Based on the feedback collected from more than 100 stakeholders through various outreach activities and review of the relevant litterature, EFRAG has published its draft Assessment Report on 2 April 2026.

The drat Assessment Report outlines that financing challenges affect all SMEs, but are most significant for startups and fast-growing innovative companies in the EU. A proposed voluntary template (on ESAP) could help improve access to finance, but its success depends on interest from both SMEs and finance providers.

The report also provides some insights about possible structure and content of the voluntary template, should the EC decide to proceed with this initiative.

Stakeholders are invited to provide feedback on the report by 27 May 2026, either through a written comment letter (click here) or an interview with EFRAG project team iwhich also includes a representative from the OIC. (Nadia De Santis).

Please find attached the documents published by EFRAG.

For further details, please visit the EFRAG website by clicking here.