Centre for Entrepreneurship, SMEs, Regions and Cities
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.
Forthcoming, will be released on March 13, 2024 Latest available edition in: French