Commission urges SMEs to reach out for EU funding

The European commissioner responsible for SMEs has urged Irish businesses to reach out and tap new EU ways of financing their businesses.

Elzbieta Bienkowska acknowledged that many SMEs in Ireland and the EU are struggling to access traditional bank loans.

During a two-day visit to Ireland, she met with Government officials and small business organisations to get the message across that SMEs will need new forms of financing if they are to prosper.