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EU SME & Entrepreneurship Policy

EU SME & Entrepreneurship Policy. IXth International Serbian SME Congress Belgrad, 21. Nov 2009 Christian Weinberger Entrepreneurship and SME Policy Adviser. Stock Exchange Listed Large Medium Small Micro OPE. 100 % 99,97% 99,7% 98,7% 91,0% 57,0%. Why are SMEs important ?.

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EU SME & Entrepreneurship Policy

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  1. EU SME & Entrepreneurship Policy IXth International Serbian SME Congress Belgrad, 21. Nov 2009 Christian Weinberger Entrepreneurship and SME Policy Adviser

  2. Stock Exchange Listed Large Medium Small Micro OPE 100 % 99,97% 99,7% 98,7% 91,0% 57,0% Why are SMEs important ?

  3. GDP value add 58% goods and services in the EU by SMEs SMEs play a significant role

  4. SMEs provide employment

  5. SMEs create employment

  6. What is an SME ?

  7. The Crisis The financial sector Demand Real Economy Access to Finance

  8. Manufacturing Production EU27 Source : Eurostat

  9. Change in Overall Hours worked 1Q09 vs. 1Q08

  10. 12 10 8 6 4 2 0 FI SI IE CZ LT NL AT PT LU PL LV FR MT BG HU BE SK SE ES DE CY DK EE* IT*** UK** EA16 EU27 RO*** GR*** Change between July 2008 and July 2009 * June 2008-9 ** May 2008-9 *** March 2008-9 Changes in unemployment rates since July 2008 till July 2009

  11. Further action needed…

  12. The Small Business Act (SBA) • Adopted in June 2008 • 3 main objectives: • think small first • Entrepreneurship • promote SME growth • 10 principles • 93 policy initiatives + 5 legislative acts • Implementing Lisbon strategy for Growth/Jobs • All hands on deck! Commission, MS and regions

  13. The 10 SBA principles 1. Create thriving entrepreneurship environment 2. A 2nd chance for bankrupt honest entrepreneurs 3. “Think Small First” 4. Responsive public administrations 5. Public procurement + state aid 6. Access to finance + timely payments 7. Single Market opportunities 8. Upgrading of Skills and all forms of innovation 9. Environmental challenges as opportunities 10. Growth of SME markets

  14. Access to finance • Existing sources: ERDF/ESF, FP7, CIP/EIP (€2,17bn) • European Investment Bank (EIB) • €30bn for 2011/12 (loans) • €1bn for Mezzanine Finance • €1bn for mid-sized companies (loans) • €50mio for microfinance (< €25.000) (‘Jasmine’) • EIB rules: now also intangible assets fundable • Cross border mutual recognition of venture capital funds (COM report in 2009) • EU private placement regime for venture capital (COM options evaluation: end 2009) • State Aid Handbook for SMEs (Brand new! Also to be used by regional authorities) • Improved Late Payment Directive (proposal by Commission)

  15. Identification Definition Best Execution Monitoring Adoption The Best Project Cycle

  16. Best Projects • Objective: • propose concrete solutions + present examples of current policies • … that overcome specific problems faced by SMEs • … along the complete business life cycle • Method: • groups of national experts, studies, surveys • Goal: • Identify good practices and develop policy recommendations to support policy makers in Member States in developing better SME policies • Impact: • Project conclusions are followed-up: conferences to disseminate, implementation reviews, Commission Communications • When necessary, issue is further developed through subsequent project

  17. Recent Best Projects • Promotion of Entrepreneurship in the Media • Supporting the Internationalisation of SMEs • Models how to reduce the overproportional regulatory burden for SMEs • Simplification of Tax compliance procedures • Mini-companies in secondary Education • Entrepreneurship Education at Universities • Transfer of Business Market Places • Reducing the Stigma of Business Failure

  18. Current Best Projects • Education for Entrepreneurship in vocational training • Requirements for Accounting Systems for small businesses • Effects of Tax Systems on the retention of earnings • Promoting Entrepreneurship Amongst Women

  19. Special:European Enterprise Awards • Awards for public authorities that promote entrepreneurship and SMEs • Five categories: • Entrepreneurship promotion • Red tape reduction • Enterprise development • Investment in skills • Responsible and inclusive entrepreneurship • Two selection stages: national and European • Winning practices available in print and on line • Next winners to be announced in May 2009 (closing European SME Week)

  20. Enterprise Experience Programme • Hands-on experience for EU officials of the business environment of European SMEs • Support the Commission objective to improve lawmaking also by better understanding the operational environment of SMEs • Explain DG ENTR/Commission policies • Commission official going local to reach out to European citizens • 140 Officials have completed an EEP placement. • More than 200 host companies have been visited

  21. Table 1 Most visited countries Partcipants countries Not-Participants countries

  22. EU Network offering high quality services to the benefit of SMEs Organizing business cooperation across boarders Help accessing EU projects and funding Advising on EU legislation, standards and intellectual property rights Assist SMEs in raising their innovative capacities Support to going international Collecting SME feedback to legislative initiatives  The broadest range of tailored services for SMEs in the EU and beyond more than 500 regional organisations more than 6.000 experienced professionals active in 40 European countries EEN - Enterprise Europe Network

  23. Enhanced business information Multilingual For companies doing buisiness in another country Constant update Giving Practical information Access to national on-line servies Cooperation between European Commission (ENTR-DIGIT) Member States authorities Start of new Service : 4Q2008 Your Europe - Business theoretical information access to national information practical information: programmes/instruments practical information: assistance reference to legislation

  24. European Commission in cooperation with a European level Support Office (SO) over 100 intermediary organisations (IOs) at national / regional level coordination support quality matching induction Host entrepreneurs in another EU Member State New entrepreneurs 1 – 6 months stay Exchange of experiences, market access, networking, learning on the job

  25. Info & Contacts • SME Portal http://ec.europa.eu/enterprise/sme/index_en.htm • SBA http://ec.europa.eu/enterprise/entrepreneurship/sba_en.htm • Enterprise Europe Network http://www.enterprise-europe-network.ec.europa.eu/index_en.htm • Entrepreneurship http://ec.europa.eu/enterprise/sme/promoting_en.htm • Enterprise Experience Program http://ec.europa.eu/enterprise/exp_prog/index.htm • Good Practice Database http://ec.europa.eu/enterprise/enterprise_policy/charter/gp Entr-sme-envoy@ec.europa.eu Fax : +32.2.29.94143

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