Access to Finance as Main Challenge for European SMEs. Can COSME Help between 2014-2020?

Lack of finance is one of the most important problemsof SMEs all over Europe. Insufficient financial resources are barriers to the growth and employment in the SME sector and at the same time japerdize governments efforts reaching EU targets In EU documents this is highlighted for many years and focused in the ‘Programme for Competitiveness of enterprises and SMEs(COSME)2014-2020’. Current position of EU Member States concerning access to finance was analysed by Commission staff working document in 2011. By the help of these documents we shall give an overall picture about the above mentioned topic.