EU- Israel SME Dialogue

EU SME Policy - update

26 June 2014Tel Aviv

The EU SME policy

• Subsidiarity• EU action with added value• EU has competency to improve the situation

of SMEs.

The EU SME Policy

SME policy

Competitionpolicy

Internal Market

Tradepolicy

Regional policy

SocialPolicy

EnvironmentalPolicy

Fiscalpolicy

Consumer & healthprotection policies

R&DEducation

Policy

SBA Governance

Network of SME Envoys

SME Assembly

SME Performance

Review

COSME and HORIZON

COSME will provide:

• A debt facility (to provide guarantees to cover loans for SMEs with a particular focus on financing of SMEs up to €150.000)

• An equity facility (to invest in SMEs predominately at the growth & expansion stage)

5

Horizon will provide:

• A debt facility (to provide guarantees to cover loans for SMEs and small midcaps with a particular focus on financing RDI driven businesses >€150.000)

• An equity facility (to invest in SMEs predominately at the startup & early stage)

6

Improving framework conditions

• Reducing administrative burden • Supporting smart regulation: • Fitness checks• Registration time for a company• Entrepreneurship Action Plan• Erasmus for Young Entrepreneurs• Mentor's networks• Outreach: SME Assembly

SME Test's 4 steps

1. Consultation of SME representatives2. Assesment of businesses likely to be

affected (by size class)3. Measurement of impact on SMEs4. Alternative options and mitigating

measures.

Examples

• Late payment directive

• Revision of the tachograph legislation

• The Waste Electrical and Electronic Equipment Directive

Thank you for your attention!

Find out more:

http://ec.europa.eu/enterprise/cosme/