Small and medium sized enterprises – SMEs

SMEs are a key part of any modern economy – 99%+ of enterprises are SMEs, providing at least half of value added and employment.

Our economic consultants use a wide range of quantitative and qualitative tools to assist public and private sector clients with:


Tracking developments in SME performance across the EU and making comparisons with SMEs in other regions.

Understanding drivers

Understanding the drivers that influence the performance of SMEs and their contributions to the wider economy, using a range of econometric techniques.

Future trends

Assessments of how SMEs may perform in future, including nowcasts and forecasts of SME value added and employment growth across the EU-28.


Evaluating SME public support programmes, public policies and impacts of policy reforms.

Examples of our work include the following.

  • We are a part of a consortium that produced the SME Annual report for the European Commission’s Directorate-General for GROWTH since 2013. Each year, the review produces an in-depth analysis of the performance of EU SMEs and their contribution to Member State economies. In addition, a special topic is reviewed.
  • Special topics for the SME Annual Report in recent years have included: the role of research and innovation in SMEs; the internationalisation of SMEs through trade, FDI and participation in global value chains; the development of self-employment; and the dynamics of employment creation by SMEs, the impact of bankruptcy regimes on business creation and entrepreneurship.
  • We undertook research for the European Parliament that examined ways in which the cost and barriers for SMEs in the European Single Market could be reduced.
  • We evaluated the economic impacts of the UK Enterprise Finance Guarantee (EFG) scheme – a loan guarantee programme for SMEs that are creditworthy but lack the collateral necessary to access external finance.
  • We were part of a consortium that examined for the European Commission’s Executive Agency for SMEs (EASME) the barriers and needs in the field of protection and enforcement of intellectual property for EU SMEs active in Latin America.

For queries related to our expertise in SMEs, please contact Patrice Muller, +44 (0) 20 3701 7701, [email protected].