Cosme 2014-2020
What is COSME?
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 €2.3bn. COSME will support SMEs in the following area.
What are the objectives?
These are the four specific objectives of COSME and the Work Programme is structured upon them:
· Improving access to finance for SMEs in the form of equity and debt;
· Improving access to markets, particularly inside the Union but also at global level;
· Improving framework conditions for the competitiveness and sustainability of Union enterprises, particularly SMEs, including in the tourism sector;
· Promoting entrepreneurship and entrepreneurial culture
The overall indicative budget for the seven-year period of COSME (2014-2020) is €2.3 billion. It will start at €275 million in 2014 and rise progressively to €430 million in 2020. A large share of the budget, 60% minimum over the period, will be allocated to the financial instruments that proved their efficiency during the
CIP. They will be complemented by the Horizon 2020 financial instruments, focusing on research and innovation, which should be delegated as well to the EIF, ensuring synergies and complementarity within the single EU debt financial instrument for EU enterprises’ growth and Research and Innovation (R&I).
Source: ec.europa.eu
For more information on the available calls for proposals and how your company could benefit from a Cosme 2014-2020 action, please contact us