Financial Instruments for SMEs Co-financed by the European Regional Development Fund

Financial Instruments for SMEs Co-financed by the European Regional Development Fund

Author: European Court of Auditors

Publisher:

Published: 2012

Total Pages: 66

ISBN-13:

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"Small and medium-sized enterprises are the backbone of the EU's economy, generating employment, innovation and wealth. The court audited the performance of the cohesion policy's financial instruments facilitating their access to finance. The court found that the effectiveness and efficiency of these instruments were hampered by important shortcomings, mainly due to the inappropriateness of the current structural funds regulations, insufficient quality of needs assessments and widespread delays in their implementation. Finally, the ability to leverage in private investments was poor as compared with other EU programmes for SMEs."--P. [4] of cover.


Book Synopsis Financial Instruments for SMEs Co-financed by the European Regional Development Fund by : European Court of Auditors

Download or read book Financial Instruments for SMEs Co-financed by the European Regional Development Fund written by European Court of Auditors and published by . This book was released on 2012 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Small and medium-sized enterprises are the backbone of the EU's economy, generating employment, innovation and wealth. The court audited the performance of the cohesion policy's financial instruments facilitating their access to finance. The court found that the effectiveness and efficiency of these instruments were hampered by important shortcomings, mainly due to the inappropriateness of the current structural funds regulations, insufficient quality of needs assessments and widespread delays in their implementation. Finally, the ability to leverage in private investments was poor as compared with other EU programmes for SMEs."--P. [4] of cover.


New Models of Financing and Financial Reporting for European SMEs

New Models of Financing and Financial Reporting for European SMEs

Author: Eva Kaili

Publisher: Springer

Published: 2019-02-28

Total Pages: 204

ISBN-13: 3030028313

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This book looks at the 23 million registered Small and Medium Enterprises (SMEs) that make up 98 per cent of the EU economy. Addressing the high end of SMEs in terms of new models for SME funding and financial reporting, this merged way of looking at SMEs reveals a ‘myopic’ thinking in terms of net present value and (future) cash flows generating short-termism and low risk appetite for business. This is not an accounting issue, but rather a preference toward certain financial tools. A segment of SMEs, the ones that seek new ways of funding possibilities, as well as modern technologies (MTFs listing, blockchain, ICOs, etc.) do require, even without knowing, IFRS for SMEs. This book reveals how market conditions impact the financial performance and sustainability of SMEs and also generate innovative policy interventions and financing strategies for SME integrity and efficiency. The authors frame their arguments in the context of the Capital Markets Union, looking at the Innovation Triangle, SME growth ecosystem and business models. They conclude by advocating for closing the circle of financing and financial reporting for SMEs, while considering if new financial models of financing and financial reporting are good for all the SMEs or only for some. The economy is being shaped by new models of financing and financial reporting. Read this practitioners’ view to understand the current changes and challenges.


Book Synopsis New Models of Financing and Financial Reporting for European SMEs by : Eva Kaili

Download or read book New Models of Financing and Financial Reporting for European SMEs written by Eva Kaili and published by Springer. This book was released on 2019-02-28 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book looks at the 23 million registered Small and Medium Enterprises (SMEs) that make up 98 per cent of the EU economy. Addressing the high end of SMEs in terms of new models for SME funding and financial reporting, this merged way of looking at SMEs reveals a ‘myopic’ thinking in terms of net present value and (future) cash flows generating short-termism and low risk appetite for business. This is not an accounting issue, but rather a preference toward certain financial tools. A segment of SMEs, the ones that seek new ways of funding possibilities, as well as modern technologies (MTFs listing, blockchain, ICOs, etc.) do require, even without knowing, IFRS for SMEs. This book reveals how market conditions impact the financial performance and sustainability of SMEs and also generate innovative policy interventions and financing strategies for SME integrity and efficiency. The authors frame their arguments in the context of the Capital Markets Union, looking at the Innovation Triangle, SME growth ecosystem and business models. They conclude by advocating for closing the circle of financing and financial reporting for SMEs, while considering if new financial models of financing and financial reporting are good for all the SMEs or only for some. The economy is being shaped by new models of financing and financial reporting. Read this practitioners’ view to understand the current changes and challenges.


Has ERDF Support to SMEs in the Area of E-commerce Been Effective?

Has ERDF Support to SMEs in the Area of E-commerce Been Effective?

Author: European Court of Auditors

Publisher:

Published: 2014

Total Pages: 40

ISBN-13:

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"In recent years, the EU has co-financed e-commerce projects in the context of its cohesion policy with the support of the European Regional Development Fund. In this report, the European Court of Auditors assesses whether e-commerce projects were successful in supporting ICT uptake by SMEs by auditing a sample of EU co-financed e-commerce projects in Greece, Italy, Poland and the United Kingdom. The Court concludes that the ERDF support to e-commerce projects contributed to increasing the availability of business services online. However, it also concludes that shortcomings in the monitoring made it impossible to assess to what extent it contributed to the achievement of the EU and Member States' ICT strategies as well as SMEs' development objectives."--Page 4 of cover.


Book Synopsis Has ERDF Support to SMEs in the Area of E-commerce Been Effective? by : European Court of Auditors

Download or read book Has ERDF Support to SMEs in the Area of E-commerce Been Effective? written by European Court of Auditors and published by . This book was released on 2014 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: "In recent years, the EU has co-financed e-commerce projects in the context of its cohesion policy with the support of the European Regional Development Fund. In this report, the European Court of Auditors assesses whether e-commerce projects were successful in supporting ICT uptake by SMEs by auditing a sample of EU co-financed e-commerce projects in Greece, Italy, Poland and the United Kingdom. The Court concludes that the ERDF support to e-commerce projects contributed to increasing the availability of business services online. However, it also concludes that shortcomings in the monitoring made it impossible to assess to what extent it contributed to the achievement of the EU and Member States' ICT strategies as well as SMEs' development objectives."--Page 4 of cover.


Regional Policy

Regional Policy

Author: Nigel Copperthwaite

Publisher: Routledge

Published: 2005-06-28

Total Pages: 236

ISBN-13: 1134956940

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The European Community is committed to promoting `economic and social cohesion' across its regions. This guide explains how the European Regional Development Fund operates and its relationship to other sources of funding from the EC.


Book Synopsis Regional Policy by : Nigel Copperthwaite

Download or read book Regional Policy written by Nigel Copperthwaite and published by Routledge. This book was released on 2005-06-28 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: The European Community is committed to promoting `economic and social cohesion' across its regions. This guide explains how the European Regional Development Fund operates and its relationship to other sources of funding from the EC.


Financing SMEs and Entrepreneurs 2020 An OECD Scoreboard

Financing SMEs and Entrepreneurs 2020 An OECD Scoreboard

Author: OECD

Publisher: OECD Publishing

Published: 2020-04-22

Total Pages: 224

ISBN-13: 9264598537

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The 9th edition of the Scoreboard on Financing SMEs and Entrepreneurs report provides data from 48 countries around the world on SME lending, alternative finance instruments and financing conditions, as well as information on policy initiatives to improve SME access to finance.


Book Synopsis Financing SMEs and Entrepreneurs 2020 An OECD Scoreboard by : OECD

Download or read book Financing SMEs and Entrepreneurs 2020 An OECD Scoreboard written by OECD and published by OECD Publishing. This book was released on 2020-04-22 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 9th edition of the Scoreboard on Financing SMEs and Entrepreneurs report provides data from 48 countries around the world on SME lending, alternative finance instruments and financing conditions, as well as information on policy initiatives to improve SME access to finance.


Finance for SMEs: European Regulation and Capital Markets Union

Finance for SMEs: European Regulation and Capital Markets Union

Author: Patrizio Messina

Publisher: Kluwer Law International B.V.

Published: 2019-06-19

Total Pages: 222

ISBN-13: 9403501448

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With the European Commission’s announcement of the Capital Markets Union in 2016, a major step was at last taken to provide for the special needs of small and medium enterprises (SMEs). This book presents the first in-depth legal analysis of the challenges that SMEs have to face when managing their balance sheets and trying to attract investors, what alternative financing tools are most effective and how recent legislation reaches fair and convenient conditions for SMEs. The analysis focuses specifically on the Capital Markets Union structure and on other European initiatives that support and enhance SMEs’ raising money on capital markets in order to better diversify their investments and plan a growth and development strategy. An updated description of the European framework is provided, together with references to relevant national systems. Issues and topics covered include the following: need for long-lasting access to funds; securitization for SMEs; SME Z-score; crowdfunding; and peer-to-peer, minibond and accounts receivables financing. Case study analyses furnish a deep understanding of the financial structures and their main features. Appendices include English texts of the main European Union (EU) legal documents pertaining to SMEs. For SMEs discouraged by over-regulation designed for larger businesses, and who find themselves in difficulties when they have to face the required process, this book will prove to be of immeasurable practical value. This book represents one of the first publications on SMEs and finance and contains data and information resulting from a deep and well-focused research on the topic. The added value of this study will allow the academics to understand the main issues related to this topic and will provide for a steady basis for further research and analysis with regards to law and economics for SMEs. Furthermore, it will be also warmly welcomed by practitioners in the area of SME financing and will be useful to support them in the selection of the most appropriate tools for their clients. Banks and interested EU officials will also value its clear and straightforward approach to the subject.


Book Synopsis Finance for SMEs: European Regulation and Capital Markets Union by : Patrizio Messina

Download or read book Finance for SMEs: European Regulation and Capital Markets Union written by Patrizio Messina and published by Kluwer Law International B.V.. This book was released on 2019-06-19 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the European Commission’s announcement of the Capital Markets Union in 2016, a major step was at last taken to provide for the special needs of small and medium enterprises (SMEs). This book presents the first in-depth legal analysis of the challenges that SMEs have to face when managing their balance sheets and trying to attract investors, what alternative financing tools are most effective and how recent legislation reaches fair and convenient conditions for SMEs. The analysis focuses specifically on the Capital Markets Union structure and on other European initiatives that support and enhance SMEs’ raising money on capital markets in order to better diversify their investments and plan a growth and development strategy. An updated description of the European framework is provided, together with references to relevant national systems. Issues and topics covered include the following: need for long-lasting access to funds; securitization for SMEs; SME Z-score; crowdfunding; and peer-to-peer, minibond and accounts receivables financing. Case study analyses furnish a deep understanding of the financial structures and their main features. Appendices include English texts of the main European Union (EU) legal documents pertaining to SMEs. For SMEs discouraged by over-regulation designed for larger businesses, and who find themselves in difficulties when they have to face the required process, this book will prove to be of immeasurable practical value. This book represents one of the first publications on SMEs and finance and contains data and information resulting from a deep and well-focused research on the topic. The added value of this study will allow the academics to understand the main issues related to this topic and will provide for a steady basis for further research and analysis with regards to law and economics for SMEs. Furthermore, it will be also warmly welcomed by practitioners in the area of SME financing and will be useful to support them in the selection of the most appropriate tools for their clients. Banks and interested EU officials will also value its clear and straightforward approach to the subject.


New Approaches to SME and Entrepreneurship Financing Broadening the Range of Instruments

New Approaches to SME and Entrepreneurship Financing Broadening the Range of Instruments

Author: OECD

Publisher: OECD Publishing

Published: 2015-10-28

Total Pages: 152

ISBN-13: 9264240950

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This report maps a broad range of external financing techniques to address diverse needs in varying circumstances, including asset-based finance, alternative debt, hybrid instruments, and equity instruments.


Book Synopsis New Approaches to SME and Entrepreneurship Financing Broadening the Range of Instruments by : OECD

Download or read book New Approaches to SME and Entrepreneurship Financing Broadening the Range of Instruments written by OECD and published by OECD Publishing. This book was released on 2015-10-28 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report maps a broad range of external financing techniques to address diverse needs in varying circumstances, including asset-based finance, alternative debt, hybrid instruments, and equity instruments.


Opinion of the Committee of the Regions of 14 May 1998 on the Proposal for a Council Decision on Measures of Financial Assistance for Innovative and Job-creating Small and Medium-sized Enterprises (SMEs)

Opinion of the Committee of the Regions of 14 May 1998 on the Proposal for a Council Decision on Measures of Financial Assistance for Innovative and Job-creating Small and Medium-sized Enterprises (SMEs)

Author: Committee of the Regions

Publisher:

Published: 1998

Total Pages: 14

ISBN-13:

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Book Synopsis Opinion of the Committee of the Regions of 14 May 1998 on the Proposal for a Council Decision on Measures of Financial Assistance for Innovative and Job-creating Small and Medium-sized Enterprises (SMEs) by : Committee of the Regions

Download or read book Opinion of the Committee of the Regions of 14 May 1998 on the Proposal for a Council Decision on Measures of Financial Assistance for Innovative and Job-creating Small and Medium-sized Enterprises (SMEs) written by Committee of the Regions and published by . This book was released on 1998 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt:


A Guide to EU Funding

A Guide to EU Funding

Author: European Commission

Publisher:

Published: 2017

Total Pages: 26

ISBN-13:

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In response to the evolution of the world economy and its impact on Europe, the European Commission proposed a set of programmes to boost jobs, growth and investment across the European Union. The programmes are part of the multiannual financial framework 2014-2020. This publication guides you through these programmes and the funding opportunities they offer are briefly described here in this booklet. Detailed information is available on the European Commission's website. EU funding opportunities prove the added value of the EU budget in a number of fields, from research, employment, regional development and cooperation to education, culture, environment, humanitarian aid and energy, among many others. Significant support is available to small and medium-sized businesses, non-governmental and civil society non-profit organisations, young people, researchers, farmers and public bodies, to name a few.


Book Synopsis A Guide to EU Funding by : European Commission

Download or read book A Guide to EU Funding written by European Commission and published by . This book was released on 2017 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: In response to the evolution of the world economy and its impact on Europe, the European Commission proposed a set of programmes to boost jobs, growth and investment across the European Union. The programmes are part of the multiannual financial framework 2014-2020. This publication guides you through these programmes and the funding opportunities they offer are briefly described here in this booklet. Detailed information is available on the European Commission's website. EU funding opportunities prove the added value of the EU budget in a number of fields, from research, employment, regional development and cooperation to education, culture, environment, humanitarian aid and energy, among many others. Significant support is available to small and medium-sized businesses, non-governmental and civil society non-profit organisations, young people, researchers, farmers and public bodies, to name a few.


European Regional Development Fund

European Regional Development Fund

Author: Great Britain: Parliament: House of Commons: Communities and Local Government Committee

Publisher: The Stationery Office

Published: 2012-07-13

Total Pages: 100

ISBN-13: 9780215046741

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The abolition of the Regional Development Agencies removed the main source of match funding for ERDF sponsored projects, and the economic downturn has curbed alternative options for match funding even further. There is a pressing need to spend each region's ERDF allocation before 2015, but unless ministers take urgent steps to deliver on the Government's promise to make it easier for projects to secure match funding through the Regional Growth Fund, there is a significant risk that value for money will suffer and ERDF will not make the impact it could to help rebalance the UK's economy. The Committee endorses a number of sensible rule changes that will govern the next ERDF round (2014-20) currently proposed and related proposals to give Member States the power to tailor the size of their Operational Programme areas - which could permit Local Economic Partnerships in England to take responsibility for managing EU funds. MPs also challenge the current allocation system where even the wealthiest Member States receive some ERDF funding when a portion of what they pay in originally gets recycled back to them. The cross party group of MPs calls for this 'circular money flow' to end, and for England to retain this portion of funding to deliver its own regional policy. The Government would have to guarantee the same level of funding across the EU's 7 year funding cycle. This change would not affect the Government's contribution to ERDF for the poorer Member States. Lastly, MPs challenge the Government to evaluate the value for money of ERDF funded projects


Book Synopsis European Regional Development Fund by : Great Britain: Parliament: House of Commons: Communities and Local Government Committee

Download or read book European Regional Development Fund written by Great Britain: Parliament: House of Commons: Communities and Local Government Committee and published by The Stationery Office. This book was released on 2012-07-13 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: The abolition of the Regional Development Agencies removed the main source of match funding for ERDF sponsored projects, and the economic downturn has curbed alternative options for match funding even further. There is a pressing need to spend each region's ERDF allocation before 2015, but unless ministers take urgent steps to deliver on the Government's promise to make it easier for projects to secure match funding through the Regional Growth Fund, there is a significant risk that value for money will suffer and ERDF will not make the impact it could to help rebalance the UK's economy. The Committee endorses a number of sensible rule changes that will govern the next ERDF round (2014-20) currently proposed and related proposals to give Member States the power to tailor the size of their Operational Programme areas - which could permit Local Economic Partnerships in England to take responsibility for managing EU funds. MPs also challenge the current allocation system where even the wealthiest Member States receive some ERDF funding when a portion of what they pay in originally gets recycled back to them. The cross party group of MPs calls for this 'circular money flow' to end, and for England to retain this portion of funding to deliver its own regional policy. The Government would have to guarantee the same level of funding across the EU's 7 year funding cycle. This change would not affect the Government's contribution to ERDF for the poorer Member States. Lastly, MPs challenge the Government to evaluate the value for money of ERDF funded projects