COSME is the programme for the Competitiveness of enterprises and Small Medium Enterprises (SMEs) and aims to strengthen the competitiveness and sustainability of enterprises, including those operating in the tourism sector, encourage an entrepreneurial culture, and promote the creation and growth of SMEs.
With a budget of €2.5 billion, its objectives are to facilitate access to finance, create an environment favourable to businesses, increase the sustainable competitiveness of EU companies and ensure continuity with initiatives and actions already undertaken under the Entrepreneurship and Innovation Programme (EIP). COSME is expected to contribute to an annual increase of €1.1bn in the EU’s GDP.
The beneficiaries under this programme can either be existing entrepreneurs, future entrepreneurs and national, regional authorities.
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