutions.
- Erasmus for young entrepreneurs*: It is a cross-border exchange program which gives new or aspiring entrepreneurs the chance to learn from experienced entrepreneurs running small businesses in other Participating Countries.
- European microfinance*: Microfinance offers people excluded from formal financial services the opportunity to obtain microloans in order to generate income and engage in productive activities, often by expanding their small businesses. “Microfinance’s mission is to provide basic financial services to poor people”.
- Your Europe – Access to Finance*
This site helps entrepreneurs to apply for loans and venture capital supported by the European Union according to each country.
Commission works together with local, regional or national authorities, or through financial institutions, in order to promote financing to SMEs by stimulating the provision of loans and venture capitals. These are the institutions that provide funding, more than 1000 intermediaries all over European countries that you can search on Access2finance map.
In Access to finance platform by UE, it is possible to apply for loans and venture capital supported by the European Union. These EU financing are provided by the local financial institutions, more than 1000 intermediaries all over European countries that you can search on Access2finance map.
- COSME PROGRAMME
- INNOVFIN PROGRAMME (HORIZON 2020)
- CREATIVE EUROPE
- PROGRAMME FOR EMPLOYMENT AND SOCIAL INNOVATION (EaSI)
- EUROPEAN STRUCTURAL AND INVESTMENT FUNDS (ESI funds)
- EUROPEAN INVESTMENT BANK and EUROPEAN INVESTMENT FUND