OSMEO will provide an independent and transparent assessment on the effectiveness and impact of various publicly funded projects aiming to support micro, small and medium-sized enterprises (SMEs).

Through regular monitoring, consultation and solicitation of opinions, OSMEO aims to establish a constructive dialogue with the key stakeholders and the wider business community. Thereby, garnering excellence and optimum return on investment from publicly funded projects.

Since OSMEO will not rely on any public funds, it will be able to assert its full independence and represent the true voice of the various stakeholders involved in publicly funded projects.

The initial scope of OSMEO will be London (UK) wide; covering ongoing and future projects, as well as those completed within the last three years. It will also include national programmes that have a significant bearing on London based organisations. It is envisaged that future phases will extend OSMEO to become a UK nationwide initiative, with a view to extending it even further to the rest of the European Union.

SME-facing programmes across all industry sectors will be considered by OSMEO. Sectors of strategic importance will be given initial priority, and these would include high-technology manufacturing (including aerospace), creative industries, healthcare, food and hospitality, retail, ICT (including video games) as well as cross-cutting regeneration projects.