This document is an excerpt from the EUR-Lex website
Glossary of summaries
EU enterprise policy seeks to provide an environment that is conducive to business creation and development, and especially of small- and medium-sized enterprises (SMEs). The policy has received a new impetus in recent years with the recognition of the key role played by SMEs, particularly in terms of job creation.
The Small Business Act for Europe which is a set of 10 principles that seek to improve the business environment and reduce regulatory burdens on SMEs was adopted in 2008. It was reviewed in 2011. New actions were set up to respond to challenges resulting from the economic crisis focusing on 4 priority areas: reduced burdens on business, access to finance, access to markets and promotion of entrepreneurship.
The Entrepreneurship 2020 Action Plan was adopted in 2013. It focuses on 6 areas:
The plan also emphasises the importance of education and training to nurture new generations of entrepreneurs. This links in with the Europe 2020 strategy flagship initiative ‘Agenda for new skills and jobs’.