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

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The first phase of #EEPA2021 is in full swing and some countries have already passed the deadlines for their national competitions. Meanwhile, more countries are approaching their national deadline and getting ready to submit their winners for the European Deadline on July 16th! Stay Updated #EEPA2021 For information about the European Enterprise Promotion Awards, visit […]

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SME Week 2021 – Upcoming events March 25, 2021

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Data 4 Healthy Recovery Hackathon launch February 25, 2021

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EU Industry Days 2021 February 18, 2021

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