Call to action - Supporting SMEs' access to COVID-19 support funding via professional advice

EFAA for SMEs, together with SMEunited, Accountancy Europe and ACCA, asks for action to ensure that SMEs have better access to professional advice on the most appropriate COVID-19 recovery measures

7 December 2020 - The COVID-19 crisis continues to have a huge negative impact on hundreds of thousands of Small and Medium-Sized Entities (SMEs). The European Union (EU) and national governments are already addressing the issue, having set up strong support measures to assist companies including SMEs, that collectively provide two thirds of all jobs in the EU, and account for more than half of Europe’s GDP.

However, these support measures will only be effective if SMEs can actually smoothly access them and are able to use the funding in most efficient ways. There are several challenges to this:

Therefore, SMEunited, Accountancy Europe, EFAA for SMEs and ACCA (the Association of Chartered Certified Accountants) recommend the following actions:

Please click here to read the full joint call.