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2014.12.19.I author: European Association of Development Agencies -

Commission priority. A New Start:The 2015 Work Programme of the European Commission

It is a compact work programme, focused on the key 23 things to do in 2015.

The web site for all the details: http://ec.europa.eu/priorities/work-programme/index_en.htm

For full details: http://ec.europa.eu/atwork/key-documents/index_en.htm

As far as the work programme A New Boost for Jobs, Growth and Investment is concerned, it's about:

  • The € 315 billion Investment Plan
  • Promoting Labour Integration and Employability
  • Reviewing the Europe 2020 Strategy

The new economic narrative of the Commission is built around three main strands – boosting investment, pursuing structural reforms and fiscal responsibility. In close partnership with the European Investment Bank, the Commission has proposed an important Investment Plan to give a new boost to jobs, growth and investment in Europe. Additional finance for new investments will be mobilised through a new European Fund for Strategic Investments and by ensuring that it reaches the real economy by establishing a credible project pipeline and expanding and facilitating access to technical assistance. In addition to the new Fund, the use of innovative financial instruments (for example loans and guarantees, rather than grants) will be further promoted to increase the impact of the European Structural and Investment Funds for the period 2014-2020, withan objective of at least doubling the use of such instruments in the new programming period.

Additional measures will focus on improving the business environment, removing regulatory and non-regulatory barriers to investment and further reinforcing the Single Market. The Commission will table several proposals designed tob implement this approach rapidly and will look further at the applicable state aid rules.

The internal market is also the foundation for Europe's industrial strength and productive capacity that must be enhanced further. Boosting investment in infrastructure and in SMEs and mid cap companies, improving the regulatory environment and helping companies to innovate, for example with the support of the Horizon 2020 programme, will be important areas of work. Aviation is facing major challenges. The Commission will examine ways to improve the conditions of the sector by bolstering its competitiveness.

The Commission will set out an action plan to build a Capital Markets Union, exploring ways of reducing fragmentation in financial markets, diversifying financing sources for the whole of the economy, improving access to finance for SMEs and strengthening cross border capital flows in the single market to enable capital to be used in the most productive way. In the short-term, it will propose a framework for high-quality securitisation in Europe, improving standardised credit information for SMEs, and will consider how to extend successful private placement schemes across the EU and review the Prospectus Directive to reduce administrative burdens on SMEs.

To find out the details about the new initiatives to be launch in 2015 have a look at: http://ec.europa.eu/atwork/pdf/cwp_2015_new_initiatives_en.pdf

To view the list of withdrawals or modifications of pending proposals:http://ec.europa.eu/atwork/pdf/cwp_2015_withdrawals_en.pdf


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