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SMEs in the EU-28 2017/18

'The State of EU SMEs and EU SME policy in 2019' Ludger Odenthal, Head - SPR Team, Unit H1, DG GROW at the EP/ECON conference "Economic and Budgetary Outlook 2019" European Parliament, Brussels 6/2/2019. SMEs in the EU-28 2017/18.

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SMEs in the EU-28 2017/18

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  1. 'The State of EU SMEs and EU SME policy in 2019'Ludger Odenthal, Head - SPR Team, Unit H1, DG GROWatthe EP/ECON conference "Economic and Budgetary Outlook 2019"European Parliament, Brussels6/2/2019

  2. SMEs in the EU-28 2017/18 • SMEs' contribution to growth in value added (+3.5%) and employment (+2.0%) exceeded what would have been expected on the basis of their relative importance in the economy

  3. EU-28 generated EUR 4 156 billion of value added and employed 94.8 million people in the ‘non-financial business economy’. SMEs accounted for two thirds of overall employment and 56.8 % of overall value added in the ‘non-financial business economy’. SMEs in the EU-28 2017/18

  4. Contribution of SMEs to the recovery and growth of the EU-28 economy since 2008

  5. SMEs accounted for 47% of the total increase in value added in the ‘non-financial business sector’. SMEs accounted for slightly more than half (52%) of the total increase in employment in the ‘non-financial business sector’. SMEs’ contribution from 2008 to 2017 • SMEs accounted for 47% of the total increase in value added in the ‘non-financial business sector’. • SMEs accounted for slightly more than half (52%) of the total increase in employment in the ‘non-financial business sector’.

  6. Regional disparities e.g. Portugal vs: Sweden

  7. The sectors in which the start-ups are active are very diverse (Figure 30). Most companies provide a product or service online (only 0.7% offer offline solutions). While sectors such as IT/Software Development (19.1%) or Software as a Service (18.5%) are still well-represented, new companies have also been created in trending sectors such as Green Technologies (4.0%) and in the Fin-Tech sector (5.1%). Geographically, the biggest European start-up hubs have been established in Berlin, Copenhagen, Lisbon, London and Paris. Generally, start-ups develop in five stages: Seed Stage, Start-up Stage, Growth Stage, Later Stage and Steady Stage Start-ups and scale-ups • The sectors in which the start-ups are active are very diverse. Geographically, the biggest European start-up hubs have been established in Berlin, Copenhagen, Lisbon, London and Paris. • Fuelled by the economic recovery, between 2014 and 2016 the number of high-growth firms in the EU increased by 24%. Two-thirds of these enterprises come from only six Member States Source: Annual Report on European SMEs 2017/2018 Source: “EU Startup Monitor”

  8. Value added in the EU-28 non-financial business sector is expected to increase by 4.3% in both 2018 and 2019. EU-28 SME employment is projected to grow by 1.5% in 2018 and 1.3% in 2019. Effects of potential international trade conflicts and Brexit. Future of European SMEs

  9. 10 Years of SBA

  10. 10 Years of SBA Distribution of policy measures adopted/implemented per SBA principle – EU-28 (2011-2018)

  11. Most commonly implemented measures at EU-28 level (2011-2018)

  12. Responsive administration

  13. Skills & Innovation – a challenge

  14. Landscape of financing European SMEs Relevant and used financing types for SMEs percentage of respondents that considered those sources of financing as relevant, that is, have you used them in the past or considered using them in the future Data from "Survey on the Access to Finance of Enterprises (SAFE)“ 29 November 2017, http://ec.europa.eu/growth/safe

  15. Streamlined implementation of financial instruments under Invest EU

  16. Ways to diversify SME financing Capital Markets Union Actions in 6 key areas

  17. EU policies and initiatives to boost SME financing COSME overview • COSME: European programme with financial instruments solely dedicated to SMEs (2014 – 2020) • 60% of total COSME dedicated to financial instruments - over €1.3 billion • Debt and equity financial instruments: • Loan Guarantee Facility (LGF) • Equity Facility for Growth (EFG)

  18. COSME Programme 1 Access to finance Loan Guarantee Facility Equity Facility for Growth Funds of Funds 3 business environment SME Policy, Start-up, Better Regulation, Competitiveness, sectors COSME 2,3 billion 2014-2020 ~11% Delegated to EIF (~ 1,4 billion) Min 60% Delegated to EASME (~ 0,8 billion) 4 Entrepreneurship Erasmus for young entrepreneurs, … 2 Access to markets Enterprise Europe Network, … ~2,5% ~21,5%

  19. Ludger ODENTHAL (SME Performance Review team-leader) H.1 – COSME Programme, SME Envoys and Relations with EASME DG Internal Market, Industry, Entrepreneurship and SMEs European Commission Contact: GROW-SPR@ec.europa.eu Thank you for your attention

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