In the last 4-5 years, SMEs in the EU have recovered impressively from the effects of the global financial crisis. As a result of the recovery, between 2012 and 2016, the value of SMEs increased by 13.4%. SME employment also picked up between 2013 and 2014 and increased by 5.1 % by 2016.
FROM CRISIS TO RECOVERY: THE ROLE OF THE EU
POLICIES IN SUPPORTING MSMES
January 14, 2019
In the last 4-5 years, SMEs in the EU have recovered impressively from the effects of the global financial crisis. As a result of the recovery, between 2012 and 2016, the value of SMEs increased by 13.4%. SME employment also picked up between 2013 and 2014 and increased by 5.1 % by 2016.
While there are clear signs of an emerging start-up culture in the EU, recent years have revealed a need for more fast-growing businesses or scale-ups. On average in the EU-28, 9.2% of firms in the business economy’ were high-growth firms in 2014.