The European Small and Mid-Cap Awards aim to promote best practices and encourage more small and medium-sized enterprises (SMEs) to access capital markets via IPOs. This is a joint initiative of the European Commission, leading European securities exchanges and EuropeanIssuers.
SMEs created the foundation for the European economy today and in the future. More than 98% of EU firms are SMEs, and they account for two thirds of all employment as well as nearly 60% of gross value added in the EU economy. As the basis for entrepreneurship, jobs and growth, SMEs require a favourable environment which meets their financing needs, in particular when accessing markets.
The Awards Ceremony was organised for the first time in 2013 by EuropeanIssuers and the Federation of European Securities Exchanges (FESE), at the initiative of the Directorate-General for Enterprise and Industry (now Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs) of the European Commission. These two associations represent together the European securities exchanges and the companies listed on them. The Awards showcase the diversity of European markets, and aim to promote stock listings, in particular targeting SMEs and growth companies. These companies are critical to European economic recovery and to accomplishing the EU’s goals of job creation, competitiveness and growth.