COSME

Are partners required?

No

Is mobility required/involved?

No

Key areas of focus

Entrepreneurship and SMEs

Background

COSME is the EU programme for the Competitiveness of Enterprises and Small and Medium-sized Enterprises running from 2014 - 2020 with a planned budget of €2.3 billion.

SMEs are the backbone of Europe’s economy, providing 85% of all new jobs. The European Commission aims to promote entrepreneurship and improve the business environment for SMEs to allow them to realise their full potential in today’s global economy.

Key Facts

The COSME programme provides a range of services, including:

  • better access to finance for Small and Medium-sized Enterprises (SMEs) – through a Loan Guarantee Facility and the Equity Facility for Growth
  • better access to markets by providing access to the services of the Enterprise Europe Network, as well as IPR SME Helpdesks for China, ASEAN & Mercosur, EU-Japan Centre
  • support for entrepreneurs – including a European Network of Mentors for Women Entrepreneurs and Erasmus for Young Entrepreneurs
  • improving business conditions in order to increase competitiveness by encouraging the adoption of new business models and innovative practice.

An SME is defined as an organisation with 250 of fewer employees. There is also a specific strand of Horizon 2020 dedicated to SMEs.

Relevant Region(s)

The programme is open to companies in all nations of the UK.

UK Contact Points

The Executive Agency for Small and Medium-sized Enterprises (EASME) manages COSME on behalf of the European Commission. Expressions of interest related to COSME can be found on the EASME website.

Enterprise Europe Network contact points are in 23 locations around the UK.