MEPs back business competitiveness, especially for SMEs

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Credit: 10.000 Hours

The Internal Market and Consumer Protection Committee voted today in favour of a Commission proposal that seeks to improve, in a comprehensive manner, the functioning of the internal market and the competitiveness of enterprises, especially SMEs, to create a framework for the financing of development, as well as the production and dissemination of European statistics.

This programme, under the Multiannual Financial Framework 2021-2027 (MFF), will strengthen the support for small enterprises to facilitate their access to markets, including the internationalisation of SMEs, the business environment, the competitiveness of certain sectors, and the modernisation of industry and the promotion of entrepreneurship.

It will also improve the functioning of the internal market and increase standardisation enabling stakeholder participation in setting up European standards and ensure a high level of consumer protection, sustainable consumption and product safety notably by supporting competent enforcement authorities.

ALDE MEP Jasenko Selimovic, shadow rapporteur on this file said:

“The Single Market is one of the cornerstones of the European Union. The vote today ensures that vital funding for the upcoming seven-year period 2021–2027 is secured. This will strengthen the market and benefit all of its parties, including small and medium business and consumers.”

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