SME funding: Need for a new architecture
5 November 2015
PwC’s survey estimates that by 2020 the capital needs of small and medium-sized enterprises will amount to €13bn which requires approximately €7bn of equity and “soft” financing. About €9bn will have to be refinanced from banks to give impetus to fatigued SMEs.
A 3-pillar strategy to reinforce SME funding must be designed:
- Mobilising equity - Entrepreneurial Capital Fund
- Borrowing facilitation through better information - “White” Tiresias
- Better planning of resource deployment - National Program Coordinator
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Director, Internal Firm Services, Marketing & Communications, Athens, PwC Greece
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