Spain

Spanish SMEs benefit from a supportive administrative and regulatory framework as compared to the OECD median. However, regional regulatory differences create barriers to achieving a single domestic market, and progress on implementing the Market Unity Law is slow. The government reinforced the legal implementation framework of the SME test in 2017. In addition, the insolvency regime remains constraining and recent reforms have aimed to improve business liquidity and access to credit. The Business Health Tool (2017) provides free online support to entrepreneurs for assessing the viability of their business. Besides, the Government has recently approved the first Strategic Framework for Spanish SMEs, conceived as an instrument for improving SME competitiveness and growth possibilities.