Governments ‘need to connect the dots’ between encouraging start-ups and delivering economic growth

The growth of Small and Medium Sized Enterprises (SMEs) needs long term and evolving support from government and the private sector, says a new global report commissioned by ACCA (the Association of Chartered and Certified Accountants) and prepared by Delta Economics.   Representing around two thirds of the employment and nearly 60% of the value added in the EU, SMEs are key contributors to sustainable growth. As part of its efforts to address long-term financing, the European Commission has clearly identified support for SMEs, particularly financing of SMEs, as a key area of focus.