Entrepreneurship In Europe Gets An Action Plan

EU Business The European Commission has published a detailed plan aimed at increasing entrepreneurship across Europe. The Entrepreneurship Action Plan is a blueprint that places entrepreneurship at the heart of EU plans for economic growth.

Entrepreneurial education and training = growth and business creation.

Investing in entrepreneurship education is one of the highest return investments Europe can make. Surveys suggest that between 15% and 20% of students who participate in a mini-company programme in secondary school will later start their own company, a figure that is about three to five times that for the general population.

EU wants to remove stigma from business failure to promote risk taking entrepreneurs 

The Commission has submitted a proposal to modernise insolvency proceedings regulations and will launch a public consultation to gather stakeholders’ views on business failure and insolvency.

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In order to support entrepreneurs in crucial phases of their lifecycle and help them grow, the Commission will:
  1. Identify and promote Member States best practices with a view to create a more entrepreneur-friendly fiscal environment;
  2. Support the cooperation between clusters and business networks;
  3. Reinforce the partnerships and capabilities of the Enterprise Europe Network with hosting organisations, the Single Points of Contact and all SME support organisations; to spread information on EU initiatives, sources of finance, and support for innovation, encourage Member States to help increase investment readiness of entrepreneurs and SMEs and help businesses fully benefit from the Single Market and access markets in third countries;
  4. Revise the rules prohibiting misleading marketing practices to strengthen enforcement against such practices in cross-border cases.
  5. Unlock the full potential of the Digital Single Market for SMEs by tackling existing barriers to cross-border online business.
  6. Continue the development of the Erasmus for Young Entrepreneurs programme to meet the increased demand for participation in the EU and encourage exchanges of young entrepreneurs between the EU and external countries.
  7. Help Member States develop integrated support schemes through seminars financed by ESF technical assistance.
  8. Continue to develop the Your Europe Business portal with information on the Single Market from both the Commission and Member States.

For full details of the EU Entrepreneurship Action Plan read on here