EUROCITIES: the network of European cities

What I’m going to say

 Why is this so important?  How can cities support entrepreneurs?

 Recommendations to European Commission
 Specific recommendations on COSME (2014-2020)

 What we’re doing in Liverpool

Why is this so important?

% who would prefer to be self-employed
 EU27 45%  South Korea 51%  USA 55%  China 71%
[Source – Entrepreneurship in the EU and beyond, European Commission, 2009]

Why is this so important?

Top 2 reasons for preferring employee status
 EU27 (1) regular, fixed income, (2) stability of employment  South Korea (1) stability of employment, (2) regular, fixed income  USA 55% (1) other reason, (2) regular, fixed income, stability of employment much lower

 China 71% (1) lack of finances, (2) lack of skills
[Source – Entrepreneurship in the EU and beyond, European Commission, 2009]

Why is this so important?

Employment preference
 In EU27 – lack of ideas, lack of skills, lack of finance, red tape, legal/social consequences of failure not major factors
[Source – Entrepreneurship in the EU and beyond, European Commission, 2009]

Why is this so important?

% who think self-employment is feasible
 EU27 29%  South Korea 23%  USA 36%  China 44%
[Source – Entrepreneurship in the EU and beyond, European Commission, 2009]

Why is this so important?

How can cities support entrepreneurs?

Cities develop support services tailored to local realities and specificities
 financial incentives for business development, including in deprived areas  business incubators  clusters  networking between local stakeholders  synergies between local companies, universities and researchers

Recommendations to the European Commission

 Improve coordination between European funds to help support entrepreneurship as part of local integrated development  Improve enterprise awareness  Target interventions on growth

 Facilitate access to finance through new schemes
 Promote and support research and development  Make public procurements rules more SME-friendly

 Develop indicators and gather evidence on entrepreneurship
 Support the internationalisation of small businesses  Support training schemes and the exchange of practices

Specific comments on COSME (2014-2020)
 COSME should reach cities and have a strong territorial dimension  The regulation should clarify what actions will be implemented to facilitate SME access to markets outside the European Union and international industrial cooperation

 The Enterprise Europe network should be strengthened
 Financial instruments should be easily accessible for SMEs

 There needs to be wide dissemination of information about COSME, especially to local and regional authorities

What we’re doing in Liverpool

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High growth start-ups Young people/graduates BME entrepreneurs Women entrepreneurs