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EU says small business is key to jobs

Tuesday, January 22, 2013

The EU Commission has launched a major Entrepreneurship Action Plan. The EU has recognized that, without small business, jobs recovery in the EU will not occur. It has said:  “To return to growth and higher levels of employment, Europe needs more entrepreneurs. With 4 million new jobs created every year, new companies, especially small and medium sized enterprises (SMEs), create the most new jobs in Europe”.

We’ve summarized the EU report and provided some commentary. But as we see consistently in government SME policy across the globe, the new EU policy for the most part addresses medium-sized business rather than small business. But at least the EU is recognizing the need.
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