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Commenced in January 2007 Frequency: Monthly Edition: International Publications Count: 29404

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Financial Sources and Instruments for Public Grants and Financial Facilities of Smes in EU
Mostly of public financing programs at national and regional level are funded from European Union sources. EU can participate directly to a national and regional program (example LEADER initiative, URBAN…) or indirectly by funding regional or national funds.Funds from European Union are provided from EU multiannual financial framework form which the annual budget is programmed. The adjusted program 2007-2013 of the EU considered commitments of almost 1 trillion Euros for the EU-28 countries. Provisions of the new program 2014-2020 consider commitments of more than 1 trillion Euros. Sustainable growth, divided to Cohesion and Competitiveness for Growth an Employment, is one of the two principal categories; the other is the preservation and management of natural resources.Through this financing process SMEs benefited of EU and public sources by receiving grants for their investments. Most of the financial instruments are available indirectly through the national financial intermediaries. Part of them is managed by the European Investment Fund.The paper focuses on the public financing to SMEs by examining case studies on divers forms of public help. It tries to distinguish the efficiency of the examined good practices and therefore try to have some conclusions on the possibility of application to other regions.
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[1] European Commission, European Union Support Programmes for SMEs, An overview of the main funding opportunities available to European SMEs, 2012, Brussels.
[2] European Commission, Commission proposals for the Multiannual Financial Framework 2014-2020, 2012, mff/commission-proposals-for-the-multiannual-financial-framework-2014-2020/index_en.cfm, 1.04.2014
[3] M. Woźniak, "Znaczenie dotacji jako formy wspierania rozwoju małych i średnich przedsiębiorstw” in Wybrane zagadnienia społeczno-gospodarcze w okresie transformacji rynkowej, ed. Stanisław Szydło. — Kraków: Wydawnictwa AGH, 2012, pp . 205-222.
[4] M. Woźniak, System wspierania małych i średnich przedsiębiorstw w Małopolsce, AGH Akademia Górniczo-Hutnicza, Kraków 2010, pp. 225-229.
[5] M. Woźniak, "Ocena znaczenia finansowych instrumentów wspierania przez małe I średnie przedsiębiorstwa”, Przegląd Organizacji No:7-8, 2011, p. 53.
[6] European Commission, Financial Programming and Budget, 2013, in:, 30.03.2013.
[7] European Investment Fund, SMEs access to Finance, Regional approach through JEREMIE, 2005, Luxembourg.
[8] European Investment Fund, A new way of using EU Structural Funds to promote SME access to finance via Holding Funds, 2012, Luxembourg.
[9] R. Camp, The search for industry best practices that lead to superior performance, Productivity Press, 1989.
[10] S. Karafolas and M. Woźniak, "Loan Guarantee schemes: private and public examples”, International Journal of Social, Management, Economics and Business Engineering, 2014, 8, (5), p 1227.
[11] R. Nemeth, "Centrope Transnational Innovation Voucher (CTT)”, DIFASS Good Practice Fact Sheet No 16, Workshop Theme: Mixed Grant/Non Grant Schemes, Sardinia 19th – 20th June 2013,, 1.07.2014.
[12] V. Ragias, "Local Development Fund”, DIFASS Good Practice Fact Sheet No 18, Workshop Theme: Mixed Grant/Non Grant Schemes, Sardinia 19th – 20th June 2013,, 1.07.2014.
[13] S. Karafolas, V. Ragias, "The LEADER+ Initiative (LEADER+)”, DIFASS Good Practice Fact Sheet No 21, Workshop Theme: Mixed Grant/Non Grant Schemes, Sardinia 19th – 20th June 2013,, 1.07.2014.
[14] S. Karafolas, "Public financial support to investments in rural areas: the case of the region of Thessaly in Greece”, International Journal of Economic Sciences and Applied Research, 2013, 6 (2), pp. 81-101
[15] F. Fionda, "Regional Aid Scheme for Competitiveness”, DIFASS Good Practice Fact Sheet No 19, Workshop Theme: Mixed Grant/Non Grant Schemes, Sardinia 19th – 20th June 2013,, 1.07.2014.
[16] S. Martins, "Bejaglobal Combined Access to Loans and Grants for Innovative Rural Start Ups”, DIFASS Good Practice Fact Sheet No 22, Workshop Theme: Mixed Grant/Non Grant Schemes, Sardinia 19th – 20th June 2013,, 1.07.2014.
[17] M. Gorosko, "Prototron Fund”, DIFASS Good Practice Fact Sheet No 17, Workshop Theme: Mixed Grant/Non Grant Schemes, Sardinia 19th – 20th June 2013,, 1.07.2014.
[18] DIFASS, "Good Practice Workshop – Theme 4: Mixed Grant/Non Grant Schemes. Policy Recommendation Summary”, 19-20 June 2013 – Sardinia, Italy,, 1.07.2014.
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