Proposed measures would nurture new generations of entrepreneurs and help young people, women, older people, immigrants and unemployed people set up their own businesses.
Entrepreneurs are job creators. They lead many of the small start-ups generating 4 million new jobs created in Europe each year.
However, the EU lags behind its competitors in entrepreneurial attitude, indicating a potential for even more job creation. Only 11% of Europeans are entrepreneurs, while around 40% aspire to be their own boss [10 MB] . In the US and China more than half would like to be self-employed.
This relative reluctance to create new businesses has to change if Europe is to return to growth. The Commission is proposing an action plan to encourage this shift, by:
EU countries already work together to reduce red tape on businesses through the Small Business Act The new plan will help make these common rules work even better for small businesses.
The Commission will work closely with EU governments, business organisations and others to set out a roadmap for implementing the proposals.
Support for entrepreneurs varies tremendously across the EU. Sharing best practice and coordinating efforts can be more effective than each country working alone.