COSME
With the entry into force of the Multiannual Financial Framework 2021-2027, COSME will be managed by two EU programmes: the Single Market Programme (SMP) and InvestEU. The SMP will have a total budget of €4.1 billion and InvestEU a total budget of €38 billion.
The SMP offers indirect support to SMEs to increase their competitiveness. Approximately 1 billion euros are available for this purpose. It finances support opportunities such as the following
- Enterprise Europe Network
- Erasmus for Young Entrepreneurs (name may be changed)
- Cluster initiatives
- IPR SME helpdesk
- SME performance review
- SME envoys
InvestEU provides direct financial support to SMEs. The budget allocated for this purpose amounts to 11.25 billion euros and finances instruments such as:
- Equity Facility for Growth (COSME EFG)
- Loan Guarantee Facility (COSME LGF)
