COSME: € 2.3 billion to foster the competitiveness of SMEs over the next seven years

The European Commission welcomed today’s adoption of the programme COSME by the European Parliament.

COSME aims to ease the access to credit problems that small businesses currently face. With a € 2.3 billion-budget over the period 2014-2020 the Programme for the Competitiveness of Small and Medium-sized Enterprises (COSME) will for instance provide a guarantee facility for loans to small and medium sized enterprises (SMEs) of up to € 150 000. From now until 2020, 33…