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Report on the survey of EU start-ups and the COVID-19 pandemic

Authors: Ευρωπαϊκή Επιτροπή (ΕΚ) – Ευρωπαϊκό Δίκτυο Νεοφυών Επιχειρήσεων (ESN) στο πλαίσιο της σύμβασης GRO/SME/22/13030
Prototype Language: English

The report describes the results of the work performed by the European Startup Network (ESN) in the framework of the contract GRO/SME/22/13030, awarded by the European Commission (EC) for a survey to gather information about how the situation of start-ups has been evolving following the COVID-19 pandemic. The survey was financed by the Single Market Programme (SMP) of the EU.

The report provides a varied picture in terms of the impact that the COVID-19 pandemic had on EU start-ups, the level and nature of public support they received, and their satisfaction with the support measured put in place by local authorities.

The main conclusions of the survey are:

The two most prominent obstacles faced during the COVID-19 pandemic by the start- ups were “Access to finance” and “Regulatory obstacles or administrative burden”, chosen by 68% and 52% of respondents;
A slight majority of respondents (54%) reported that their business experienced a negative development during the COVID-19 pandemic;
The two most prominent kinds of support received by the start-ups during the COVID- 19 pandemic were “Additional credit lines” (50%) and “Salary subsidies for employees” (40%);
48% of respondents claimed to be either satisfied or very satisfied with the COVID- 19 support received, while 25% were either disappointed or very disappointed;
The majority of respondents (66%) reported the overall strength and performance of their regional business environment to be either “Fairly good” (50%) or “Very good” (16%).

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