Most of the issues European SMEs face are because of laws, rules and practices at national and regional level. Thus, the European Commission is encouraging authorities throughout the European Continent to detect and instigate effective initiatives to enhance the structure in which Small entreprises operate. This specific task includes problems like reducing the bureaucracy when starting up a traditional or web business, access to finance, and improving consultation of small entreprises when setting up trade policy that could affect them.

The EU Commission facilitates the exchange of good practices permitting national and regional authorities to target progress and learn from each other. And it looks to work – EU Member States do learn from each other’s policies and solutions.

One key factor: Improving access to finance.

According to the EU Microcredit for tiny businesses : In some EU Member States, three out of four business start-ups receive a bank loan or at least an overdraft, but in different Member States, the ratio is just one in four.

Access to applicable finance is the second largest drawback EU SME’s have to deal with. Investors and banks usually back away from financing start-ups or young Small entreprises because of the risks involved. And entrepreneurs sometimes have restricted understanding of investors’ or banks’ concerns. Consequently it becomes harder for start-ups or young Small entreprises to seek out the monetary backing they need. The European Commission is implementing a number of programmes specifically designed to improve the money environment for Small businesses in Europe. If you trade within one the twenty seven European Union countries, then ask your local Chamber of Commerce for assistance.

How could the European Union help your small business or start-up?
Since the financial markets have failed to supply SMEs with the finance they need, the European Commission has developed and funded money instruments, such as guarantees, to create it easier for Small entreprises to get loans from banks. It’s also facilitating venture capital investment in Small entreprises. The funds are allotted through money institutions like banks.

Over €744 million was provided between1998 and 2006, benefiting more than 360 000 European Small entreprises. This was increased to more than €one billion in the Commission’s Competitiveness and Innovation Framework Programme (CIP) for 2007-2013. This should enable money institutions to supply about €thirty billion of new finance to an estimated 475,000 Small entreprises in Europe – because on average, each euro spent from the EU budget should enable personal investors to supply €6 of risk capital or a bank to produce €fifty worth of loans.

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