The European Commission has launched a public consultation to help upgrade the EU’s Small Business Act (SBA).
The Small Business Act for Europe reflects the Commission’s political will to recognise the central role of SMEs in the EU economy, putting into place a comprehensive SME policy framework for the EU and its Member States.
The SBA includes a wide-ranging set of measures that are designed to aide small companies and has already proved to be a good basis for SME policy. The SBA is built upon the exchange of best practices, support for internationalisation and entrepreneurship as well as access to finance (implemented via the financing instruments of CIP and COSME), it encourages EU countries to take up effective solutions that have worked elsewhere and to come up with equally good ideas themselves. Combined with strong initiatives for smart regulation it has contributed to SMEs’ ability to weather the economic crisis.
The main question of the consultation is what do small and medium sized enterprises in Europe need from future EU policy?
The Commission seeks further input on the SBA from all interested parties, including entrepreneurs and business organisations, to help ensure the SBA is fit to meet future challenges.
The public consultation will be open until 15 December 2014 and can be found here.