The single market is one of the EU’s major achievements and is the economic backbone of the Union, creating much needed jobs and growth. With people, goods, services and capital moving more freely than ever before, new opportunities have opened up for consumers, workers, and businesses.
The wide range of support on offer to small and medium-sized enterprises (SMEs) will help to achieve a deeper and fairer internal market with a solid industrial base. Types of support could include research and innovation, business development and modernisation, organisation of the food supply chain, entrepreneurship, incubation, technological transfer, internationalisation, energy efficiency and support to clusters.
The use of the ESI funds in other key areas such as in infrastructure investments, administrative capacity, and cross-border cooperation will also help to strengthen the single market’s industrial base.