COSME is the EU programme for the Competitiveness of Enterprises and SMEs, running
from 2014 to 2020, with a budget of €2.3billion. COSME will support SMEs in the following
• Facilitating access to finance
• Supporting internationalisation and access to markets
• Creating an environment favourable to competitiveness
• Encouraging an entrepreneurial culture
COSME is a programme implementing the Small Business Act (SBA) which reflects
the Commission’s political will to recognise the central role of SMEs in the EU economy.
Small and Medium-sized Enterprises (SMEs) are the backbone of Europe’s
economy, providing 85 % of all new jobs. The European Commission aims to
promote entrepreneurship and improve the business environment for SMEs,
to allow them to realise their full potential in today’s global economy.