DG GROW ADAPTATION TO SUPPORT THE EU ECONOMY´S RECOVERY
The European Commission is consistently working to achieve a new period of economic prosperity after the last season hit by the pandemic. A new phase is in sight, where the growth and economic development of SMEs is the engine of the economy. Last March 16, the Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs announced the reorganization of its structure in order to adapt to the latest needs, to reach the transition to digitalization and green future, and to assist the industrial ecosystems to recover from the crisis.
This new focus on European industrial ecosystems allows better support to the recovery of the EU economy, betting on the innovation of SMEs. The real and effective access of small and medium-sized companies to the opportunities offered by the single market is one of the main priorities that will allow resilience and reinforce the European economy. Moreover, the partnerships and clusters will play a key role in this process of recovery.
In addition, the reorganization of DG Grow reinforces EU economic competitiveness worldwide and fosters opportunities to the double transition, both digital and environmental.
You can see the new organisational structure by clicking here.
On the other hand, the executive agency in charge of spending programs, the Executive Agency for Small and Medium-sized Enterprises (EASME) was reformed last April 1. This agency, in charge of managing European Union programs in the sectors of environment, energy and maritime affairs, climate action and SME support and innovation, was transformed to the European Innovation Council and SMEs (EISMEA) - it will also fund projects in the fields of innovation, energy efficiency, environment and maritime affairs with a particular focus on SMEs. Additionally, a new agency called European Health and Digital Executive Agency (HaDEA) will be created. Its aim is to achieve a greener, digital and more resilient post-COVID-19 Europe.
Adapting to changes and planned reforms are sometimes necessary to continue scaling up. The circumstances during this last period have not been easy. However, just as DG Grow has reorganized its structure in order to achieve the economic recovery and the twin transition, we from SCALE UP have also become more resilient and stronger against tribulations. From the initial phase of the learning process to the peer reviews, we have readapted the project procedure and redefined its operation. Thanks to this alternative but effective method, our SMEs also continue to scale up.
As mentioned above, among DG Grow's priorities for this transition period is to ensure SMEs competitiveness in the single market. From SCALE UP, our mission is to contribute to European competitiveness and accelerate regional economic growth through the improvement of policy instruments linked to business growth and robustness, including specific measures and tools to support the capacity of SMEs to engage in regional, national and international markets.
Together we must contribute so that European Businesses can continue growing and scaling up, always betting on innovation and digitization.
For more information you can click here.