Economic Priorities for the 2024-2029 EU term

To restore Europe’s attractiveness as a business location and its capacity to drive innovation, the EU needs to take immediate and coordinated steps to address the lack of investments for the scale-up of businesses and the decarbonisation process and simplify the burdensome regulatory framework. A new industrial strategy that builds on the contribution of smaller businesses must be the top priority of the next EU mandate to safeguard Europe’s competitiveness and ensure economic stability.

 For the next legislative period 2024-2029, Eurochambres urges EU policymakers to:

• Strengthen Europe’s competitiveness and attractiveness as a business location by delivering a robust horizontal industrial policy agenda.
• Boost SMEs’ productivity and entrepreneurs’ pioneering spirit.
• Deliver SME-proof legislation and evaluate the impact on EU competitiveness.
• Better law-making is a shared responsibility of EU institutions and member states.
• Streamline reporting obligations and reduce the cumulative impact of legislation on businesses.
• Guarantee a regulatory pause to focus on the correct transposition and implementation of existing legislation.
• Diversify funding opportunities for European businesses and improve digital and financial literacy of entrepreneurs.
• Enhance the dialogue with business organisations, especially with representatives of SMEs.
• Ensure that EU policies percolate in regional and local territories with the support of the chamber network.
• Acknowledge the role of mid-caps and ensure a positive outcome from the revision of the EU SME definition.