Leaseurope, the voice of leasing and automotive rental in Europe, has supported the EU Commission SME Assembly with a masterclass showing how leasing can be a key source of finance for growing businesses.
The goal of the masterclass developed by Leaseurope was to give better insight into the use of leasing and to explain how it fits within the different finance sources available to SMEs, to enable investment, innovation and expansion.
Main topics dealt with during the masterclass included the role of leasing throughout the various development stages of SMEs over time, the key differences between bank loans and leasing and the main methods of accessing finance.
The masterclass was introduced and led by Peter-Jan Bentein, secretary general of the Dutch Leasing Association.
SMEs are responsible for 67% of total employment in the EU28 and account for approximately 58 cents in every euro of value added.
Morten Guldhaug, Leaseurope’s chair and executive vice-president of DNB, said: “SMEs undoubtedly play a vital role in providing jobs and in stimulating economic growth, making them a key focus for policymakers.
"Our masterclass demonstrates that leasing is a solid partner for SMEs that can accompany them in their day-to-day activities with user-friendly services and advice.”
The SME Assembly took place in Tallinn, Estonia and was organised by the European Commission, in co-operation with the Estonian Presidency of the Council of the European Union.
It was one of the highlights of European SME Week, which also included the European Enterprise Promotion Awards winners’ ceremony and a range of supporting events.