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Centre for Entrepreneurship, SMEs, Regions and Cities

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Financing SMEs and Entrepreneurs 2024

An OECD Scoreboard

Since 2020, a series of shocks to the global economy has had significant impacts on small and medium-sized enterprises (SMEs) and entrepreneurs and their access to finance. Most recently, significant inflationary pressures have led to tighter lending conditions, limiting the flow of finance to SMEs and acting as a barrier to investment. Financing SMEs and Entrepreneurs 2024: An OECD Scoreboard monitors SME and entrepreneurship financing trends, conditions and policy developments in close to 50 countries. It documents a strong increase in the cost of SME financing in 2022, alongside a significant decline in SME lending. Equity finance also fell sharply in 2022, after a year of historically high growth in 2021. Women-led and minority-owned businesses, which typically find it more difficult to access venture capital financing, were affected disproportionately. Against this backdrop, the Scoreboard highlights the recent measures governments have taken to support SME access to finance, including finance for the green transition. A continued focus on diversifying financial sources and instruments will be important to meet the different needs of all types of SMEs and entrepreneurs, and enable them to act as an engine of resilient, sustainable and inclusive growth.

Published on March 13, 2024 Latest available edition in: French

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TABLE OF CONTENTS

Preface
Foreword
Reader’s Guide
Acronyms and abbreviations
Executive Summary
Country snapshots
Methodology for producing the national Scoreboards
Recent developments in SME and entrepreneurship finance2 chapters available
Recent trends in SME and entrepreneurship finance
Sustainable finance for SMEs: Challenges and opportunities
Full Country Profiles45 chapters available
Australia
Austria
Belgium
Brazil
Canada
Chile
Colombia
Czech Republic
Denmark
Estonia
Finland
France
Georgia
Germany
Greece
Hungary
Ireland
Israel
Italy
Japan
Kazakhstan
Korea
Latvia
Lithuania
Luxembourg
Malaysia
Mexico
The Netherlands
New Zealand
Norway
People’s Republic of China
Peru
Poland
Portugal
Serbia
Slovak Republic
Slovenia
Spain
Sweden
Switzerland
Thailand
Türkiye
Ukraine
United Kingdom
United States
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