Across the EU28 last year, some 21.6 million SMEs in the non‐financial business sector employed 88.8 million people and generated €3,666 trillion in value added. Expressed another way, 99 out of every 100 businesses are SMEs, as are 2 in every 3 employees and 58 cents in every euro of value added. It is important to note that while the prospects for SME success are tied with macro‐ economic developments, they by no means identically mirror all of them. As the majority of SMEs operate in sectors that serve domestic demand, for example, they did not share in the benefits of increased foreign demand, which was the key macro‐ economic driver of growth from 2008 to 2013.
Many SMEs are not in export‐oriented sectors, particularly the micro and small enterprises. Thus, programs supporting SME exports benefit directly only a sub‐set of SMEs. However, indirectly, all SMEs benefit to some extent from growth in exports as higher exports raises a) overall income levels, and hence the demand for goods and services sold by domestic demand facing SMEs, and b) the demand for goods and services originating from exporting‐oriented enterprises. Yet in an increasingly internationalized world, there are competitive advantages for those businesses that begin with a global strategy and can move quickly to take advantage of cross‐border activities. Providing further, tailored support for this growing asset class would form a key step in allowing SMEs to leverage the benefits of increased foreign demand.
In the Basque Country we’re very much aware of this scenario and that’s why the Network consortium partners participating in this action have design a implementation plan aiming at contributing to the objectives of COSME and H2020. That is, facilitating access to European and international markets for Basque SMEs and by providing growth-oriented, integrated business and innovation support services that help strengthen the competitiveness and sustainability of the enterprises in our region.
Fields of science
Call for proposal
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Funding SchemeH2020-EEN-SGA - Specific Grant Agreement Enterprise Europe Network (EEN)
48008 Bilbao Bizkaia
20002 Donostia San Sebastian
01005 Vitoria Gasteiz