enterprise directorate general european commission european union activities in favour of smes...
Post on 26-Dec-2015
222 Views
Preview:
TRANSCRIPT
Enterprise Directorate General
European Commission
European UnionActivities in Favour of SMEs
Budapest, February 20, 2004
Dr. Timo Summa
Director
Enterprise Directorate-General
European Commission
Enterprise Directorate General
European Commission
SMEs in Europe
• 20 million SMEs in Europe 2/3 of total employment average size : 6 persons
• SMEs central to Political Objectives : Lisbon goal Charter for small businesses Open method of co-ordination « Think small first » and « SME Envoy »
Role of the European Commission
Enterprise Directorate General
European Commission
Role of the European Commission
• Coordinate Member State actions Enterprise Policy Scoreboard Implementation of the Charter for Small
Enterprises BEST Projects
• Elaborate an entrepreneurship policy: Green Paper (January 2003) Action Plan (February 2004)
• Provide support to SMEs financial instruments through other EU policies
Enterprise Directorate General
European Commission
Enterprise Policy Main ActivitiesEnterprise Policy Main Activities
REGULATORY FRAMEWORKREGULATORY FRAMEWORK
Action Plan on Regulatory Environment(2002)
COMPETITIVENESSCOMPETITIVENESS
Competitiveness Report (annual), specific issues: Manufacturing industry (2001) ICT (2001) Biotechnology (2001) Services (2002) Competition (2002) Sustainable development (2002)
ENTREPRENEURSHIP & INNOVATIONENTREPRENEURSHIP & INNOVATION
Charter on small enterprises
Scoreboards
Benchmarking
Lessred tape
ImpactAssessment
Entrepreneurship Green Paper/Action Plan
Innovation (annual) Enterprise Policy (annual)
Minimum standards for consultation
Communication on impact assessment
DG Enterprise main functions
Enterprise Directorate General
European Commission
Objectives of 2001-2005 Multi-Annual Programme for SMEs
• Promote entrepreneurship
• Enhance growth and competitiveness
• Improve administrative and regulatory environment
• Improve financial environment
• Facilitate access to Community support services and networks
DG Enterprise main functions
Enterprise Directorate General
European Commission
Directorate B focus to support SMEs
• Euro Info Centres network• Innovation Relay Centres• Financial instruments • Crafts• Women entrepreneurs• Ethnic minority entrepreneurs• Co-operatives, social economy• Database SMIE database : good practice
database• SME Envoy
Enterprise Directorate General
European Commission
Euro Info Centres
• > 300 EICs in 39 countries: European Union, Norway, Iceland, CEECs and the Mediterranean
• Information, advice and assistance to SMEs
• Provide feed-back to the Commission
• Network effect
Directorate B focus to support SMEs
Enterprise Directorate General
European Commission
SME Envoy : mission
OUTSIDE the Commission• Regular dialogue with SMEs and their
representatives, both at national and European level
• Inform SMEs and gather their feedback on EU legislation, programmes and policies
• Active use of Euro Info Centres
Directorate B focus to support SMEs
Enterprise Directorate General
European Commission
SME Envoy : mission (II)
INSIDE the Commission• « Watchdog function » to monitor
policies affecting SMEs
• Highlight SME concerns to relevant Commission services
• Coordination role to increase awareness of SME specific interests
Directorate B focus to support SMEs
Enterprise Directorate General
European Commission
Policy areas mentioned by respondents
A) Continued efforts needed
Administration and regulation
Access to finance
Support and training services
Innovation
Facilitating transfer of businesses
Entrepreneurship education
Attitudes towards risk-taking and failure
European agenda for European agenda for EntrepreneurshipEntrepreneurship
Enterprise Directorate General
European Commission
Policy areas mentioned by respondents
B) More efforts needed
Social security for entrepreneurs
Public procurement
State aids
Taxation
Labour law complexity and inflexibility
Internationalisation
The regional dimension
European agenda for European agenda for EntrepreneurshipEntrepreneurship
Enterprise Directorate General
European Commission
Five key areas for action
1. Fuelling entrepreneurial mindsets
2. Encouraging more people to become entrepreneurs
3. Gearing entrepreneurs for growth and competitiveness
4. Improving the flow of finance
5. Creating a more SME-friendly regulatory and administrative framework
The Entrepreneurship Action The Entrepreneurship Action PlanPlan
European agenda for EntrepreneurshipEuropean agenda for Entrepreneurship
Enterprise Directorate General
European Commission
Key actions 2004-2005 (1)
1. Fostering entrepreneurial mindsets among young people
Exchange of best practice Commission Communication with key success factors / recommendationsWork jointly with DG EAC to promote Entrepreneurship Education
2. Reducing the stigma of failurePrepare material for information campaigns Verify progress on improving bankruptcy lawsConference to disseminate findings of the recent project
3. Facilitating business transfersStudy on cost of company deathsFoster development of business transfer market placesCommunication with further recommendations
The Entrepreneurship Action The Entrepreneurship Action PlanPlan
Enterprise Directorate General
European Commission
Key actions 2004-2005 (2)
4. Reviewing social security schemes for entrepreneursIdentify influence of social sec. schemes on entrepreneurship driveGood practices brochureInvestigate appropriateness of possible regulatory measure
5. Providing tailor-made support for women and ethnic minorities
Study on support for young entrepreneursSet up network on good practice exchange on access to finance European conference on support services for these groups
6. Supporting businesses in developing inter-enterprise relations
Support partnering events bringing together various stakeholdersDevelop administrative support/IT tools to assist BICs, EICs & IRCsExtend innovative regions program
The Entrepreneurship Action The Entrepreneurship Action PlanPlan
Enterprise Directorate General
European Commission
Key actions 2004-2005 (3)
7. Creating more equity and stronger balance sheets in firms
Evaluate current financial instrumentsPublish info on business angels marketInvestigate tax disincentives to stronger balance sheetsReview/simplify state aid rules to SMES
8. Listening to SMEsBest project report with state of play/good practices/reference modelEstablish early-warning system for SME policy mattersImprove the IPM exploitation mechanism
9. Reducing the complexity of complying with tax lawsLaunch a pilot scheme to apply ‘Home State Taxation’Set up one stop shop mechanism for VAT registration across MS
The Entrepreneurship Action The Entrepreneurship Action PlanPlan
Enterprise Directorate General
European Commission
Possible key actions 2006 and beyond
Conducting entrepreneurship campaigns
Fostering the creation of more fast-growing enterprises (gazelles)
Promoting entrepreneurship in social sectors
Enabling micro-enterprises to recruit by reducing the complexity of regulations
Facilitating SMEs’ access to public markets
The Entrepreneurship Action The Entrepreneurship Action PlanPlan
Enterprise Directorate General
European Commission
The Charter for Small EnterprisesThe Charter for Small Enterprises
Periodic reports on Member States and Commission actions in favour of small businesses (focusing on priority actions)
Priorities 2003
listening to and consulting small businesses
innovation and technology transfer
access to finance (particularly venture capital and micro loans)
Priorities 2004 to be fixed by February 2004
Equipping small businesses to take full advantage of the knowledge-based
economy
Enterprise Directorate General
European Commission
The Best Project CycleThe Best Project Cycle
Best
Identification Definition
Execution
Adoption
Monitoring
Enterprise Directorate General
European Commission
Examples of BEST Projects • Training for Entrepreneurship• Benchmarking the administration of start-
ups & the management of incubators• Business Angels network• Top-class business support services• Transfer of business• Entrepreneurship amongst women• Skill shortage in ICTs• Restructuring, Bankruptcy and Fresh start
Enterprise Directorate General
European Commission
Financial instruments: MAP
• Financial instruments 2001-2005 Total funding € 317m Managed by the EIF Using national financial intermediaries
• Three windows ETF Start-up: venture capital investments SME guarantee facilities Seed Capital Action: support for seed
funds
Enterprise Directorate General
European Commission
Financial instruments: ETF Start-up
• Investments in VC funds and incubators Currently Member States and EFTA Seed funds, small funds, regional funds,
focused funds. Target SMEs less than 5 yrs old Funds should be commercially oriented Private funding should be at least 50 % EIF investment normally 10 to 25 % At most € 10 m Usually for 5 to 12 years
Enterprise Directorate General
European Commission
Financial instruments:SME Guarantee Facility 1
• Equity guarantees Using financial intermediaries Existing equity guarantee portfolios EIF cover limited to €0.5m per SME EIF risk additional to the normal risk of
the institution EIF cover rate negotiated individually
(max. 50%), with a total loss cap Guarantees up to 10 years
Enterprise Directorate General
European Commission
Financial instruments:SME Guarantee Facility 2
• ICT loan guarantees Financial intermediaries Information technology and training
investments of SMEs which have up to 100 employees
Medium-term loans (longer than 18 mths) Risk sharing EIF / intermediary EIF guarantee rate up to 75 % of the
intermediary’s commitment, capped Guarantees for up to 10 years
Enterprise Directorate General
European Commission
Financial instruments:SME Guarantee Facility 3
• Loan guarantees Through financial intermediaries For SMEs with growth potential, with up
to 100 employees For investments, including intangibles Medium / long-term loans (over 18 mths) EIF guarantee rate up to 50 % of the
intermediary’s commitment, with cap
Enterprise Directorate General
European Commission
Financial instruments:SME Guarantee Facility 4
• Microloan guarantees Financial intermediaries For SMEs up to 10 employees Particularly for start-ups Loans up to € 25 000 Also overhead support for intermediaries
up to € 200 per loan guaranteed. EIF guarantee rate up to 75 % of the
intermediary’s commitment Guarantees up to 5 years
Enterprise Directorate General
European Commission
Financial instruments:Seed Capital Action
• Support for seed funds and incubators For those in which EIF participates Grants to cover part of management
costs € 100 000 per new staff member, at
most € 300 000 or 5% of capital allocated for seed investments
Enterprise Directorate General
European Commission
Financial instruments: other actions
• Developing risk capital markets Risk Capital Action plan Best practices on business angels
• Banks and SMEs Round tables supporting dialogue
• Framework conditions Eg. effects of Basel II
• European Investment Bank (through intermediaries) “Global Loans” Venture Capital
Enterprise Directorate General
European Commission
Other EU programmes and policies on SMEs
• Information Society programs: e-EUROPE, GO-DIGITAL
• 6th framework Programme for Research & Development 2002-2006
• Education and training: LEONARDO
• Environment: LIFE III
• Intelligent Energy programme
• External relations and international cooperation: AL INVEST, ASIA INVEST, GATEWAY TO JAPAN
Enterprise Directorate General
European Commission
Better regulationAction Plan for simplifying and improving regulatory environment
Reduce the volume of legislation Integrated method of impact
assessment Better transposition and application of
EU legislation in Member States Principles and Minimum standards for
consultation Commission internal legislative network
Other EU programmes and policies on SMEs
Enterprise Directorate General
European Commission
Structural Funds
• ERDF, EAGGF Structural funds (nationally managed), Cohesion Fund
• ESF : entrepreuneurial skills, technology transfers
• INTERREG - URBAN – LEADER -EQUAL• Venture capital, guarantees• € 213 billion for 2000/2006• Regional innovation measures
Other EU programmes and policies on SMEs
Enterprise Directorate General
European Commission
Structural Funds (II)• 350 programmes, 100 000 projects
every year• Programme management and project
selection at national level• Regulation on eligible expenditures
http://europa.eu.int/comm/regional_policy/sources/docoffic/official/regulation/reglem_dep_en.htm
• List of managing authoritieshttp://europa.eu.int/comm/regional_policy/manage/authority/authority_en.cfm
Other EU programmes and policies on SMEs
Enterprise Directorate General
European Commission
Research and Development• SME Programme
Explanatory awards Cooperative research
• Innovation Cordis (www.cordis.lu) Gate2Growth (www.gate2growth.com)
National Contact Points Eur. Commission info Desks
Other EU programmes and policies on SMEs
Enterprise Directorate General
European Commission
Innovation and Technology Transfer
• Innovation policy
• Gate2Growth : business plan assistance & project-investor matching (www.Gate2Growth.com)
• Networks Innovation Relay Centers : 68 IRCs to
promote technology transfer ‘Innovating Regions in Europe’ network
• CORDIS (www.cordis.lu)
Other EU programmes and policies on SMEs
Enterprise Directorate General
European Commission
Contacts•Web site: http://europa.eu.int/comm/enterprise
•Euro Info Centres: http://europa.eu.int/comm/enterprise/networks/eic/eic.html•Support measures database:
http://europa.eu.int/comm/enterprise/smie/index.htm•SME Envoy:
entr-sme-envoy@cec.eu.int
Fax : +32.2.299.41.43
top related