Improving SMEs' access to finance

Small and medium-sized enterprises are important to the EU economy, but are struggling due to lack of funding. In December 2011, the European Commission (EC) adopted a detailed non-legislative action plan (COM(2011) 870) presenting new ideas for finance and regulation as well as sharing of best practice. The EP is calling for support for a broader range of finance, in response to the problems of the credit crunch.