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Tajani: Reducing Youth unemployment by fostering entrepreneurship and new enterprises

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In spite of the European economy’s recovery, young people across Europe continue to face high levels of unemployment. This is unbearable for European Commission Vice-President Antonio Tajani who wishes to see the fight against youth unemployment put at the top of the political agenda. Therefore he has dedicated also Europe Day 2011 to young people who have faced difficulties finding work. To this end he will meet with more than 1000 young people at the University of Milan Bicocca together with representatives of all leading Italian trade unions and of entrepreneurial associations.

Effective training programmes need to be accessible to all young people from across the Member States in order to ensure that they have the necessary skills to apply to a variety of positions in the EU. During these difficult economic times we need to unlock the huge potential of start-up entrepreneurs and stimulate them to take the final step and set up a new enterprise. Small enterprises are creating most new jobs and are the driving force of our economy. One of the main priorities of the EU is ensure that there are prospects for growth and provide employment to young Europeans.

European Commission Vice-President Antonio Tajani, responsible for industry and entrepreneurship said: "Effective training programmes need to be accessible to all young people from across the Member States in order to ensure that they have the necessary skills to apply to a variety of positions in the EU. During these difficult economic times we need to unlock the huge potential of start-up entrepreneurs and stimulate them to take the final step and set up a new enterprise. Small enterprises are creating most new jobs and are the driving force of our economy. One of the main priorities of the EU is ensure that there are prospects for growth and provide employment to young Europeans."

There is also a need to help many others have also been forced to migrate to find work.

Promoting youth employment in the business sector

Several major developments have taken place to ensure that more jobs are available for young people in line with the Small Business Act (SBA):

  • Erasmus for Young Entrepreneurs: This programme provides intensive on-the-job-training for 5 month in a company abroad in the EU, which will facilitate a successful start to their business training and offers potentially viable business ideas.
  • The SBA as a tool for job creation: Many initiatives are run under this scheme to support small enterprises and helping to combat youth unemployment in this challenging economic climate.
  • National Envoys for Small and Medium Enterprises (SMEs): Member States are encouraged to appoint an envoy whose task ensuring that SME issues such as improved business education are at the core of policy making.
  • Adequate financing for SMEs: New approaches to improve access to finance for SMEs have been introduced and the Commission can now help a higher number of SMEs.

Background

“Erasmus for Young Entrepreneurs” is financed by the European Commission and operates across EU Member States with the help of more than 160 intermediary organisations which have prominent business support background, such as Chambers of Commerce, business support organisations or start-up centres. The European Commission Representation in Milan, the office of the European Parliament and the University of Milano-Bicocca organized the event in Italy to remember and celebrate the birth of a united Europe.

For more information: A first class act fostering the competitiveness of small businesses

Contacts

  • Carlo Corazza: +32 (0)2 29 51 752 carlo.corazza@ec.europa.eu
  • Andrea Maresi: +32 (0)2 29 90 403 andrea.maresi@ec.europa.eu

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