This opinion will assess the chances and challenges that SMEs face due to the green transition and will call the EU and the Member States to provide them with a favourable business environment, proper funding and support measures.
afdelingsadvies EESC: SMEs, social economy enterprises, crafts and liberal professions Fit for 55
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).