How SMEs are driving European growth

September

2014

2013 annual report on European SMEs via ec.europa.eu/enterprise/policies/sme/facts-figures-analysis/performance-review/index_en.htm

SMEs are independent companies with fewer than 250 employees.

They provide two out of every three private sector jobs in the European Union and are responsible for 85% of new jobs created. SMEs account for 67% of total employment and 58% of gross value added (GVA).

Latest research shows that SMEs continue to form the bedrock of the European economy, with some 20.6 million companies employing more than 87 million people. SMEs account for more than 99.8% of all enterprises.

Micro companies – defined as enterprises with fewer than 10 employees – represent the biggest share of enterprise in the EU (92%).

The European Enterprise Promotion Awards recognises and celebrates organisations and initiatives that use ground breaking, creative ways to help to create and sustain Europe’s SME and entrepreneurship community.

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Tags: employment, entrepreneurs, jobs, Micro-Enterprises, research, small business, SMEs

Promoting Enterprise

EEPA 2019 Testimonial – Grand Jury Prize February 20, 2020

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EEPA 2019 Testimonial – Responsible and Inclusive Entrepreneurship February 13, 2020

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Young voices, innovative ideas – Meet Youth Essay Competition winner Radu February 11, 2020

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EEPA 2019 Testimonial – Supporting the Development of Green Markets and Resource Efficiency February 6, 2020

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Young voices, innovative ideas – Meet Youth Essay Competition finalist Estelle February 4, 2020

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EEPA 2019 Testimonial – Supporting the Internationalisation of Business January 30, 2020

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Young voices, innovative ideas – Meet Youth Essay Competition finalist Enzo January 28, 2020

We are back with another SME Week Youth Essay Competition 2019 finalist! Today we are speaking to Enzo Ercole Ribagnac from France, who made himself stand out to the jury with his 1st submission that detailed the speech he would give as the new EU Commissioner for SMEs and Entrepreneurship. In his speech Enzo drew […]

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EEPA 2019 Testimonial – Improving the Business Environment January 23, 2020

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Organise an Energy Day at the EU Sustainable Energy Week (EUSEW) January 21, 2020

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EEPA 2019 Testimonial – Investing in Entrepreneurial Skills January 16, 2020

Ready to meet our next European Enterprise Promotion Awards (EEPA) 2019 winner? Meet IDEA Innovation Centre & Incubator – Accelerator for Start-ups from Cyprus, the winner of Investing in Entrepreneurial Skills! IDEA is an innovation centre and incubator and acts as an accelerator for startups. In order to invest in entrepreneurial skills, IDEA undertakes a […]

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