These days’s Small Business Act could be a step towards a Europe of entrepreneurs, with less red tape and additional red carpet for Europe’s 23 million Small businesses. It aims to assist small entreprises to prosper and to grant the most effective ones a launch pad to grow into world beaters. The Small Business Act is a crucial milestone within the realization of the Lisbon Strategy for Growth and Jobs.
It will mean a lot of responsive public administrations, less late payment of bills, access to additional help with finance, innovation and training, lower VAT for services supplied domestically and higher access to public procurement contracts. The package can also offer Small businesses access to a European Private Company Statute to cut bureaucracy and improve clarity.
Small entreprises became increasingly important in our society as suppliers of employment opportunities and key players for the well-being of local and regional communities. Therefore, the Small Business Act for Europe proposes for the primary time to place into place a comprehensive policy framework for the european union and its Member States.
The Small Business Act is predicated on the conviction that entrepreneurship and entrepreneurs should be applauded and rewarded; they are the backbone of EU society. Being SME-friendly ought to become mainstream guidelines. To achieve this, the “Think Small First” principle ought to be irreversibly anchored in strategy making from regulation to public service thus guaranteeing that rules reflect the bulk of those that can use them. Small businesses must be helped to prosper. When the setting up of businesses and their evolution is hindered by excessive barriers, these should be removed. When SMEs are held back by market failures, these must be corrected.
The Small Business Act for Europe proposes a collaboration between the EU and therefore the Member States. A collection of 10 common principles ought to guide the policies each at the european union and at a national level. An bold package of new measures, as well as 4 legislative proposals, is translating them into action. In addition, all Member States are invited to benefit from sensible practices that exist at intervals the EU.
What Europe wants currently is a strong political commitment at the highest level to realize a real breakthrough. The Vice-President of the European Commission trusts that the Small Business Act for Europe will be the trigger to remodel words into action.
To be followed…
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