Report- Access to Finance
The European Commission Action Plan on building a Capital Markets Union to mobilize investment in Europe set out the aim to map existing local or national support and advisory capacities across the EU in order to promote best practices on assisting SME.
As part of its contribution to the Capital Markets Union, EUROCHAMBRES, the Association of European Chambers of Commerce and Industry, recently completed a mapping exercise of existing finance-related support and advisory services provided to SMEs by the Chamber network. This report contains 26 initiatives gathered as a result of this mapping exercise from across Europe. It aims to facilitate the exchange and spread of best practices among stakeholders and broaden financing options for SMEs. It also demonstrates the valuable role that Chambers already play in offering advisory services on access to finance to SMEs, a role that can be further developed in the framework of the Capital Markets Union implementation.
The report presents a brief description of each initiative and the results achieved so far. It is divided in four sections targeting different SME problems: Coaching & Seminars - aiming at getting SMEs investment ready;
- Guarantees - targeting the gaps in the funding escalator;
- Guidance - assisting in identifying the right source of funding;
- Matchmaking - helping to find the right SME-finance match
Drawing on Chambers’ experience in providing these support and advisory services, the report also includes recommendations to policy makers to enhance SME access to finance.