Moving forward with the European Industrial Renaissance
At the beginning of 2014, European Commission Vice-President Antonio Tajani unveiled his plan for a ‘European Industrial Renaissance’. In an interview with Enterprise & Industry Magazine, Vice-President Tajani explains why the Commission is pushing for this Renaissance, and what Member States need to do to keep European industry on the road to recovery.
The European Commission has called for a European effort to boost key enabling technologies (KETs). The global market in KETs, which comprises micro- and nanoelectronics, advanced materials, industrial biotechnology, photonics, nanotechnology and advanced manufacturing systems, is forecast to grow from €646 billion to over €1 trillion between 2008 and 2015; this is a jump of over 54%, or more than 8% of the EU’s GDP. Rapid growth in jobs is expected, too. In nanotechnology industries alone, the number of jobs in the EU is expected to increase from 160 000 in 2008, to around 400 000 by 2015.