The new Programme for the Competitiveness of Enterprises and Small and Medium-sized Enterprises (COSME) will run from 2014 to 2020, with a planned budget of €2.3bn (current prices).


  • facilitating access to finance for Small and Medium-sized Enterprises (SMEs)
  • creating an environment favourable to business creation and growth
  • encouraging an entrepreneurial culture in Europe
  • increasing the sustainable competitiveness of EU companies
  • helping small businesses operate outside their home countries and improving their access to markets

COSME will:

  • ensure continuity with initiatives and actions already undertaken under the Entrepreneurship and Innovation Programme (EIP), such as the Enterprise Europe Network, building on results and lessons learnt.
  • continue the many successful features of the EIP, while simplifying management of the programme to make it easier for entrepreneurs and small businesses to benefit.
  • support, complement and help coordinate actions by EU member countries. COSME will specifically tackle transnational issues that – thanks to economies of scale and the demonstration effect – can be more effectively addressed at European level.
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