REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND THE COUNCIL COSME 2014-2020 Programme for the Competitiveness of Enterprises and SMEs 2016 Monitoring Report
Date: 2021-11-08
Institutions: Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs, European Commission
Subjects: EU aid, EU financing, EU programme, aid to undertakings, climate change policy, competitiveness, entrepreneurship, financial control, market access, small and medium-sized enterprises

EN 

  EN 

   EUROPEAN COMMISSION  Brussels, 8.11.2021  COM(2021) 682 final  REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND THE COUNCIL COSME      2014-2020 Programme for the Competitiveness of Enterprises and SMEs               2016 Monitoring Report          
 
 
 
 
 
Contents 

1. Introduction .......................................................................................................................... 2 

2. Activities and results 2016 ................................................................................................... 3 

2.1 Access to Finance ................................................................................................................ 4 

2.2 Access to markets ............................................................................................................... 5 

2.3 Improving Framework Conditions And Competitiveness ............................................. 6 

2.4 Promoting Entrepreneurship and Entrepreneurial Culture ......................................... 8 

3. Support measures and Administrative Expenditure ........................................................ 9 

4. Contribution to the Climate Mainstreaming objective ..................................................... 9 

5. Conclusion ........................................................................................................................... 10 

ANNEX .................................................................................................................................... 11 

1 

 
 
 
 
 
 
1. INTRODUCTION 

COSME is an EU programme to improve the competitiveness of enterprises, especially small 
and  medium-sized  enterprises  (SMEs).  It  builds  on  the  2007-2013  entrepreneurship  and 
innovation 
innovation  programme  (EIP)  established  under 
framework  programme.  It  seeks  to  optimise  links  with  other  EU  spending  programmes,  in 
particular the European Structural and Investment Fund and Horizon 2020, which includes the 
innovation activities that were previously part of the EIP.  

the  competitiveness  and 

COSME adds value by addressing transnational issues and market failures in four key areas1: 

1.  Improving access to finance for SMEs in the form of equity and debt (at least 60% of 

the total budget); 

2.  Improving access to markets inside and outside the EU (21.5%); 

3.  Improving  framework  conditions  and  competitiveness  for  businesses,  including 

SMEs (11%); 

4.  Promoting entrepreneurship (2.5%). 

In addition to the 282 EU Member States, the following countries participated in COSME in 
2016:  Albania,  Serbia,  Armenia,  Turkey,  Montenegro,  North  Macedonia,  Ukraine  and 
Moldova. 

The Commission is responsible for the overall implementation of COSME. The first objective 
is implemented through the financial instruments entrusted to the European Investment Fund 
(EIF).  Objectives  2,  3  and  4  are  mainly  delegated  to  the  Executive  Agency  for  SMEs 
(EASME)3. Indirect management by international organisations is also envisaged for certain 
analytical and benchmarking activities.  

This report gives an overview of the COSME budget implementation in 2016, as required by 
the regulation. Given the multiannual nature of many projects, the decision was taken to delay 
the publication in order to allow the inclusion of comprehensive results and data in the report.  

The  report  includes  support  measures  and  administrative  expenses.  Details  on  the 
implementation  of  each  objective  are  available  on  the  website4  along  with  the  list  of 
beneficiaries. 

1 Regulation (EU) N° 1287/2013 of the European parliament and of the Council of 11 December 2013. 
2 EU-27 + UK, with UK being part of the European Union at the time of the project execution. 
3 As from 1 April 2021, the executive agency implementing the COSME projects is EISMEA (European 
Innovation Council and SMEs executive agency). 
4 Programming, monitoring and evaluation | Internal Market, Industry, Entrepreneurship and SMEs (europa.eu)  

2 

 
 
 
 
 
 
 
                                                 
2. ACTIVITIES AND RESULTS 2016 

The overall planned budget for COSME in 2014-2020 (7 years) is EUR 2.3 billion including 
administrative costs. The financial commitments are planned to increase progressively up to 
2020 (the programme’s  final  year).  An annual  work programme  with  accompanting support 
measures is set for each year. 

The COSME budget is implemented through four budget lines with appropriations specified 
by  the  corresponding  revised  financing  decision  for  20165.  After  adding  contributions  from 
third  countries,  unused  appropriations  from 
the  previous  programming  period  and 
miscellaneous transfers the budget available for 2016 was: 

(a) budget line 02 01 04 01 for administrative expenditures: EUR 3 154 272 

(b) budget line 02 01 06 01 for the functioning of the EASME agency: EUR 7 419 744 

(c) budget line 02 02 01 for all other operational expenditure: EUR 125 410 483 

(d) budget line 02 02 02 for access to finance operational expenditure: EUR 221 596 885 

The financing decision for support measures6 provides for a contribution of EUR 4 711 000, 
included in the budget line 02 02 01 of the EU’s general budget for 2016. 

On  average,  84%  of  COSME’s  activities,  with  the  exception  of  access  to  finance,  were 
delegated to EASME7. 

In total, 94.4% of the EUR 358 million euros available were committed. For payments, the 
implementation rate was on average 75%. 

5 C(2016) 63 final. 
6 C(2016) 60 final. 
7 SEC(2013) 493 final.  

3 

 
 
 
 
                                                 
2.1 ACCESS TO FINANCE  

The COSME Regulation specifies that at least 60% of the total budget (EUR 1.4 billion) 
should be allocated to the financial instruments for 2014-2020. 

In 2016, access to finance represented 62.5% of COSME’s financial envelope.  

EUR 221 million  was  available  for  the  financial  instruments  and  accompanying  actions, 
including transfers and third countries’ participation.  

EUR 137 million  was  committed 
EUR 70  million for the Equity Facility for Growth (EFG).  

for 

the  Loan  Guarantee  Facility 

(LGF)8  and 

In  2016,  EUR  0.8  million  was  committed  for  accompanying  actions,  including  promoting 
financial  instruments,  gathering  data  on  SMEs’  access  to  finance  and  a  study  on  improving 
SMEs’ access to public capital markets. 

Loan Guarantee Facility 

By the end of 2016, 67 guarantee agreements had been signed with financial intermediaries in 
21  countries  (18  Member  States  and  3  third  countries).  More  than  143 000  SMEs  received 
financing (51 000 in 2015) for an amount of almost EUR 5 547 million. This shows that the 
LGF,  by  providing  financing  to  riskier  SMEs  that  otherwise  would  not  have  had  access  to 
such financing, has an important impact on the real  economy in the EU and other countries 
participating  in  the  COSME  programme.  Furthermore,  combining  resources  with  EFSI  has 
allowed  sub-optimal  financing  situations  in  the  Member  States  to  be  addressed  much  faster 
than would have been possible under the LGF on its own, significantly speeding up the much-
needed financing of the economy. 

Equity Facility for Growth 

Four  commitments  were  signed  by  the  EIF  in  2016  under  the  EFG.  These  funds  mainly 
focused  on  investments  in  Germany,  the  UK  and  Sweden,  but  were  also  available  for 
investments  in  other  countries  and  for  cross-border  investments.  The  expected  volume  of 
investments  into  eligible  final  recipients  amounts  to  almost  EUR  470  million.  All  four 
operations signed in 2016 relate to growth and expansion stage funds. At the end of 2016, 9 
operations were signed - 6 for growth and expansion stage funds and 3 for multistage funds 
operating  in  combination  with  the  InnovFin  Equity  Facility  for  Early  Stage  set  up  under 
Horizon 2020.  

Awareness-raising activities 

8  Further  information  is  available  in  the  Report  from  the  Commission  to  the  European  Parliament  and  the  Council  on 
financial  instruments  supported  by  the  general  budget  according  to  Art.140.8  of  the  Financial  Regulation  as  at 
31 December 2016 and the accompanying Staff Working Document COM(2017) 535 final. 

4 

 
 
 
                                                 
 
In 2016 the Commission continued to update and promote the single portal on EU financial 
instruments9. The portal is a single information point for SMEs looking for EU financing in 
Europe. It provides and regularly updates the contact details of around 1 500 intermediaries, 
covering  EU  financial  instruments  from  various  programmes  (COSME,  Creative  Europe, 
EaSI,  ESIF,  EFSI,  InnovFin,  Life,  WB  Edif,  EIB/  EIF  own  resources).  The  financial 
instruments covered provide access to over EUR 120 billion over a seven-year period.  

In  cooperation  with  national  stakeholders  and  partner  organisations,  the  Commission  also 
organised 3 events in 2016: the European Small- and Mid-Cap Awards jury meeting, the Tax 
compliance costs for SMEs workshop and a journalists seminar with  28 journalists (one for 
each Member State) to inform them about the EU financial instruments.  

The Commission, together with the European Central Bank, conducts regular surveys on the 
access to finance of enterprises (SAFE). These surveys provide information on the financial 
situation, financing needs, access to financing and expectations of SMEs. The 2016 results10 
showed  that  access  to  finance  was  the  most  important  concern  of  9%  EU  SMEs  in  2016 
(down from over 15% in 2013), with bank loans remaining the most relevant form of external 
financing for 50% of the SMEs. 

2.2 ACCESS TO MARKETS   

The  COSME  Regulation  specifies  that  21.5% of  the  total  budget  should  be  devoted  to 
easing access to markets. 

In 2016 EUR 57.9 million was dedicated to the internationalisation of SMEs. 

COSME  provides  support  to  European  enterprises  and,  in  particular,  to  SMEs  to  help  them 
benefit  from  the  single  market  by  establishing  business  links  outside  their  own  country  and 
also to export outside Europe. 

Enterprise Europe Network (EEN) 

The EEN provides integrated business  support services to  companies who seek to  innovate, 
grow  and  explore  opportunities  in  the  single  market  and  third  countries.  The  Network 
provides services to around 250 000 SMEs per year, including specialised advisory services to 
some 70 000 SMEs.  

In 2016, 536 participating organisations from 92 consortia covering 38 EU and third countries 
were  associated  with  the  COSME  programme.  The  average  EU  contribution  to  the  eligible 
costs  of  Network  partners  was  about  55%.  These  ‘core  Network  partners’  worked  with  80 
business  cooperation  centres  grouped  in  30  consortia  covering  29  countries.  They  focus  on 
partnership  services  and  have  to  finance  their  activities  with  their  own  resources. (See 
https://een.ec.europa.eu/ for the current list of partners.) 

In  2016,  EASME  started  to  systematically  gather  information  from  Network  clients  on  the 
impact  they  expect  the  services  to  have  on  their  businesses.  Feedback  was  gathered  on  the 

9 www.access2finance.eu 
10 Detailed results available at: http://ec.europa.eu/growth/safe 

5 

 
 
                                                 
expected impact of both partnership agreements and advisory services on meeting three key 
Network  objectives:  market  improvement  (market  share/turnover);  positive  impact  on  jobs; 
and improved competitiveness through innovation. Results showed that nearly 70% of clients 
expect  that  Network  support  will  improve  their  market  situation,  nearly  50%  that  it  will 
improve their competitiveness, and over 40% that it will help them preserve or create jobs.  

Other activities 

The corporate communication campaign on COSME’s benefits for SMEs targeted 1.6 million 
SME  owners  in  Bulgaria,  Czechia,  Estonia,  Lithuania  and  Slovenia.  Phase  I  focused  on 
organising  an  info  day  for  stakeholders  in  each  country.  Phase  II  focused  on  encouraging 
them  to  spread  information  about  EU  and  national  policies  and  opportunities  through  their 
channels. To increase SMEs’ use of services/tools provided at EU level, the action aimed at 
promoting  local  networks  and  info  access  points  (such  as  the  EEN  and  the  relevant 
portals/web-sites). A key element of the campaign was its online and social media part, which 
achieved  207.2  million  ad  impressions,  919 000  link  clicks,  2.2  million  video  views,  and 
21 781 social media engagements. 

EU-Japan cooperation continued to develop thanks to the annual EUR 2.8 million grant to the 
EU-Japan  Centre.  The  Centre  was  set  up  to  improve  European  businesses’  access  to  the 
Japanese  market,  by  providing  them  with  the  needed  data  on  local  conditions  and  by 
acquainting  them  with  commercial  and  industrial  practices  that  EU  businesses  are  facing  in 
Japan.  Training  on  production  technologies,  quality  management  and  innovation  aimed  to 
increase the competitiveness of EU businesses. 

The  Your  Europe  Business  Portal  attracted  3.5  million  unique  visitors  in  2016  which  is  an 
increase of 118% compared to 2015. The most visited sections11 are VAT and customs (44%), 
funding  (25%),  and  selling  abroad  (9%).  Users  who  need  more  expert  advice  may  send 
enquiries to a member of the EEN directly from the portal. From January to December 2016 
EEN  partners  received  close  to  4 000  requests  via  the  portal.  Finance  was  the  top  subject 
(49% of enquiries) followed by expanding abroad (13%) and EU law and research (9%). 

According  to  a  survey  of  portal  visitors  conducted  at  the  beginning  of  2017,  over  89%  of 
users rate the portal as excellent, good or satisfactory. 

2.3 IMPROVING FRAMEWORK CONDITIONS AND COMPETITIVENESS 

The  COSME  Regulation  specifies  that  11%  of  the  total  budget  should  be  devoted  to 
improving framework conditions and competitiveness. 

In 2016, EUR 37.9 million was allocated to this objective. 

COSME  funded  actions  that  aim  to  promote  the  internationalisation  of  clusters,  to  create 
favourable  conditions  for  the  competitiveness  of  the  tourism  sector,  to  develop  social 
businesses, and to increase the competitiveness of other strategically important sectors in the 

11 VAT and customs is now called ‘Taxation’, funding is now called ‘Finance and funding’, and Selling abroad 
is now called ‘Selling in the EU’. 

6 

 
 
                                                 
EU.  COSME  also  promoted  the  better  regulation  platform,  and  the  establishment  of 
cooperation networks for industrial renaissance.  

Clusters 

The  ‘Clusters  internationalisation  programme  for  SMEs’  supports  consortia  that  wish  to 
develop a joint international strategy, as well as the internationalisation of SMEs, especially 
in emerging thematic areas. It also helps facilitate international cluster cooperation by further 
developing the European cluster collaboration platform. 

Cluster  initiatives  targeted  groups  of  specialised  companies  and  supported  strategic 
interregional  and  international  collaboration.  Thanks  to  the  European  cluster  collaboration 
platform’s online services it is now possible to map in a single place all cluster organisations 
in  Europe  and  beyond.  The  website  also  has  pages  dedicated  to  European  cluster  strategic 
partnerships,  matchmaking  events  and  international  cooperation.  The  matchmaking  events 
have  resulted  in  2 984  bilateral  meetings  being  been  organised  and  the  development  of  363 
cluster cooperation cases. 

Worth Partnership project 

This capacity-building project aims to help new talent (creative SMEs) produce and upscale 
innovative ideas and prototypes. It supports collaboration between fashion designers, creative 
businesses, crafters and manufacturers, and tech companies. 

In the first selection round, 41 partnership projects (involving 100 companies and designers) 
were  preselected,  of  which  27  were  chosen  and  collaboration  agreements  signed.  The  27 
selected projects involved 60 designers, starts ups and companies from 20 COSME countries, 
and several creative industries: 16 projects involved the fashion and textile sector, 2 footwear, 
3 accessorises, 3 furniture, 2 jewellery and 1 the leather sector.  

One example to illustrate the creativity of these projects is ‘Wear Pure’, a partnership between 
Spain  and the Netherlands to  manufacture  garments  made with  textiles incorporating a CO2 
purifying  technology  (CO2pure  is  a  mineral  and  micro-particle  compound  that  has  the 
property  of  mineralising  the  main  greenhouse  gases  CO2  and  NOx).  The  prototype  was 
designed digitally and manufactured using a 3D printer. More information is available here.  

Tourism  

The  tourism  initiatives  funded  by  COSME  in  2016  contributed  to  strengthening  the 
competitiveness  of  the  European  tourism  sector.  Financially,  the  biggest  action  was  on 
‘Supporting the internationalisation of EU tourism operators, the promotion of trans-European 
tourist products and the organisation of B2B matchmaking during international fairs’. Out of 
the  8  planned  matchmaking  events,  6  have  been  organised  so  far.  The  action  also  aimed  to 
gather  at  least  200  operators  at  each  international  event  and  to  promote  unique  European 
tourist destinations at 10 international tourist fairs 

An  action  with  the  OECD  helped  improve  knowledge  about  the  socioeconomic  aspect  of 
tourism  to  help  EU  institutions  and  national  public  authorities  shape  their  policies  and 
strategies. More research on tourism in the EU and OECD countries is needed (data, flows of 

7 

 
 
tourists, behaviours, expenditures, etc.). Under COSME, the OECD also prepared reports on 
tourism trends and policies (2018 report), on investment trends in tourism for effective policy 
responses, on megatrends to better shape the future of tourism, and on the impacts of terrorist 
incidents.  

The  visibility  of  European  destinations  of  excellence  has  increased  further.  All  17  of  the 
candidate  destinations  became  beneficiaries,  of  which  16  were  located  in  the  EU  and  1  in 
Serbia.  The  theme  chosen  for  the  2016  edition  was  ‘cultural  tourism’,  i.e.  the  awarded 
destinations  were  those  that  have  developed  a  specific  tourism  offer  based  on  their  local 
cultural assets. 

2.4  PROMOTING  ENTREPRENEURSHIP  AND  ENTREPRENEURIAL 
CULTURE 

The  COSME  Regulation  specifies  that  2.5%  of  the  total  budget  should  be  devoted  to 
promoting entrepreneurship and entrepreneurial culture. 

In 2016, EUR 14.2 million was allocated to this objective (4.6% of COSME’s total budget for 
that year), most of which was directed to Erasmus for young entrepreneurs. 

Erasumus for young entrepreneurs 

By  November  2018,  2 800  matches  had  been  made  between  new  entrepreneurs  and 
experienced  entrepreneurs,  with  98  intermediary  organisations  and  29  COSME  countries 
involved. Intermediary Organisations were available in 39 countries. 

A  support  office  was  selected  to  coordinate  and  support  the  activities  of  the  programme’s 
European  partnerships  and  intermediary  organisations.  The  support  office’s  role  is  to  assist 
and support the executive agency and the Commission in the management of the programme 
and to help with promotion and communication activities.  

European Network for early warning and for support to enterprises and second starters  

This Network aims to conceptualise, develop and implement support services for companies 
and company-owners in difficulty as well as honest bankrupt entrepreneurs vying for a second 
chance. Each year more than 200 000 EU businesses face insolvency, and 1,7 million jobs in 
the EU are lost due to insolvency. Moreover, the risk of bankruptcy is what Europeans fear 
most about setting up a new business: 43% of Europeans would not start a business if it might 
fail compared to just 19% in the United States. 

Early  Warning  Europe  established  early  warning  mechanisms  in  Poland,  Spain,  Italy  and 
Greece,  providing  support  to  3 500  companies  in  distress  in  2017-2019.  The  Commission 
supported  the  establishment  of  early  warning  mechanisms  in  five  additional  EU  Member 
States  in  2017-2019  –  the  ‘second  wave  countries.’  The  project’s  ultimate  goal  was  to 
establish early warning mechanisms in all EU Member States.  

8 

 
 
 
3. SUPPORT MEASURES AND ADMINISTRATIVE EXPENDITURE 

COSME support measures are financed under budget line 02.0201. In 2016, EUR 4.7 million 
was allocated to support measures. 

Conferences,  workshops  and  expert  meetings  were  organised  with  various  stakeholders 
(including  national  authorities,  industry  and  consumer  organisations,  SMEs  representatives, 
non-governmental  organisations)  to  discuss  challenges  facing  different  industrial  sectors. 
Particular attention was devoted to recommendations on how to better address SMEs' needs 
and how to further foster competitiveness.  

Administrative  expenditure  represented  3%  of  the  budget  in  2016.  The  Commission’s  (DG 
GROW’s) administrative expenditure amounted EUR 3 154 272 and EASME’s amounted to 
EUR 7 419 744.  

A  notable  support  measure  financed  under  the  2016  budget  is  the  European  Network  of 
defence-related  regions,  which  brought  together  regions  with  dual-use  assets,  to  exchange 
best practices and cooperate. The aim was to increase the dual-use potential of their regional 
strategies (for smart specialisation), and enhance the dual-use market opportunities for SMEs 
in  line  with  the  2013  Communication  on  defence  and  the  2014  implementation  roadmap. 
Participating regions were involved in four events: ‘The dual use of cyber-security’ (Rennes, 
23  November  2016),  ‘Maritime  and  defence  dual-use  conference’  (Southampton,  4  May 
2017),  ‘Dual-use  conference-  drones  and  space’  (Aarhuus,  4  May  2017)  and  the  ‘European 
forum on defence and dual-use technologies in the maritime domain’ (Toulon, 20 September 
2018). These events helped collect many best practices, which the Network plans to publish at 
a later stage.  

information  and 
Administrative  expenditure  covered  studies,  expert  meetings,  and 
communication actions, including corporate communication of EU political priorities related 
to  COSME’s  general  objectives.  Expenses  linked  to  IT  networks  and  other  technical  and 
administrative  assistance  expenses  incurred  by  the  Commission  for  the  management  of  the 
COSME programme were also covered.  

4. CONTRIBUTION TO THE CLIMATE MAINSTREAMING OBJECTIVE 

The  COSME  programme’s  contribution  to  the  climate  mainstreaming  objective,  set  for  all 
Commission programmes, has been estimated at  EUR 20,7 million representing 6.6% of the 
financial allocation in 2016.   

Relevant objective/output 

Enterprise Europe Network 

Financial instruments 

DB 2016 
(EUR million) 

13.7 

7 

9 

 
 
 
 
Total 

20.7 

However,  for  several  COSME  actions  it  is  difficult  to  track  the  contribution  to  climate 
mainstreaming  without 
imposing  an  additional  administrative  burden  on  financial 
intermediaries and, ultimately, the hundreds of thousands of participating SMEs who are the 
final  recipients.  Moreover,  some  actions  such  as  the  WORTH  partnership  projects  have  an 
indirect impact on climate changes objectives which are not easily measurable.  

5. CONCLUSION 

Access to finance was a key action area in 2016. More than 143 000 SMEs received financing 
for  almost  EUR  5 547  million  under  the  Loan  Guarantee  Facility  (LGF),  and  guarantee 
agreements were signed in 21 countries. More than 91% of the SMEs that received financing 
had less than 10 employees, which illustrates that the LGF effectively targets SMEs that face 
particular difficulties in accessing the financing they need. 

COSME  continued  to  build  on  the  solid  experience  from  the  predecessor  programmes. 
Thanks  to  the  Enterprise  Europe  Network  (EEN),  over  7  million  SMEs  received  digital 
information  services.  More  than  250 000  companies  received  direct  support  services  (in  the 
form of information sharing, advice service, events, and IPR business & technology reviews).  

The framework conditions for EU SMEs were improved by cluster actions as well as actions 
targeted  to  the  tourism  sector.  The  EEN’s  integrated  business  support  services  helped 
facilitate SMEs' access to finance and markets, to decrease the disproportionate administrative 
burden  and  to  promote  entrepreneurship  across  the  EU.  As  an  SME-focused  programme, 
COSME  complemented  other  EU  programmes  and  built  on  the  solid  results  of  previous 
programmes.  

The COSME programme is on track to reach its objectives by the end of 2020, and its actions 
continue to be relevant for fostering economic growth and creating employment opportunities, 
while being aligned to the evolving needs of SMEs.  

10 

 
 
 
 
 
ANNEX 

Table: COSME total budget available in 2016 for commitments 

Budget line 02 01 04 01 for administrative expenditure  

Voted budget:  
Transfers: 
Contributions from third countries: 

Total budget available for commitments: 

2 766 027 
44 873 
343 372 

3 154 272 

Budget line 02 01 06 01 for the functioning of the EASME agency:  

Voted budget: 
Transfers: 
Contributions from third countries: 

Total budget available for commitments: 

Budget line 02 02 01 for all other operational expenditure 

Voted budget: 
Transfers:  
Contributions from third countries:  

Total budget available for commitments: 

7 005 395 
37 329 
377 020 

7 419 744 

110 863 958 
2 315 091 
12 231 435 

125 410 483 

Budget line 02 02 02 for access to finance operational expenditure  

Voted budget: 
Transfers: 
Contributions from third countries: 

Total budget available for commitments 

191 559 780 
10 913 776 
19 123 329 

221 596 885 

11 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Table: COSME budget execution in 2016 

 Commitments12 

Payments 

Budget 
Line 

Budget 
available 

Budget 
implemented 

Implemen
tation 

% 

Credits 
available for 
payments 

Payment 
executed 

Execution 

% 

02 02 02  Access to finance 

221 596 885 

209 325 361 

94.46% 

97 585 635 

67 550 195 

69.22% 

02 02 01 

Access to markets, business environment & 
entrepreneurship  

total budget 
committed in 2016 
including carry-
overs for 020201 

actions carried over 
to 2017 

actions carried over 
to 2017 

Carried 
over 
EASME 

Carried 
over 
GROW 

02 01 04 
01 

Administrative 
budget 

02 01 06 
01 

EASME - 
Administrative 
budget 

Operational 
budget committed 
in 2016 including 
carry-overs  

Total budget 
implemented, 
including adm. 
expenses, after 
execution of the 
carry-overs 

COSME 
Total 

125 410 483 

121 955 683 

97.25% 

67 233 839 

57 189 265 

85.06% 

66 039 149 

64 464 048 

94.59% 

1 189 050 

942 955 

79.30% 

3 154 272 

3 109 344 

98.58% 

3 154 272 

483 897 

15.34% 

7 419 744 

7 005 395 

94.42% 

7 419 744 

7 005 395 

94.42% 

347 007 368 

327 459 848 

94.4% 

357 581 384 

337 574 588 

94.4% 

175 393 490 

132 228 752 

75.39% 

12 Including the voted budget, third countries and EFTA contributions and transfers. 

12