Family businesses make up more than 60% of all companies in Europe. They range from sole proprietors to large international enterprises. Big or small, listed or un-listed, family businesses play a significant role in the EU economy. The European Commission recognises this role and promotes the creation of a favourable environment where family businesses can grow and develop.
The European Commission promotes a family business-friendly environment, helps to spread information, and supports the sharing of best practices between EU countries. The EU also encourages national governments to adopt business-friendly taxation and company law, and support entrepreneurial education.