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For a European Industrial Renaissance. Industry important for growth and jobs. Industry accounts for: 80 % of EU exports 80 % of innovation ¼ of jobs in the private sector 1 job created in industry triggers from 1 to 2 jobs in services. 20% of GDP from Industry by 2020.
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Industry important for growth and jobs Industry accounts for: • 80% of EU exports • 80% of innovation • ¼ of jobs in the privatesector • 1 job created in industry triggers from 1 to 2 jobs in services
20% of GDP from Industry by 2020 This targetis key for growth and jobs, in line with the Europe 2020 strategy Eu policiesand ambitiousclimatetargetswill be consistent with the reindustrialisation objective Commisson'sengagmentis to mainstreamindustrial competitiveness
Priorities of Commission response • EU resources to boost industrial innovation • A more businessfriendlyenvironment • Easieraccess to finance • Energy and rawmaterials at affordableprices • Maximisepotential of internalmarket • Internationalise • Education to match marketdemand
More EU funds for reindustrialisation • € 2.3 billion COSME to support entrepreneurship • > €100 billion of European Structural and Investment Funds (ESIF) available for regions to finance investments in innovation and industrial competitiveness • €80 billion of the Horizon 2020 available for financing the commercialisation of research
Key sectors for a modern and sustainable industry • Advancedmanifacturing • KETs • Bioeconomy • Smart grids • Clean vehicles • Eco constructions and rawmaterials
A more business friendly environment • Updated Small Business Act (to start up a company 3 days, 100 euros, 1 month to get the licence) • Growth-friendly public administration • Regulatory fitness and performance programme • Cumulative cost assessments