Small Business Act adopted


Brussels: 25 June 2008

The European Commission (EC) has adopted the Small Business Act for Europe.

References

COM(2008) 394 - COMMUNICATION FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT, THE COUNCIL, THE EUROPEAN ECONOMIC AND SOCIAL COMMITTEE AND THE COMMITTEE OF THE REGIONS “Think Small First” A "Small Business Act" for Europe {SEC(2008) 2101}{SEC(2008) 2102}

The press release IP/08/1003 titled "Think Small First": A Small Business Act for Europe, states that the Commission President José Manuel Durão Barroso said:

"Today's Small Business Act is a step towards a Europe of entrepreneurs, with less red tape and more red carpet for Europe's 23 million SMEs. It aims to help small businesses to thrive and to give the best ones a launch pad to grow into world beaters. The Small Business Act is a crucial milestone in the implementation of the Lisbon Strategy for Growth and Jobs. It will mean more responsive public administrations, less late payment of invoices, access to more help with finance, innovation and training, lower VAT for services supplied locally and better access to public procurement contracts. The package will also give SMEs access to a European Private Company Statute to cut bureaucracy and increase clarity"

The announcement includes the publication of:

  • An 82 page impact assessment titled: Brussels, Impact Assessment {COM(2008) 394} {SEC(2008) 2102}
  • A 5 page summary of the Impact Assessment titled: Summary of the Impact Assessment {COM(2008) 394} {SEC(2008) 2102}
  • A 2 page Citizen’s summary titled - A Small Business Act for Europe: a new boost for small businesses
  • A 5 page Frequently Asked Questions (FAQ) about the “Small Business Act” for Europe (SBA)

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