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FP6

Communication from the Commission to the Council and the European Parliament, Access to finance of small and medium-sized enterprises, COM(2003) 713 final

Funded under: FP6-SME

Abstract

Improving access to finance is an important aspect of fostering entrepreneurship in Europe. The role of the public sector should primarily be to improve the general framework conditions of finance and take limited direct action only when market failures warrant it. Experience has shown that best results in SME finance are achieved when the public sector works with the markets and acts as a catalyst to encourage their development.

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Record Number: 6484 / Last updated on: 2004-12-07
Category: COM DOCUMENT
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