1. EU- Israel SME Dialogue EU SME Policy - update 26 June 2014 Tel Aviv

2. The EU SME policy Subsidiarity EU action with added value EU has competency to improve the situation of SMEs.

3. The EU SME Policy SME policy Competition policy Internal Market Trade policy Regional policy Social Policy Environmental Policy Fiscal policy Consumer & health protection policies R&D Education Policy

4. SBA Governance Network of SME Envoys SME Assembly SME Performance Review

5. COSME and HORIZON COSME will provide: A debt facility (to provide guarantees to cover loans for SMEs with a particular focus on financing of SMEs up to €150.000) An equity facility (to invest in SMEs predominately at the growth & expansion stage) 5 Horizon will provide: A debt facility (to provide guarantees to cover loans for SMEs and small midcaps with a particular focus on financing RDI driven businesses >€150.000) An equity facility (to invest in SMEs predominately at the startup & early stage)

6. 6 Improving framework conditions Reducing administrative burden Supporting smart regulation: Fitness checks Registration time for a company Entrepreneurship Action Plan Erasmus for Young Entrepreneurs Mentor's networks Outreach: SME Assembly

7. SME Test's 4 steps 1.Consultation of SME representatives 2.Assesment of businesses likely to be affected (by size class) 3.Measurement of impact on SMEs 4.Alternative options and mitigating measures.

8. Examples Late payment directive Revision of the tachograph legislation The Waste Electrical and Electronic Equipment Directive

9. Thank you for your attention! Find out more: http://ec.europa.eu/enterprise/cosme/