Responding to small business needs Published on: 03/06/2014, Last update: 23/06/2015
Thanks to the Small Business Act (SBA) - launched just as the financial crisis began - many of Europe’s small businesses were able to withstand the turmoil.
Now, as Europe continues down the road to recovery, the SBA will help the EU’s small businesses thrive. And there has been no shortage of progress: Since the SBA’s adoption, the Commission has approved hundreds of initiatives – and repealed thousands of legal acts – to make it easier for SMEs to thrive. Thanks in part to the SBA, there was a 26% reduction in the administrative burden placed on businesses between 2007 and 2012, producing savings worth more than €30 billion per year.
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