| General objective: | | 1. | To strengthen the competitiveness and sustainability of the Union's enterprises, particularly SMEs |
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| Current situation | Long term target and milestone (2020) |
| A.1. | Performance of SMEs as regards sustainability |
| Will be measured in on a regular basis, for example by means of a Eurobarometer survey | Increase in the proportion of Union SME producing green, i.e. environmentally friendly, products (2) compared to baseline (initial measurement) |
| A.2. | Changes in unnecessary administrative and regulatory burden on both new and existing SMEs (3) |
| Number of days to set up new SME in 2012: 5,4 working days | Marked reduction in number of days to set-up a new SME |
| Cost of start-up in 2012: EUR 372 | Marked reduction in the average start-up costs in the Union compared to baseline |
| Number of Member States where the time needed to get licences and permits (including environmental permits) to take up and perform the specific activity of an enterprise is one month: 2 | Marked increase in the number of Member States where the time needed to get licences and permits (including environmental permits) to take up and perform the specific activity of an enterprise is one month |
| Number of Member States with a one-stop shop for business start-ups so that entrepreneurs can carry out all the required procedures (e.g. registration, tax, VAT and social security) via a single administrative contact point, whether physical (an office), virtual (web), or both in 2009: 18 | Marked increase in the number of Member States with a one-stop shop for business start-ups |
| A.3. | Changes in the proportion of SMEs exporting within or outside the Union |
| 25 % of SMEs export and 13 % of SMEs export outside the Union (2009) (4) | Increase in the proportion of SMEs exporting and increase in the proportion of SMEs exporting outside the Union compared to baseline |
| General objective: | | 2. | To encourage an entrepreneurial culture and promote the creation and growth of SMEs |
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| Impact indicator | Current situation | Long term target and milestone (2020) |
| B.1. | Changes in SME growth |
| In 2010 SMEs provided more than 58 % of total Union Gross Value Added | Increase of SME output (value added) and employees compared to baseline |
| Total number of employees in SMEs in 2010: 87,5 million (67 % of private sector jobs in the Union) |
| B.2. | Changes in the proportion of Union citizens who wish to be self-employed |
| This figure is measured every two or three year by a Eurobarometer survey. The latest figure available is 37 % in 2012 (45 % in 2007 and 2009) | Increase in the proportion of Union citizens that would like to be self-employed compared to baseline |
| Specific objective: | To improve access to finance for SMEs in the form of equity and debt |
| C. | Financial instruments for growth |
| Latest known result (baseline) | Long term target (2020) |
| C.1. | Number of firms benefiting from debt financing |
| As of 31 December 2012 EUR 13,4 billion in financing mobilised, reaching 219 000 SMEs (SME Guarantee (SMEG) Facility) | Value of financing mobilised ranging from EUR 14,3 billion to EUR 21,5 billion; number of firms receiving financing which benefit from guarantees from the COSME programme ranging from 220 000 to 330 000 |
| C.2. | Number of venture capital investments from the COSME programme and overall volume invested |
| As of 31 December 2012 EUR 2,3 billion in venture capital funding mobilised to 289 SMEs (High Growth and Innovative SME Facility, GIF) | Overall value of venture capital investments ranging from EUR 2,6 billion to EUR 3,9 billion; number of firms receiving venture capital investments from the COSME programme ranging from 360 to 540 |
| Leverage ratio for the SMEG Facility 1:32
Leverage ratio for GIF 1:6,7
| Debt instrument 1:20 - 1:30
Equity instrument 1:4 - 1:6 (5)
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| C.4. | Additionality of the EFG and LGF |
| Additionality of the SMEG Facility: 64 % of final beneficiaries indicated that support was crucial to find the finance they needed
Additionality of the GIF: 62 % of GIF final beneficiaries indicated that support was crucial to find the finance they needed
| Increase in the proportion of final beneficiaries that consider the EFG or the LGF to provide funding that could not have been obtained by other means compared to baseline |
| Specific objective: | To improve access to markets, particularly inside the Union but also at global level |
| D. | International Industrial Cooperation |
| Latest known result (baseline) | Long term target (2020) |
| D.1. | Number of cases of improved alignment between Union and third countries' regulations for industrial products |
| It is estimated that in regulatory co-operation with main trading partners (US, Japan, China, Brazil, Russia, Canada, India) there is an average of 2 relevant areas of significant alignment of technical regulations | 4 relevant areas of significant alignment of technical regulations with main trading partners (US, Japan, China, Brazil, Russia, Canada, India) |
| E. | Enterprise Europe Network |
| Latest known result (baseline) | Long term target (2020) |
| E.1. | Number of partnership agreements signed |
| Partnership agreements signed: 2 475 (2012) | Partnership agreements signed: 2 500/year |
| E.2. | Recognition of the Network amongst SME population |
| Recognition of the Network amongst SME population will be measured in 2015 | Increase in the recognition of the Network amongst SME population compared to baseline |
| E.3. | Client satisfaction rate (% SMEs stating satisfaction, added-value of specific service provided by the Network) |
| Client satisfaction rate (% SMEs stating satisfaction, added-value of specific service): 78 % | Client satisfaction rate (% SMEs stating satisfaction, added-value of specific service): > 82 % |
| E.4. | Number of SMEs receiving support services |
| Number of SMEs receiving support services: 435 000 (2011) | Number of SMEs receiving support services: 500 000/year |
| E.5. | Number of SMEs using digital services (including electronic information services) provided by the Network |
| 2 million SMEs per year using digital services | 2,3 million SMEs per year using digital services |
| Specific objective: | To improve framework conditions for the competitiveness and sustainability of Union enterprises, particularly SMEs, including in the tourism sector |
| F. | Activities to improve competitiveness |
| Latest known result (baseline) | Long term target (2020) |
| F.1. | Number of simplification measures adopted |
| 5 simplification measures per year (2010) | At least 7 simplification measures per year |
| F.2. | Making the regulatory framework fit for purpose |
| Fitness checks have been launched since 2010. The only relevant fitness check so far is the on-going pilot project regarding "type approval for motor vehicles" | Up to 5 fitness checks to be launched over the course of the COSME programme |
| F.3. | Number of Member States using the competitiveness proofing test |
| Number of Member States using the competitiveness proofing test: 0 | Marked increase in the number of Member States using the competitiveness proofing test |
| F.4. | Resource efficiency (which may include energy, materials or water, recycling, etc.) actions taken by SMEs |
| Will be measured on a regular basis, for example by means of a Eurobarometer survey | Increase in the proportion of Union SMEs that are taking at least one action to be more resource efficient (which may include energy, materials or water, recycling, etc.) compared to baseline (initial measurement)
Increase in the proportion of Union SMEs that are planning to implement additional resource efficiency actions (which may include energy, materials or water, recycling, etc.) every two years compared to baseline (initial measurement)
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| Latest known result (baseline) | Long term target (2020) |
| G.1. | Number of Member States using SME test |
| Number of Member States using SME test: 15 | Marked increase in the number of Member States using SME test |
| Specific objective: | To improve framework conditions for the competitiveness and sustainability of Union enterprises, particularly SMEs, including in the tourism sector |
| Latest known result (baseline) | Long term target (2020) |
| H.1. | Participation in transnational cooperation projects |
| Three countries covered per project in 2011 | Increase in the number of Member States participating in transnational cooperation projects funded by the COSME Programme compared to baseline |
| H.2. | Number of destinations adopting the sustainable tourism development models promoted by the European Destinations of Excellence |
| Number of European Destinations of Excellence awarded in total: 98 (on average 20 per year – in 2007-10, in 2008-20, in 2009-22, in 2010-25, in 2011-21) | More than 200 destinations adopting the sustainable tourism development models promoted by the European Destinations of Excellence (about 20 every year) |
| Latest known result (baseline) | Long term target (2020) |
| I.1. | Number of new products/services in the market |
| Will be measured on a regular basis
(So far this activity was restricted to analytical work of limited scale)
| Increase in the cumulative number of new products/services compared to baseline (initial measurement) |
| Specific objective: | To promote entrepreneurship and entrepreneurial culture |
| J. | Support for entrepreneurship |
| Latest known result (baseline) | Long term target (2020) |
| J.1. | Number of Member States implementing entrepreneurship solutions based on good practice identified through the programme |
| Number of Member States implementing entrepreneurship solutions: 22 (2010) | Marked increase in the number of Member States implementing entrepreneurship solutions |
| J.2. | Number of Member States implementing entrepreneurship solutions targeting potential, young, new and female entrepreneurs, as well as other specific target groups |
| Currently, 12 Member States participate in the European Network of Mentors for Women Entrepreneurs. Currently, 6 Member States and 2 regions have a specific strategy for Entrepreneurship Education, 10 Member States have incorporated national objectives related to entrepreneurship education in broader lifelong learning strategies and in 8 Member States entrepreneurship strategies are currently under discussion | Marked increase in number of Member States implementing entrepreneurship solutions targeting potential, young, new and female entrepreneurs, as well as other specific target groups compared to baseline |
