The European Innovation Council and SMEs Executive Agency (EISMEA) has published its Annual Report on European SMEs 2020/2021, one of the main tools the European Commission uses to monitor and assess countries’ progress in implementing the SME strategy and the Small Business Act (SBA). The annual report provides a synopsis of the size, structure and importance of SMEs to the European economy and an overview of their past and forecasted performance. Interestingly, the European Commission also provides an SME fact sheet at European and national level.
With an emphasis on the priorities under the SME strategy and the SBA, the review brings comprehensive information on the performance of SMEs in the EU and a wealth of data on the status of SMEs in Europe today. The first part of the report reviews the impact of the pandemic on EU SMEs in 2020, and the likely performance of EU SMEs in 2021. The second part of the report focuses on the digitalisation of SMEs. Finally, the report analyses the key challenges for SMEs on European scale.
Find the full report here.