European Digital Transformation Policies in Support of SMEs: from Strategic Planning to Practical Implementation

Sevdalina Hristova ()
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Sevdalina Hristova: University of Economics – Varna

Stroitelno predpriemachestvo i nedvizhima sobstvenost = Construction Entrepreneurship and Real Property, 2026, issue 1, 45–59

Abstract: The digital transformation of small and medium-sized enterprises is a key factor for maintaining the competitiveness of the European economy in the context of globalization and rapidly developing technologies. This study provides a systematic analysis of the evolution and effectiveness of European policies and financial instruments for the digital transformation of SMEs, integrating macroeconomic data (DESI), programmatic mechanisms, and institutional solutions. Particular emphasis is placed on the role of European Digital Innovation Hubs as an intermediary mechanism between strategic planning and practical implementation of digital technologies in business. The main research question that the article addresses is how European digitalization policies materialize into effective financial instruments to support the digital transformation of SMEs and what are the main challenges to this process. The results show that despite the availability of significant financial resources directed toward digital initiatives within the MFF 2021-2027, SMEs continue to face structural difficulties in accessing new technologies. Through a review of selected indicators, key financial instruments, and the network of European Digital Innovation Hubs, the study highlights the need for better coordination between different levels of governance and for increasing the effectiveness of European investments in digitalization.

Keywords: Digital economy; European funds and programmes; Digital innovation hubs (DIHs); Digital economy and society index (DESI); business digitalisation (search for similar items in EconPapers)
JEL-codes: L26 O33 O38 (search for similar items in EconPapers)
Date: 2026
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