Improving SMEs’ access to finance

SMEs (small and medium-sized enterprises) are important to the EU economy, but are struggling due to lack of funding. In December 2011, the European Commission (EC) adopted a detailed non-legislative action plan (COM(2011) 870) presenting new ideas for finance and regulation as well as sharing of best practice. The EP is calling for support for a broader range of finance, in response to the problems of the credit crunch.

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