The European Court of Auditors found that the European Commission’s SME Instrument scheme provides “useful and effective support” for small and medium-sized enterprises (SMEs) and start-ups, in a report published on Wednesday 22 January.
This scheme, with a fund of €3 billion for the 2014-2020 period, aims to provide financial support for the development of innovative projects. It is aimed at SMEs and start-ups in the EU and 16 associated countries.
“Supporting breakthrough...