COSME
Summary
Budget
Official information source
https://single-market-economy.ec.europa.eu/smes/cosme_enDescription
EASME - Executive Agency for SMEs
The Executive Agency for Small and Medium-sized Enterprises (EASME) has been set-up by the European Commission to manage on its behalf several EU programmes in the fields of SME support & innovation, environment, climate action, energy and maritime affairs.
As of 1 April 2021, EASME ceased its operations and a new agency, the European Innovation Council and Small and Medium-sized Enterprises Executive Agency (EISMEA), was established. The EASME website is not updated anymore and will be archived shortly. EASME mandate and activities have been reassigned as follows:
The EIC and COSME programmes are delegated to the European Innovation Council and SMEs Executive Agency 'EISMEA'. You can also access directly the EIC website.
The European Maritime and Fisheries Fund (EMFF), the LIFE programme and Horizon 2020 Energy Efficiency market-uptake activities (CSA) (under the new LIFE programme) and climate action part of the Horizon 2020 Societal Challenge ‘Climate action, environment, resource efficiency and raw materials (under the new Horizon Europe) are delegated to the European Climate, Infrastructure and Environment Executive Agency (CINEA).
Environment and resource efficiency projects have been delegated to the European Research Executive Agency (REA) and raw materials projects to the newly established European Health and Digital Executive Agency (HaDEA).
EASME WEBSITE WILL REMAIN VISIBLE and be successively archived (and accessible), but it is not updated anymore.
OLD INFO:
COSME
The EU programme for the Competitiveness of Small and Medium-Sized Enterprises (SMEs).
The programme has been delegeted to the European Innovation Council and SMEs Executive Agency.
Visit the programme under EISMEA.
The COSME programme addresses four main objectives:
- Ease access to finance for SMEs by providing loan guarantees and risk capital (access to finance)
- Help companies access new markets, within and outside the EU (access to markets)
- Create a business-friendly environment by reducing the administrative burden on SMEs (improving conditions for businesses)
- Encourage an entrepreneurial culture (encouraging entrepreneurship)
The European Commission designs policies and is responsible for the programming. It delegates parts of the implementation of EU programmes, such as COSME, to executive agencies. The Executive Agency for Small and Medium-Sized Enterprises (EASME) manages the parts of the COSME work programme addressing access to markets, improving conditions for businesses and encouraging entrepreneurship on behalf of the European Commission. Financial instruments under access to finance are managed by the European Investment Fund (EIF).
Grants for projects which aims to boost the competitiveness of enterprises and SMEs.
Changes as from 2021!
4 bn€ in the period 2021-2027, of which ca. 1 bn€ for COSME+. The financial instruments that were previously situated under COSME, are now brought under InvestEU. It covers 2 bn€.
