The Recommendation on SME and Entrepreneurship policy was adopted by the OECD Council at Ministerial level on 10 June 2022 on the proposal of the Committee on SMEs and Entrepreneurship (CSMEE).
As part of a broader OECD SME and Entrepreneurship Strategy, the Recommendation aims to provide an evidence-based and holistic framework to support Adherents in developing coherent, effective and efficient SME and entrepreneurship policies, to foster their contribution to inclusive and sustainable growth and for the benefit of all.
The Recommendation responds to long-standing demand by countries for frameworks and tools to improve the effectiveness of SME and entrepreneurship policies, ensuring coherence and synergy across varied policy areas and actors and accounting for the diversity of the SME and entrepreneurship population. This has taken a new urgency in the aftermath of the COVID-19 crisis and acceleration of mega trends, as governments strive to support SMEs and entrepreneurs in the recovery and to adapt to the digital and green transitions.
The Recommendation offers a coherent and strategic approach to SME and entrepreneurship policies, encompassing a mix of targeted and horizontal policy dimensions and placing emphasis on effective governance mechanisms.
While aiming to be widely applicable, it recognises the different circumstances, institutional contexts and stages of development across jurisdictions, and that countries use a variety of policy frameworks to support their SMEs and entrepreneurs.
The Implementation Toolkit aims to put the Recommendation into action. It responds to the OECD Council’s instruction to the OECD Committee on SMEs and Entrepreneurship (CSMEE) to support the efforts of Adherents to implement the Recommendation. As such, it provides hands-on guidance on the underlying 15 principles to Adherents, as well as broader information to non-Adherents, interested stakeholders and the public at large.
The Toolkit intends to leverage OECD-wide expertise across the policy areas covered by the Recommendation. For more than two decades, the OECD has been at the forefront of international SME and entrepreneurship policy dialogue, data collection and evidence-based analytical work. It has developed extensive expertise in developing actionable guidance to policy makers, to level the playing field for SMEs and entrepreneurs and enable their contributions to sustainable and inclusive growth.
The Toolkit represents a living resource, which will develop incrementally and evolve over time. It will build on established OECD resources and tools, and incorporate new ones, as further knowledge and operational guidance in any of the areas set out by the Recommendation become available. It will benefit from the work of the CSMEE and other OECD committees and will adapt to the needs of policy makers, SMEs, entrepreneurs and relevant stakeholders. The Toolkit will also serve as an overarching framework to relate future operational tools with the principles set out in the Recommendation.
To celebrate this momentous occasion a special launch event took place on UN Micro-, Small and Medium-sized Enterprises Day (27th June). As turbulent times unfold for SMEs and entrepreneurs around the world, this event provided an opportunity for policy makers and stakeholders to discuss the future of SME and entrepreneurship policy, share views on the relevance of the Recommendation to foster recovery and develop future-proof policy strategies, and comment on priorities, challenges and opportunities towards effective implementation.