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Issue #2 – September 2022
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Industry and Single Market
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State of the Union address by President von der Leyen
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On 14 September, the President of the European Commission delivered the State of the Union address to the Parliament. The address takes stock of the achievements of the past year and presents the priorities for the year ahead. DG GROW will play an important role in delivering many of these flagship initiatives, among others: the European Critical Raw Materials Act; the SME Relief Package, including the Late Payment Directive; the recognition of professional qualifications of third country nationals; the proposal for the creation of an EU Hydrogen Bank ...
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SMEI - The new EU instrument to guarantee the functioning of the single market during emergencies
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On 19 September, the Commission presented the new Single Market Emergency Instrument (SMEI). This crisis governance framework aims to preserve the free movement of goods, services and persons and the availability of essential goods and services in the event of future emergencies, to the benefit of citizens and businesses across the EU. While the Single Market has proven to be our best asset in crisis management, the COVID-19 pandemic has highlighted structural shortcomings hampering the EU's ability to effectively respond to emergency situations in a coordinated manner. Unilateral measures caused fragmentation, worsening the crisis and affecting particularly SMEs.
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The Commission adopted the regulation on effectively banning products produced, extracted or harvested with forced labour
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On 14 September, the Commission proposed to prohibit products made with forced labour on the EU market. The proposal covers all products, namely those made in the EU for domestic consumption and exports, and imported goods, without targeting specific companies or industries. The proposal builds on internationally agreed definitions and standards, and underlines the importance of close cooperation with global partners. National authorities will be empowered to withdraw from the EU market products made with forced labour, following an investigation.
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European Year of Youth - Entrepreneurship with Commissioner Thierry Breton
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On 20 September, Commissioner Thierry Breton participated in an EU Youth Dialogue with young people in the framework of the EU Youth Strategy. This is a way to ensure that the opinion, views and needs of young people and youth organisations are taken into account when defining the EU's youth policies. The EU Youth Strategy contributes to realising the vision of young people by mobilising EU-level policy instruments as well as encouraging stakeholders to take actions at national, regional and local level.
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30 Euroclusters have been launched to implement the EU Industrial Strategy
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On 1 September 2022, 30 Euroclusters were launched to implement the EU Industrial Strategy. Euroclusters are cross-sectoral, interdisciplinary and trans-European strategic initiatives of industry clusters and other economic actors such as research organisations, companies, etc. €42 million from the Single Market Programme have been allocated to this first batch of Euroclusters, composed of 171 partners, covering 23 different countries and all 14 industrial ecosystems.
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What is OOTS, the Once Only Technical System?
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OOTS will be the first EU-wide data space, which will enable the sharing of information between public administrations across borders between EU countries. Available as from the end of 2023, the Once Only Technical System (OOTS) will allow public authorities across the EU to exchange official documents and data at citizens' and businesses’ request in a simplified and efficient manner.
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Improving reciprocal access to international procurement for EU companies
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A crucial tool of the EU resilience toolbox entered into force on 29 August 2022: the International Procurement Instrument (IPI) (Regulation (EU) 2022/1031) gives the EU important leverage to open public procurement markets outside the EU. The primary objective of the IPI is to provide an open, level playing field for EU companies that are or would like to be active in public procurement markets abroad.
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SME
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InvestEU implementation has started! One of its first deals is the female-led Green Generation Fund
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The Green Generation Fund (GGF) founded by Manon Littek and Janna Ensthaler has raised €100 million for investments in innovative food tech and green tech startups. The European Investment Fund (EIF) contributed €25 million backed by an EU budget guarantee from the new InvestEU programme. The Green Generation Fund invests exclusively in sustainable startups that make significant progress in CO2 avoidance, the circular economy, climate and resource protection, health promotion and biodiversity. The EIF contribution is in line with the InvestEU priorities for enhancing venture capital in Europe, and for supporting female entrepreneurship and sustainability investments. Within the spirit of the European Green Deal, it will help companies engage in more sustainable business models.
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Discover the EU Support Tools for SMEs on Your Europe
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The easiest and fastest way to search for the right EU support tools for SMEs available to help you find funding, information and guidance, training and partnerships, or help and advice.
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EU - Ukraine
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Events
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Housekeeping
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What DG GROW has put in place to strive for a Union of Equality
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President Ursula von der Leyen has made Equality one of the main priorities of the European Commission. To fully play its part in that endeavour, DG GROW has prepared an Equality Mainstreaming Work Plan with operational actions and initiatives covering the external dimension focusing on our different policy areas.
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