Public consultation on the "Small Business Act"

logo EusurveyBrussels, 24 September 2014: What do small and medium sized enterprises in Europe need from future EU policy? This is the core question of the consultation recently launched by the European Commision.

Acknolwedging the vital importance of SMEs for the european economy, the public consultation has been  launched to help upgrade the initiative Small Business Act (SBA) for the period 2015-2020.

The SBA - a wide-ranging set of measures designed to make life easier for small companies - has already proved to be a good basis for SME policy. As it is built upon the exchange of best practices, support for internationalisation and entrepreneurship as well as access to finance (implemented via the financing instruments of CIP and COSME), it encourages EU countries to take up effective solutions that have worked elsewhere and to come up with equally good ideas themselves. Combined with strong initiatives for smart regulation it has contributed to SMEs' ability to weather the economic crisis.

The European Commission invites all stakeholders, including entrepreneurs and business organisations to send their suggestions by December 15, 2014. The publich consultation can be accessed through the following link.

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