Transcript No Slide Title

EU SME & Entrepreneurship Policy
IXth International Serbian SME Congress
Belgrad, 21. Nov 2009
Christian Weinberger
Entrepreneurship and SME Policy Adviser
Why are SMEs important ?
Stock Exchange Listed 7.000
100 %
Large
42.000
99,97%
Medium
250.000
99,7%
Small
1,600.000
98,7%
Micro
5,700.000
91,0%
OPE
13,000.000
57,0%
SMEs play a significant role
GDP value add
58%
90
80
70
60
50
40
30
goods and
services in the
EU by SMEs
20
10
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SMEs provide employment
Share of private employment
SME employment share
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
33%
29%
17%
Micro
Small
21%
Medium
Large
EL
PT
IT
ES
EE
LV
BG
LT
HU
PL
NO
CZ
IE
NL
BE
AT
DK
SI
SE
DE
FR
RO
FI
SK
UK
SMEs create employment
Gains and losses in employment (in %)
30,0%
25,0%
15,0%
10,0%
5,0%
0,0%
Micro
Small
Medium
Large
Business
Services
Transport &
Communication
Tourism
Distribution
-20,0%
Construction
-15,0%
Energy
-10,0%
Manufacturing
-5,0%
Mining
% change over 3 years
20,0%
What is an SME ?
The Crisis
The financial sector
Demand
Real Economy
Access to Finance
Source : Eurostat
year
2009M01
2008M07
2008M01
2007M07
2007M01
2006M07
2006M01
2005M07
2005M01
2004M07
2004M01
2003M07
2003M01
2002M07
2002M01
2001M07
2001M01
2000M07
2000M01
1999M07
1999M01
1998M07
1998M01
1997M07
1997M01
1996M07
1996M01
1995M07
1995M01
1994M07
1994M01
1993M07
1993M01
1992M07
1992M01
1991M07
1991M01
1990M07
1990M01
index (2005=100)
Manufacturing Production EU27
120
110
100
90
80
70
Persons employed
Sector
Average hours
Other transport
equipment
Basic
pharmaceutical
Food products
Chemicals and
chemical products
Printing and
reproduction media
Other
manufacturing
Beverages
Computer,
electronic and
Paper and paper
products
Coke and petroleum
products
Machinery and
equipment n.e.c.
Tobacco products
Rubber and plastic
products
TOTAL
MANUFACTURING
Electrical equipment
Fabricated metal
products
Basic metals
Other non-metallic
mineral products
Furniture
Wood and of
products of wood
Leather and related
products
Wearing apparel
Textiles
Motor vehicles
Change in Overall Hours worked 1Q09 vs. 1Q08
%
10
5
0
-5
-10
-15
-20
Changes in unemployment rates since July 2008 till July 2009
12
10
8
6
4
2
0
Change between July 2008 and July 2009 * June 2008-9 ** May 2008-9 *** March 2008-9
2009-07
2009-04
2009-01
2008-10
2008-07
2008-04
2008-01
2007-10
2007-07
2007-04
2007-01
2006-10
2006-07
2006-04
2006-01
2005-10
2005-07
2005-04
2005-01
2004-10
2004-07
2004-04
2004-01
2003-10
2003-07
2003-04
2003-01
2002-10
2002-07
2002-04
2002-01
2001-10
2001-07
2001-04
2001-01
2000-10
2000-07
2000-04
2000-01
Pct
Growth of bank lending to non-financial firms (euro area)
(Source: ECB)
16
14
12
10
8
6
4
2
0
Bank lending to SMEs
(ECB bank lending survey, balance of opinion of banks)
80
Demand for loans
Credit standards (up=tighter standards)
Expected demand for loans
60
20
0
-20
-40
09
09
08
09
07
04
01
10
08
07
08
04
07
07
07
08
01
10
07
07
04
01
06
10
06
07
06
05
05
06
04
01
10
05
07
04
05
01
04
10
04
04
04
07
04
03
03
01
10
07
03
04
03
-60
01
Balance of opinion (net)
40
Further action needed…
Most frequent problems SMEs are facing
Number of most frequent replies in Commission survey 2008
0
Adminstrative burden
Access to finance
Taxation
Lack of skills
Access to public procurement
20
40
60
80
100
120
140
The Small Business Act (SBA)
• Adopted in June 2008
• 3 main objectives:
 think small first
 Entrepreneurship
 promote SME growth
• 10 principles
• 93 policy initiatives + 5 legislative acts
• Implementing Lisbon strategy for Growth/Jobs
• All hands on deck! Commission, MS and regions
The 10 SBA principles
1.
Create thriving entrepreneurship environment
2.
A 2nd chance for bankrupt honest entrepreneurs
3.
“Think Small First”
4.
Responsive public administrations
5.
Public procurement + state aid
6.
Access to finance + timely payments
7.
Single Market opportunities
8.
Upgrading of Skills and all forms of innovation
9.
Environmental challenges as opportunities
10. Growth of SME markets
Access to finance
• Existing sources: ERDF/ESF, FP7, CIP/EIP (€2,17bn)
• European Investment Bank (EIB)





€30bn for 2011/12 (loans)
€1bn for Mezzanine Finance
€1bn for mid-sized companies (loans)
€50mio for microfinance (< €25.000) (‘Jasmine’)
EIB rules: now also intangible assets fundable
• Cross border mutual recognition of venture capital funds (COM report in
2009)
• EU private placement regime for venture capital (COM options evaluation:
end 2009)
• State Aid Handbook for SMEs (Brand new! Also to be used by regional
authorities)
• Improved Late Payment Directive (proposal by Commission)
The Best Project Cycle
Execution
Best
Best Projects
• Objective:
 propose concrete solutions + present examples of current policies
 … that overcome specific problems faced by SMEs
 … along the complete business life cycle
• Method:
 groups of national experts, studies, surveys
• Goal:
 Identify good practices and develop policy recommendations to support
policy makers in Member States in developing better SME policies
• Impact:
 Project conclusions are followed-up: conferences to disseminate,
implementation reviews, Commission Communications
 When necessary, issue is further developed through subsequent project
Recent Best Projects
• Promotion of Entrepreneurship in the Media
• Supporting the Internationalisation of SMEs
• Models how to reduce the overproportional
regulatory burden for SMEs
• Simplification of Tax compliance procedures
• Mini-companies in secondary Education
• Entrepreneurship Education at Universities
• Transfer of Business Market Places
• Reducing the Stigma of Business Failure
Current Best Projects
• Education for Entrepreneurship in
vocational training
• Requirements for Accounting Systems
for small businesses
• Effects of Tax Systems on the retention
of earnings
• Promoting Entrepreneurship Amongst
Women
Special:
European Enterprise Awards
• Awards for public authorities that promote entrepreneurship and
SMEs
• Five categories:

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


Entrepreneurship promotion
Red tape reduction
Enterprise development
Investment in skills
Responsible and inclusive entrepreneurship
• Two selection stages: national and European
• Winning practices available in print and on line
• Next winners to be announced in May 2009 (closing European SME
Week)
Enterprise Experience Programme
o
Hands-on experience for EU officials of the business
environment of European SMEs
o
Support the Commission objective to improve lawmaking
also by better understanding the operational environment
of SMEs
o
Explain DG ENTR/Commission policies
o
Commission official going local to reach out to European
citizens

140 Officials have completed an EEP placement.

More than 200 host companies have been visited
Table 1
Most visited countries
Partcipants countries
Not-Participants countries
EEN - Enterprise Europe Network
•
EU Network offering high quality services to
the benefit of SMEs

Organizing business cooperation across
boarders

Help accessing EU projects and funding

Advising on EU legislation, standards and
intellectual property rights

Assist SMEs in raising their innovative
capacities

Support to going international

Collecting SME feedback to legislative
initiatives
 The broadest range of tailored services for
SMEs in the EU and beyond
 more than 500
regional organisations
 more than 6.000
experienced
professionals
 active in 40 European
countries
Your Europe - Business
•
•
•
•
Enhanced business
information
Multilingual
For companies doing buisiness
in another country
Constant update
Giving
• Practical information
• Access to national on-line
servies
Cooperation between
• European Commission
(ENTR-DIGIT)
• Member States authorities
Start of new Service : 4Q2008
theoretical
information
access to national
information
practical information:
programmes/instruments
practical information:
assistance
reference to
legislation
European Commission
in cooperation with
a European level Support Office (SO)
over 100 intermediary organisations (IOs)
at national / regional level
coordination
support
quality
matching
induction
New
entrepreneurs
1 – 6 months stay
Host
entrepreneurs in
another EU Member
State
Exchange of
experiences, market
access, networking,
learning on the job
Info & Contacts
•
•
•
•
•
•
SME Portal
http://ec.europa.eu/enterprise/sme/index_en.htm
SBA
http://ec.europa.eu/enterprise/entrepreneurship/sba_en.htm
Enterprise Europe Network
http://www.enterprise-europe-network.ec.europa.eu/index_en.htm
Entrepreneurship
http://ec.europa.eu/enterprise/sme/promoting_en.htm
Enterprise Experience Program
http://ec.europa.eu/enterprise/exp_prog/index.htm
Good Practice Database
http://ec.europa.eu/enterprise/enterprise_policy/charter/gp
[email protected]
Fax : +32.2.29.94143