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Updating the EU Industrial Strategy

May 7, 2021 | News

(05 May 2021) – The Commission updates the EU Industrial Strategy to ensure that it “takes full account of the new circumstances following the COVID-19 crisis and drives the transformation to a more sustainable, digital, resilient and globally competitive economy.”

Industrial Strategy
© European Commission

The updated Strategy proposes new measures to strengthen the resilience of the Single Market, especially in times of crisis.

It addresses the need to better understand the EU’s dependencies in key strategic areas and presents a toolbox to address them. It offers new measures to accelerate the green and digital transitions.

The updated Strategy also responds to calls to identify and monitor the main indicators of the competitiveness of the EU economy as a whole: single market integration, productivity growth, international competitiveness, public and private investment and R&D investment.

The SME dimension is at the core of the updated Strategy with tailored financial support and measures to enable SMEs and start-ups to embrace the twin transitions.

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