Arab Today, arab today program to mobilise up to €25bn of finance for smes
Last Updated : GMT 21:34:07
Arab Today, arab today
Arab Today, arab today

Program to mobilise up to €25bn of finance for SMEs

Arab Today, arab today

Arab Today, arab today Program to mobilise up to €25bn of finance for SMEs

Finance for SMEs
Brussels - XINHUA

A new program will grant SMEs in Europe the opportunity to access up to 25 billion euros (34 billion U.S. dollars) of additional finance, European Union (EU) announced in a statement Monday.
The EU Program for the Competitiveness of Enterprises and Small and Medium-sized Enterprises (COSME) will allow financial institutions throughout Europe to provide enhanced access to finance to SMEs.
The COSME program builds on the success of its predecessor, the Competitiveness and Innovation Framework Program (2007-2013), which helped to mobilize more than 16 billion euros of loans and 2.8 billion euros of venture capital to over 311,000 SMEs in Europe.
European Commission Vice President Antonio Tajani, Commissioner for Industry and Entrepreneurship, expected that the new COSME financial instruments would be finalized before the summer break.
He said in an interview in September last year public support continues to play a crucial role in enhancing access to finance for SMEs, as SMEs with 10 or fewer employees is the category that has the most difficulties getting a loan.
The COSME program is set to run from 2014 to 2020.
It is expected that by 2020, around 344,000 firms will receive loans backed by COSME guarantees, with the value of lending reaching 22 billion euros.
In addition, thanks to COMSE's investments in venture capital funds supporting fast-growing SMEs, 560 firms will receive venture capital investment with the overall volume invested reaching 4 billion euros. (1 euro = 1.37 U.S. dollars)

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today program to mobilise up to €25bn of finance for smes Arab Today, arab today program to mobilise up to €25bn of finance for smes

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today program to mobilise up to €25bn of finance for smes Arab Today, arab today program to mobilise up to €25bn of finance for smes

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday