The importance of Small and Medium Sized Enterprises cannot be understated. In Dublin alone there are approximately 400,000 people employed in 100,000 companies in the SME sector.
has access to the necessary funds vital to their survival. Earlier this year, I organised key meetings for Irish business and banking groups with leading representative of the European Investment Bank (EIB) in Luxembourg. These meetings were highly successful and the EIB have agreed to put in place a 300 million Euro rescue package for Irish SMEs.
These funds are vital to help maintain jobs within the Irish economy. We must ensure that the SME sector survives and comes out stronger on the other side of this economic recession.
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The first European SME Week will begin tomorrow, 6 May, and run until 14 May. The campaign hopes to promote entrepreneurship across Europe and to inform entrepreneurs about support available for them at European, national and local level. It hopes to allow SMEs to discover an array of informaton, advice, support and ideas to help them develop their activities.
The SME Week seeks to:
Inform: provide and disseminate information on what the EU and the national authorities are offering by way of support to small businesses
Support: create an EU-SME partnership, underlining how Europe is stronger with more competitive SMEs and also the fact that the EU is ready to offer them support and advice
Inspire: motivate existing SMEs to broaden their outlook and further develop and grow their business
Share: float ideas and share the experiences of entrepreneurship and entrepreneurs
Encourage: convince young people that entrepreneurship is an attractive career option
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