MIL-OSI Europe: Written question – Support for SMEs – E-002050/2024

Source: European Parliament

14.10.2024

Question for written answer  E-002050/2024
to the Commission
Rule 144
Georgios Aftias (PPE)

Based on the data held by the Greek chambers of commerce, EU funding is urgently needed for small to medium-sized enterprises (SMEs). However, access to green financing is not guaranteed because, according to the Piraeus Chamber of Commerce and Industry, reporting criteria are complex since funding is only offered for projects worth over EUR 2 000 000. Thus, this practice automatically excludes SMEs from green financing given that the average loan guarantee offered by the European Investment Bank is EUR 100 000.

Guaranteed access to funding is essential for SMEs to be able to engage in the green transition. SMEs, which are the backbone of the Greek economy, are driven by sustainability, competitiveness, liquidity, innovation and the skills of their employees.

In view of this:

  • 1.What will the Commission do for SMEs to obtain flexible financing?
  • 2.Will the reporting process be simplified?
  • 3.When will this process be complete?

Submitted: 14.10.2024

Last updated: 28 October 2024

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