European Family Businesses (EFB) welcomes the release of the report on the Future of the Single Market by Mr Enrico Letta, President of the Jacques Delors Institute on the 17th April 2024.
This much-anticipated independent high-level report was requested by the European Council last year on the 30th of June 2023.
It highlights several significant points on how to revitalize the EU Single Market, make it competitive, the need to reduce administrative burden, the recognition of mid-caps, the need to simplify EU rules so that companies can operate with greater ease and do not feel the need to move abroad and much more.
It also calls for collective action, stipulating the need for, “a collective effort for a new Single Market”.
EFB will analyse this crucial report and the proposals within it further. We will utilise the momentum from this report to drive meaningful change for family businesses and mid-caps across the European Union.
While we think this report is a good first step for the growth agenda of the EU and for a more competitive Single Market, it is clear that to achieve these goals the full support of all the EU Institutions will be required.