Package on European company law - Related Opinions

Micro enterprises and SMEs (MSME) in all fields need good conditions to survive the health and economic crisis and unlock their potential so that they can grow and create jobs. This opinion examines alternatives to address the administrative ("paper tax") burden on MSMEs, particularly in view of current transparency and disclosure measures to achieve the EU's social and environmental objectives.

Europe is embarking on a transition towards climate neutrality and digital leadership. European businesses can lead the way as we enter this new age, as they has done in the past.

Small and medium-sized enterprises (SMEs) are essential to Europe’s competitiveness and prosperity. Based on the new SME Strategy, the EU will support SMEs by:

• encouraging innovation through new funding and digital innovation hubs as part of the sustainable and digital transitions;
• cutting red tape by reducing barriers within the Single Market and opening up access to finance;
• allowing better access to finance by setting up an SME Initial Public Offering Fund (with investments channelled through a new private-public fund) and the ESCALAR initiative (a mechanism to boost the size of venture capital funds and attract more private investment).