A €16 investment programme from the European Commission aims to give SMEs access to supercomputers based on cloud platforms, allowing small and medium businesses to employ technologies and resources currently only available to big corporations.

The EU funded project is designed to build a super computing-cloud throughout Europe as part of an effort to improve the performance of SMEs in Europe and boost the struggling economy while providing expertise from throughout the EU. Similar projects have existed in France, Germany and Scotland.

As part of the project, SMEs will receive advice from the European commission on how they can employ cloud based supercomputers to improve their business models and overcome obstacles.