European policy on the development of Small and Medium-sized enterprises from the perspective of the Executive Agency for Small and Medium-sized Enterprises

Th e new fi nancing perspective in the European Union described for the years 2014–2020 and new economic and political challenges of Europe and the globalizing world demand new legal and institutional solutions. In that perspective, changes in fi nancing policy of research programs aimed at innovative technologies and products. Small and Medium- sized enterprises demand a particular support which not always may bear the funds of reaching and implementation of innovative technologies by themselves, especially those ecological ones, fi ghts administrative diffi culties connected with quite high fi nancial costs. For this purpose for a long time established the life of executive agencies, including Th e Executive Agency for Small and Medium-sized Enterprises. Th e Agency was entrusted the management of numerous EU’s programs, so far spread on other decentralized institutions or being subject directly to the Commission. Th e newly created Agency remains the structure similar to the existing similar institutions