Industry is the backbone of the European economy. The recent economic crisis has underlined the important role of the European Commission in supporting industry, through policies and actions that aim to increase the share of manufacturing in the economy and bring about a European Industrial Renaissance.
Industry is the cornerstone of the European economy:
However, the recent economic crisis has led to a further decline in manufacturing to 15.1% of GDP and some 3.5 million jobs have been lost in those sectors since 2008.
The European Commission aims to bring about an industrial renaissance in Europe.
This requires a commitment at both EU and national level to support industrial competitiveness. In order for EU industry to thrive, we must continue to modernise Europe's industrial base: manufacturing, construction, mining, raw materials, tourism, creative industries, and related business services.
To do this, the Commission sets policy priorities and implements actions necessary to achieve these objectives.
This includes targeted support programmes, managed and implemented by its Directorate-Generals. The relevant programmes for industry, including in particular SMEs, space, satellite navigation and some aspects of EU research, are implemented by this Directorate-General. More on EU industrial Policy
The 2014 Communication, For a European Industrial Renaissance, stresses that Europe urgently needs to lay the basis for post-crisis growth and modernisation and calls on EU countries to recognise the central importance of industry for creating jobs and growth. More on working towards Industrial Renaissance
Competition policy, in conjunction with industrial policy, is at the core of the new competitiveness policy framework in Europe. Competition policy prevents the distortion of competition in the Internal Market, through control of state aid and mergers, as well as antitrust enforcement. More on Competition policy
Task forces have been set up to implement ‘action lines’ across six key priority areas including advanced manufacturing, key enabling technologies, bio-based products, sustainable industrial policy, clean vehicles and smart grids. The task forces will promote the need for investment in these technology areas. More on Task forces