Access to finance represents one of the most significant challenges for entrepreneurs and for the creation, survival and growth of small businesses. As governments address this challenge, they are running up against a major and longstanding obstacle to policy making: insufficient evidence and data. Better data is needed to understand the financing needs of SMEs and entrepreneurs and to provide the basis for informed institutional and public policy decisions.
This first edition of "Financing SMEs and Entrepreneurs: An OECD Scoreboard" represents a major step in addressing this obstacle by establishing a comprehensive international framework for monitoring SMEs’ and entrepreneurs’ access to finance over time. Comprising 18 countries, including Canada, Chile, Denmark, Finland, France, Hungary, Italy, Korea, the Netherlands, New Zealand, Portugal, Slovak Republic, Slovenia, Sweden, Switzerland, Thailand, the United Kingdom and the United States, the Scoreboard presents data for a number of debt, equity and financing framework condition indicators. Taken together, they provide governments and other stakeholders with a tool to understand SMEs’ financing needs, to support the design and evaluation of policy measures and to monitor the implications of financial reforms on SMEs’ access to finance.
- 19 Apr 2012
Emerging Trends in SME and Entrepreneurship Finance
This chapter analyses trends in SME and entrepreneurship finance for participating countries, based on data collected in the Scoreboard on financing SMEs and entrepreneurs and information from demand-side surveys. An overview of the global business environment and economic prospects sets the framework for the analysis of trends in lending to SMEs and equity financing over the period 2007 to 2010. The pre-crisis (2007) year serves as a benchmark to assess changes in SMEs’ access to finance during the crisis (2008-09) and the recovery (2010). The chapter concludes with an overview of government policy responses to improve SMEs’ and entrepreneurs’ access to finance during the crisis.