COSME aims at lightening the administrative burden on businesses by removing unnecessary reporting and information requirements. As research indicates, SMEs are disproportionately affected by regulation. A special focus is thus needed to create more favourable conditions for them.
Initiatives at national, regional and local level will be launched. One of these is the European Enterprise Awards to reward promotion of SMEs and entrepreneurship, particularly on regional and local level.
To facilitate the preparation of new legislation at EU and national level, and compare performance of different policies in member states, conferences and analytical tools, such as Competitiveness report, will be supported.