Call: Implementing Social Business Initiative key actions
|Type of Fund||Action programme|
|Description of programme |
COSME is the EU programme for the Competitiveness of Enterprises and Small and Medium-sized Enterprises (SMEs) running from 2014 to 2020 with a planned budget of 2.3 bn. €.
COSME aims to make it easier for small and medium-sized enterprises (SMEs) to access finance in all phases of their lifecycle – creation, expansion, or business transfer. Thanks to EU support, businesses have easier access to guarantees, loans and equity capital. EU ‘financial instruments’ are channelled through local financial institutions in EU countries. To find a financial institution in your country, visit the Access to Finance portal.
COSME helps businesses to access markets in the EU and beyond. It funds the Enterprise Europe Network that helps SMEs find business and technology partners, and understand EU legislation; the Your Europe Business portal that provides practical information on doing business within Europe; and the SME Internationalisation Portal for companies who want to develop their activities outside Europe. It also finances a number of IPR (intellectual property rights) SME Helpdesks.
COSME supports entrepreneurs by strengthening entrepreneurship education, mentoring, guidance and other support services. Actions support specific groups who may find it difficult to reach their full potential, such as young people, women and senior entrepreneurs. The programme also aims to help businesses access opportunities offered by digital technologies.
Improving business conditions
COSME aims to reduce the administrative and regulatory burden on SMEs by creating a business-friendly environment. COSME also supports businesses to be competitive by encouraging them to adopt new business models and innovative practices. This complements actions in areas with high growth potential such as the tourism sector.
Implementing Social Business Initiative key actions
|Description of call |
"Implementing Social Business Initiative key actions"
In order to promote a 'highly competitive social market economy', the Commission has placed the social economy and social innovation at the heart of its concerns, in terms of both territorial cohesion and the search for new solutions to societal problems, in particular the fight against poverty and exclusion, under the Europe 2020 Strategy, the Flagship initiative 'The Innovation Union', the European Platform against Poverty and Social Exclusion and the 'Single Market Act' (SMA).
Two measures will be implemented in 2016:
European added value: sharing and dissemination of good practices across Member States, establishing of synergies between public institutions from various Member States, development of a coherent, European approach to Social Entrepreneurship in public policy creation and public procurement practices.
|Thematic Focus||Employment, Education, Industry, Innovation, SME, Social affairs, Technologies, Tourism, Administration|
|Funding area|| EU Member States
Potential Candidate Countries
|Select Origin of Applicant|| EU Member States |
Albania / Shqipëria
Bosnia and Herzegovina
Former Yugoslav Republic of Macedonia / поранешна југословенска Република Македонија
Iceland / Ísland
Montenegro / Crna Gora/Црна Гора
Serbia / Сpбија
Turkey / Türkiye
Ukraine / Україна Oukraïna
|Eligible applicants||Education and Training Centres, Federal State / Region / City / Municipality / Local Authority, Research Institution, Small and Medium Sized Enterprises, SMEs (between 10 and 249 employees), National Government, Association|
|Type of Funding||Grant|
|Financial details|| |
The total budget pro measure is estimated to 800 000 €.
The maximum EU co-financing is 80%.
The Executive Agency for Small and Medium-sized Enterprises (EASME) manages COSME on behalf of the European Commission.