Growth

Towards an Industrial Renaissance

Towards an Industrial Renaissance

The 2014 Communication, 'For a European Industrial Renaissance', stresses need for Europe to focus on post-crisis growth and modernisation. It also calls on EU countries to recognise the central importance of industry for creating jobs and growth.

Communication: For a European Industrial Renaissance

Background

The European Commission adopted the Communication as a contribution to the 2014 March European Council debate on industrial policy. The Council recognised the importance of a strong industrial base and identified both production and investment as key drivers for EU economic growth and jobs.

Key priorities

The Communication sets out the Commission’s key priorities for industrial policy and provides an overview of actions already undertaken. It also puts forward new actions to speed up the attainment of:

  • mainstreaming industrial competitiveness in other policy areas to sustain the competitiveness of the EU economy;
  • maximising the potential of the internal market;
  • implementing the instruments of regional development in support of innovation, skills, and entrepreneurship;
  • promoting access to critical inputs in order to encourage investment;
  • facilitating the integration of EU firms in global value chains.

Outcome

A number of key actions have been taken as a result of this communication to promote competitiveness and innovation; improve regulation, the internal market, conditions for internationalisation and access to critical resources. Measures have also been taken to help support strategic sectors.

In addition, the Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs is currently preparing a roadmap outlining the steps to be taken to implement the new industrial policy across the EU. The Council will address these issues during the Europe 2020 Strategy review, in March 2015.

Previous Industrial Policy Communications

2012 Communication: A Stronger European Industry for Growth and Economic Recovery

The 2012 Communication, A Stronger European Industry for Growth and Economic Recovery, launched a new partnership between the EU, Member States, and industry. It focused on four pillars:

  • investments in innovation;
  • better market conditions;
  • access to finance and capital, human capital, and skills;
  • six task forces put in place to boost investment in innovation.

Outcome

As a result of this communication:

A public consultation was launched in preparation fo the communication. DG Internal Market, Industry, Entrepreneurship and SMEs also organised the conference, 'Industrial Renaissance - European Industrial Policy', after the publication of the Communication. It examined progress made so far and looked ahead to actions that could bring immediate benefits to help restore industrial growth.

2010 Communication: An Integrated Industrial Policy for the Globalisation Era

The 2010 Communication focused on promoting an integrated industrial policy for the globalisation era, by prioritising competitiveness and sustainability. This Communication resulted in an integrated industrial policy strategy encompassing competition, trade, innovation and energy.

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