In an opinion drafted by Kate Feeney (IE/Renew) from Dún Laoghaire-Rathdown County Council and adopted by unanimity by CoR members during their plenary session, the CoR welcomed proposed measures to simplify administrative procedures for companies doing business across the Single Market, in part through digitalisation.
Increasing SMEs competitiveness and resilience can only be achieved by boosting innovation
CoR members stressed that most European SMEs are investing in their sustainable transition, though they generally struggle with accessing finance and skills for this and with related reporting requirements. To address the finance gap for the green transition, the capacity of banks to fulfil sustainable financing should be substantially increased through incentives and simplified regulation.
Warning
that SMEs face an increasing challenge to find skilled employees, the
CoR argued that many key skills for the green and digital transition of
European industry are best brought to SMEs by regional partnerships,
networks, and clusters, and called for the EU to work closely with local
and regional governments and provide funding. The package also includes
new tools to foster innovation at the regional level. Regional and
local leaders welcomed the proposals, but also suggested the European
Commission could go farther, by teaming up with European regions and
cities to explore and pilot innovative ideas. (...)
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