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Financial Supports Provided to SMEs Within the Context of the European Union's Budget
Abstract
Along with their flexible production structures and rapid adaptation to technological innovations in the world economic race, SMEs are among the prominent wheels of both the EU economy and the whole world economy. In this chapter, the importance and the size of SMEs which contribute to production capacity, productive investments, economic growth, and national income, as well as employment and many other areas, are explicated using the current data; hence, the EU financial support programmes organized regarding the financial problems of SMEs are introduced. In this respect, the shares of the funding programmes offered to SMEs within the EU budget over the period from 2014 to 2020 in the Union's budget are assessed, and recommendations are made for the years 2021-2027.
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