Small Business News | EC to help small businesses in Europe

An article in The Register has just announced that the European Commission has pledged €6.4bn for research investments across Europe for both academics and small businesses.

Following a ‘call for proposals’ later on today, an approximate 3,000 small businesses will end up benefitting out of a total 16,000 organisations. In order to qualify for the funds, organisations must meet the criteria working with economic and societal challenges: climate change, energy and food security, health and an ageing population. The hope is that provided funds will help kick start new businesses and create much needed jobs. €1.2bn will be allocated to technology and communications projects to support the Digital Agenda for Europe. Environmental research gets €205m and money for small and medium businesses must equal 35% of total spending – or €800m.

To read the full article, follow this link. Alternatively to read the official European Commission statement, go to the Europa website.

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