EC unveils a new Industrial Strategy

The European Commission has presented an Industrial Strategy which will help EU’s industry to lead the transitions towards climate neutrality and digital leadership.
The Strategy aims to drive Europe’s competitiveness and its strategic autonomy at a time of moving geopolitical plates and increasing global competition.

The package of initiatives outlines a new approach to European industrial policy and sets out a range of actions to support all players of European industry, including big and small companies, innovative start-ups, research centres, service providers, suppliers and social partners.

“Europe has the strongest industry in the world. Our companies – big and small – provide us with jobs, prosperity and strategic autonomy. Managing the green and digital transitions and avoiding external dependencies in a new geopolitical context requires radical change – and it needs to start now,” Thierry Breton, Commissioner for Internal Market, said.

Industrial Policy package highlights several main initiatives which includes a new Industrial Strategy, new SME Strategy, a single market that delivers for the businesses and consumers.

The industrial strategy will maintain European industry’s global competitiveness and a level playing field, making Europe climate-neutral by 2050 and shaping Europe’s digital future.

The SME strategy aims to help this sector to lead the twin transitions, which also means securing access to the right skills. To build SMEs’ capacity for these transitions, the Commission will upgrade the European Enterprise Network with dedicated Sustainability Advisors. It will also expand Digital Innovation Hubs across every region in Europe.

Regarding the single market policy, it will stimulate the competition and trade within the EU. It will provide EU citizens with a wider choice of goods and services, while it gives European companies the leverage they need to become leaders on the global stage.

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