As part of the Guidebook Series “How to support SME Policy from Structural Funds” the European Commission has published a guide “Improving Resource Efficiency in SMEs”.
Small and medium-sized enterprises (SMEs) are the backbone of European Union’s economy. They provide two-thirds of the total private sector employment in the EU and 85% of newly created jobs. SMEs and entrepreneurship are key to ensuring economic growth, innovation, job creation, and social integration in the EU.
Small companies are very closely associated with the regions in which they operate. The regions thus benefit directly from economically strong SMEs.
By enhancing their resource efficiency, SMEs improve their productivity, drive down costs, open up business opportunities in a greener, circular value chain and move Europe forward into a more resource efficient, low-carbon economy. Resource efficiency is a driver for growth.
Some regions have already developed specific supporting actions for SMEs. This guidebook presents case studies and initiatives already implemented with public and private funds. We therefore wish to intensify exchange of information between regional authorities, in order to learn from good practices in implementing support measures for resource efficiency improvements in SMEs.
Some of the examples depicted in the guide are either co-financed by the European Structural and Investment Funds (ESI Funds) or by other European Funds, whereas others have not benefited from this type of funding. They do, however, all illustrate how European Funds, when used effectively, can generate and stimulate resource-efficiency improvements and opportunities for SMEs.
For more information visit European Commision’s webpage.
Image credits: Photo by Austin Distel on Unsplash
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