SMEs, social economy enterprises, crafts and liberal professions Fit for 55 - Related Opinions
The EESC adopted unanimously in September 2020 the opinion "SME strategy". Amongst its main conclusions were the plead to the Commission to draw up a "Next Generation SME Strategy". Unfortunately, in its 2021 Work Program, the European Commission chose to commit to an update of the Industrial, but not of the SME Strategy. The objectives of this follow-up opinion are the following: present the SME position on how to channel in the best way the unprecedented financial support, coming from the MFF 2021-2027, Next Generation EU and Recovery and Resilience Facility Mechanism; identify and respond to the difficulties SMEs face when accessing the single market and generate ideas on how to use the COVID-19 crisis as a driver for change and catalyst of the transition of the SMEs towards sustainable and digital economy.
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).
The Bulgarian presidency of the Council of the EU has requested the EESC to prepare an exploratory opinion on how to best promote SMEs in Europe with a special focus on a horizontal legislative SME approach and respect of the SBA's "think small first".
In its Opinion, the EESC draws attention to significant inefficiencies still existing in both the formulation and implementation of SME policies, warns against a bureaucratic approach still prevalent in EU policies and calls for a visible, coordinated and consistent horizontal policy for SMEs, based on a multiannual action plan. The EESC also proposes that the Commission assess whether the current definition of SMEs corresponds to their heterogeneity, sectoral dynamics, specific features and diversity during the last decade.