ESBG responds to European Commission consultation
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>> Learn more: ESBG position on SME financing
BRUSSELS, 7 May 2018 – ESBG provided on 5 May feedback to the European Commission regarding the revision of the EU SME definition.
ESBG recommends an upward adjustment of the current thresholds regarding the number of employees, revenues and balance sheet totals to reflect economic evolutions since the initial introduction of the current definition in 2003. Moreover, the scope of eligibility criteria should be maintained as it is as well as the so-called grace period allowing SMEs to keep their status despite potential fluctuations regarding size and financial situations. A change in the EU SME definition may impact financial institutions in the scope of application of the SME Supporting Factor and of the EU financial instruments.