The European Union Cohesion Policy Contribution to the Stability and Innovativeness of the SMEs Cover Image

Принос на политиката за сближаване за стабилност и иновативност на МСП
The European Union Cohesion Policy Contribution to the Stability and Innovativeness of the SMEs

Author(s): Svetlana Aleksandrova-Zlatanska
Subject(s): Politics / Political Sciences, Economy, National Economy, Public Administration, Public Finances, Socio-Economic Research
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: European Union; Cohesion; Cohesion policy; SME (Small and Medium Enterprises); EU Funds; ERDF; Innovation; Competitiveness
Summary/Abstract: EU industry is funded by the European Regional Development Fund (ERDF) and it is a driver to the economic sustainability and competitiveness. The European priorities is to develop the economics sectors by technological and digital transformation and to increase competitiveness by internationalization and circular economy. The future cohesion policy (2021-2027) is aimed to boosting EU competitiveness through innovation, technological transformation, low-carbon economy and efficient use of natural resources. The growth of business activities is influenced by many factors, one of which is access for funding. The analysis focuses on the results of the Bulgarian program for innovation and competitiveness in terms of SMEs and industry development. The EU grant schemes have supported the technological modernization of the SMEs and start up innovative productions.