Small business may get a boost by European Commission

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More than 1,670 exhibitors — many of them small or medium-sized companies — exhibited at Metstrade last year.

More than 1,670 exhibitors — many of them small or medium-sized companies — exhibited at Metstrade last year.

The European Boating Industry association applauded the flagship industrial strategy and small- and medium-sized strategy, or SME, released by the European Commission on Tuesday.

EBI welcomed the potential support to the recreational boating industry in Europe to grow sustainably, create employment and develop the sector’s environmental transition.

The European Commission presented its new industrial strategy that recognizes the value of industry and wants to support them in being “future-ready,” according to EBI.

It aims to tackle the challenges of environmental transition, as well as digitalization, and deems progress as being central to Europe’s future prosperity.

The European Commission also released its strategy for small and medium-sized businesses, saying it aims to support small companies in transitioning to sustainability and digitalization, as well as addressing regulatory burden and improving access to financing.

EBI Secretary-General Philip Easthill commented on the announcement. “The EU Industrial Strategy is an important step to ensure the long-term growth of Europe’s industry,” said EBI secretary-general Philip Easthill in a statement. “With over 95 percent SMEs in the boating industry, we particularly welcome the focus on smaller companies that are the backbone of European industry. We look forward to engaging with the European Commission on shaping the industrial ecosystem in the boating sector and turning this strategy into concrete actions.”

EBI is a member of the Industry4Europe coalition of over 150 industry associations. Launched three years ago, it advocates for an ambitious industrial strategy that helps Europe remain a hub for a leading, smart, innovative and sustainable industry that provides quality jobs for future generations.

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