Start-ups, SMEs take up €344 million EU research funding
107 innovative projects from across Europe will be supported with €344 million through the EU’s European Innovation Council pilot says the EC.
Funded by Horizon 2020, the selected proposals comprise an array of unique project concepts aimed at improving surgical precision during cancer-removal surgery, modernising local and global air quality monitoring, and bringing about many other ground-breaking innovations. Read More
State aid: Commission approves €3 billion Portuguese guarantee schemes for SMEs and midcaps affected by Coronavirus outbreak
The European Commission has expressed its support for a number of SME support measures taken by EU Member States to alleviate problems caused by the corona crisis.
For example, EC found four Portuguese guarantee schemes for SMEs and midcaps affected by the Coronavirus outbreak to be in line with EU State aid rules. The schemes, with a total budget of €3 billion, were approved under the State aid Temporary Framework to support the economy in the context of the COVID-19 outbreak adopted by the Commission on 19 March 2020. Read More
State aid: Commission approves Danish guarantee scheme for SMEs affected by Coronavirus outbreak
In another example, The European Commission has found a DKK 1 billion (approx. €130 million) Danish guarantee scheme for small and medium-sized enterprises (SMEs) affected by Coronavirus outbreak to be in line with EU State aid rules. The scheme aims at limiting the risks associated with issuing operating loans to those companies that are most severely affected by the economic impact of the Coronavirus outbreak. The objective of the measure is to ensure these companies can continue their activities faced with the difficult situation caused by the coronavirus. Read More
COVID-19: Commission sets out European coordinated response to counter the economic impact of the Coronavirus
The EC is supporting SMEs that are facing economic difficulties due to the COVID-19 outbreak. To bring immediate relief to hard-hit SMEs, the EU budget will deploy its existing instruments to support these companies with liquidity, complementing measures taken at national level. €1 billion will be redirected from the EU budget as a guarantee to the EIF to incentivise banks to provide liquidity to SMEs and midcaps. This will help at least 100,000 European SMEs and small mid-caps with about €8 billion of financing. The Commission will also provide credit holidays to the existing debtors that are negatively affected. Read More
Digital innovation hubs helping public sector and SMEs in dealing with COVID-19 pandemic
On March 25th a dedicated community of Digital Innovation Hubs met to discuss the immediate and longer-term needs of SMEs due to COVID-19 and where digital tools could help them in becoming more resilient. During webinar interesting examples of innovative solutions that SMEs are coming up to directly fight the crisis were shared. One of the projects that arose during the discussion was DIH4CPS which aims to support European SMEs to overcome obstacles posed by innovative technology, also through open calls financing experiments in the area of cyber-physical systems. Read More
European Commission publishes report on digital skills in SMEs, highlights role of accountants
European Commission and the Executive Agency for Small and Medium-sized Enterprises (EASME) have published a new report on supporting digitals skills development in SMEs.
The report marks the end of a two-year project, which was co-managed by a consortium consisting of the European Digital SME Alliance, Capgemini and Technopolis Group. Accountancy Europe also participated in the project with workshops and its recommendations.
The report proposes to develop a European Skills4SMEs Partnership to build a stronger alliance between public and private sectors to offer leadership and a vision for skills development for SMEs in Europe.
In line with Accountancy Europe’s recommendations, the report also emphasizes that accountants are well positioned to make SMEs aware of the threats (and opportunities) of cybersecurity, and trigger them to action in regular because they are in regular contact with SMEs and advise them on business continuity matters. Read more