Home / Knowledge / News / Textiles / 'Valencia govt must support textile firms for EU COSME'
'Valencia govt must support textile firms for EU COSME'
07
Dec '13
The government of the Spanish autonomous community of Valencia should encourage the participation of Valencian textile firms in the new program for the Competitiveness of Small and Medium Enterprises (COSME) initiated by the European Union (EU), said director general of European Funds and Projects Juan Viesca, during the recently held Association of Textile Entrepreneurs of Valencia (ATEVAL) meeting of European clusters of technical textiles.
 
According to the director general, the COSME project of EU is scheduled to begin from January 1, 2014 and would be ongoing for the period 2014-2020, with an investment of €2.3 billion. 
 
The director general explained that the European Commission estimates that around 330,000 EU companies can benefit through the COSME funding mechanism, which will undoubtedly lead to the creation of jobs.
 
During the ATEVAL meeting, the EU official said that almost €1.4 billion from the €2.3 billion COSME budget has been allocated to loans and risk capital to complement domestic financing in these SMEs.
 
Under the COSME project, SMEs in the EU countries would be provided with the credit facility of up to €150,000 to strengthen their competitiveness and sustainability, in order to promote culture of entrepreneurship as well as growth of SMEs.
 
The COSME project will help various SMEs, including textiles, to benefit from easier access to the EU markets and international markets, the entrepreneurs who want to work on their own and are facing challenges for expanding business would receive tailored services and supports and the authorities of the EU member states would also assist to develop and implement effective policy reform related to SMEs.
 

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 23rd Feb 2017

Pakistan invites Chinese firms to invest in Apparel Park

At a road show to set up the Quaid-e-Azam Apparel Park, Pakistan's...

Information Technology | On 23rd Feb 2017

Lectra unveils supply chain programme for fashion industry

Lectra, the world leader in integrated technology solutions dedicated ...

Textiles | On 23rd Feb 2017

Gujarat govt announces Rs 1,000 cr package for MSMEs

In its state budget for 2017-18, the Gujarat government has announced ...

Interviews View All

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search