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EPP Group proposes better SME financing via EU’s Capital Market Union

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SMEs

SMEs are the backbone of Europe's economy. They represent 99% of all businesses in the EU, they create 85% of new jobs and provide two-thirds of private sector employment in the EU. That is why EU laws must first of all support them.

It is one of the EPP Group's priorities to help SMEs to grow and to facilitate entrepreneurship.

To scrutinise the impact of every EU law on SMEs, the EPP Group set up a working group called the ‘SME Circle’. The Chairman of the 60-member group, Markus Pieper, says "We want to be a 'Red Tape Watch', an observatory against bureaucratic excess. Regulation that is too detailed is a barrier to economic growth."

The EU needs to mobilise and set incentives for all sources of investment, public and private, ensuring SME access to capital. Public-private partnerships should be further encouraged. Facilitating young people in setting up their own businesses and, above all, education in entrepreneurship is something we should invest in.

Find out more about the EPP Group's 'SME Circle' (download brochure)

Priorities

SMEs access to capital
Europe is still the best place to live in this changing world. We want to defend our social market economy in a globalised world and against the backdrop of a worrying demographic trend. To afford to do this we have to improve our competitiveness and explore Europe’s growth potential. We want to keep competitive industry producing in Europe instead of exporting jobs and (even higher) pollution to other parts of the world. We want Europe to reclaim its position as a leader in research, innovation and education. Member States are...

Our Achievements

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Making life easier for SMEs

Improving access to credit and markets for leading SMEs Small and medium-sized enterprises (SMEs) are the core of the European economy. They represent by far the largest portion of private...

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SME Circle started 2016 off on a confident note

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