The Enterprise Europe Network presents its SME Growth Outlook for 2018-19 at the Web Summit

Lisbon, 6 November 2018– Today, the Enterprise Europe Network– the world’s largest support network for small and medium-sized enterprises (SMEs) with international ambitions – presented the SME Growth Outlook 2018-19 at the Web Summit in Portugal.Based on survey data from businesses using the Network's services, the report provides insight into how SMEs across Europe view growth in terms of turnover, workforce, market share, prospects for international expansion, and innovation.

 According to the latest data from the Enterprise Europe Network, in the coming year:

  • 63% of SMEs who internationalise expect to increase their turnover
  • 33% expect to create jobs 
  • 54% expect to increase their market share

 Web Summit 2018: how the EU supports high-tech SMEs 

The Enterprise Europe Network is at this year’s Web Summit, Europe’s largest technology marketplace,to showcase real-life examples of how its services benefit innovative European businesses. The Web Summit provides a unique forum for discussion on the most innovative technological trends. 

Alongside Network business advisers, five of the 2.6 million European businesses that have benefited directly from the Network’s services are joining the conversation at the Web Summit. This year’s delegation of Enterprise Europe Network SME ambassadors comprises:

  •  TAWNY – developing emotionally intelligent software (Germany)
  • Engidi – innovating workplace safety (Spain)
  • OiOi – creating interactive installations using the latest digital technology (Finland)
  • Ledger – operating in the cryptocurrency sector (France)
  • Vision-Box –pioneering smart biometric ID technology (Portugal)

Included in the Network’s SME Growth Outlook is country-specific data for Germany, Spain, Finland, France and Portugal. In the coming year: 

  • 56% (DE), 61% (ES), 71% (FI), 56% (FR) and 69% (PT) of SMEs who internationalise expect to increase their turnover
  • 30% (DE), 36% (ES), 42% (FI), 34% (FR) and 31% (PT) of SMEs expect to create jobs
  • 46% (DE), 54% (ES), 68% (FI), 48% (FR) and 70% (PT) of SMEs expect to increase their market share

 Celebrating 10 years of support to SMEs  

The Enterprise Europe Network, which celebrates its 10th anniversary this year,brings together around 600 business support organisations from more than 60 countries. Together, they offer small businesses advice and technical help to nurture their international ambitions, find business partners, and access funding and finance. 

The Network was launched by the European Commission in 2008. Over the past 10 years, the Network supported 2.6 million SMEs across Europe, providing information services and training sessions. Over 9,500 SMEs received guidance to take their innovation to market, while over 230,000 SMEs participated in brokerage events held by the Network, and over 415,000 SMEs benefited from tailored business advice.

This support is crucial for Europe’s economy. New companies mean new jobs and new products on the market, and early targeted support to help small businesses is a crucial investment in the future. The Enterprise Europe Network is a key instrument in the EU’s strategy to boost growth and jobs. 

For more information on the Enterprise Europe Network:
Read the Enterprise Europe Network SME Growth Outlook 2018-19 here.