SMEs and Midcaps
Small and medium-sized enterprises (SMEs) and medium-sized corporates (midcaps) are the engine of Europe’s economy. SMEs account for 99% of businesses in the EU and employ two thirds of the active working population. In 2013 alone, some 21.6 million SMEs in the non-financial business sector employed 88.8 million people and generated almost 60% of the EU’s value added – an impressive EUR 3.7tr.
Enabling continuous and affordable access to finance
Smaller businesses can face difficulties in accessing finance, particularly since the crisis. We have adapted to the changing needs of SMEs and midcaps, enabling continuous and affordable access to finance. Our support has increased substantially since 2008. In 2013 alone the EIB Group supported over 230 000 SMEs in Europe. In the coming years we aim to maintain increased support for SMEs and midcaps.
Mobilising additional financing to the real economy
The result of our Group’s increased activity in favour of SMEs and our diversified product range is our ability to mobilising additional financing to SMEs. To maximise the impact of our support for micro-enterprises, SMEs and midcaps, we team up with the European Commission, Member States, public promotional banks and other key players to enhance access to finance and improve financing conditions for SMEs all over Europe.
We make a difference through our:
- Comprehensive scope – wide range of tailored instruments
- Catalytic effect – encouraging additional private and public sector investment
- Expertise – providing advisory services and helping our counterparts meet high standards