Small and medium-sized enterprises (SMEs) are the engine of the European economy. More than 99% of all businesses in the European Union (EU) are SMEs, and two thirds of all private sector jobs are created by SMEs. SMEs generated €3.39-trillioni in 2012, almost 30% of the EU’s GDP.
Thousands of owners and directors of small and medium-sized enterprises across the EU – in Belgium, France, Germany, Italy, the Netherlands, Poland, and the United Kingdom (UK) – were surveyed. The goal was to identify trends and opportunities in exporting and to nd out what’s holding SMEs back so that these barriers can be overcome.
SMEs have an advantage over their larger competitors as their innate agility allows them to respond faster to changing market demand, seizing opportunities where they arise. UPS aims to help SMEs take advantage of the many opportunities opening up to them with the view that SME business growth is crucial to Europe’s economic growth.