As a result of the 2014 Communication, the European Commission and the Directorate-General (DG) for Internal Market, Industry, Entrepreneurship and SMEs in particular, are implementing a number of key actions to foster industrial renaissance.
Supporting industrial competitiveness
The Communication ‘For a European Industrial Renaissance’ was adopted on 22 January 2014.
The Communication focuses on supporting industrial competitiveness. The Commission also invites the Council and the Parliament to take action to pursue the reindustrialisation of Europe and to foster growth and competitiveness.
Regulation and policy initiatives
The Commission works to maximise efficiency in the management of EU regulation for industrial sectors and legislation, including the promotion of the mainstreaming of policy priorities in national regulatory policies.
DG Internal Market, Industry, Entrepreneurship and SMEs is also preparing a Roadmap for Industrial competitiveness and policy.
We contribute to competitiveness aspects of the European Semester process.
Functional Internal Market
To support a functional Internal Market the Commission: develops necessary infrastructure; promotes market surveillance, product safet y and the setting of standards to accelerate innovation; works to ensure the Internal Market for services contributes to industrial competitiveness.
Access to resources
Energy and raw materials
Access to critical inputs, in particular energy and raw materials, at affordable prices that reflect international costs is key to encouraging investment in EU industry.
The Commission works to ensure that the design and implementation of policy instruments, both at EU and national level, does not result in price distortions, which might cause disproportionately higher relative prices for inputs.
To ensure access to the critical inputs, the Commission has adopted the:
Developing human resources capital is another ‘resource’ challenge. EU initiatives focus on:
An increasing share of EU funds is at the disposal of EU countries, regions, and industry to foster investment in innovation:
Promoting investment in innovation
Six strategic cross-cutting areas for innovation have been identified where investment is encouraged: advanced Key Enabling Technologies (KETs), clean vehicles and transport, bio-based products, construction and raw materials, and smart grids;
Promoting clusters and support services for SME innovation;
Fostering the commercialisation of innovative products and services through demand-side measures such as public procurement in innovation.
Development of key technologies
Supporting the development of key technologies to shape the future of EU industry, including large-scale European projects in areas such as batteries for electric mobility, intelligent materials, high performance production and industrial bio-processes.
Access to international markets
Helping companies operate beyond borders helps European firms to integrate into global value chains, which goes hand-in-hand with promoting access to markets worldwide. This is done through instruments such as:
Supporting strategic sectors
Monitoring Sectors: Promoting the right conditions to foster competitiveness and undertake systematic reviews based on stakeholder consultation and the results of fitness checks and cumulative cost assessments.
Space: Ensuring the marketability of services offered by key strategic sectors where investment generates ‘spill-over’ effects like global satellite navigation (Galileo) and earth monitoring (Copernicus).