Single Market Programme (SMP)

The Single Market Programme (SMP) is an EU funding initiative for 2021-2027 with a budget of €4.2 billion. It aims to strengthen the EU single market by focusing on several key areas: Improving the internal market's functioning through enhanced market surveillance and problem-solving support for citizens and businesses. Boosting competitiveness, particularly for small and medium-sized enterprises (SMEs). Developing effective European standards and international financial reporting standards. Enhancing consumer protection and food safety. Producing high-quality European statistics. The SMP consolidates activities previously funded separately, including COSME, consumer protection programs, and financial reporting initiatives. It provides grants and contracts to support projects aligned with its objectives. Funding is available to various entities including SMEs, public bodies, non-profit organizations, and research institutions. The program does not specify typical project financing amounts, as these vary based on the specific call for proposals or tender. Recent initiatives supported by the SMP include projects to boost the digital transition of social economy enterprises, promote circular value chains, and enhance the organizational capacity of SMEs in the social economy. The program also supports training for national judges in EU competition law and efforts to reduce food waste.