Report
A Roadmap for a Resilient and Prosperous Europe
Supporting Small Businesses in Navigating the Twin Transition to a Digital and Sustainable Europe
Supporting Small Businesses in Navigating the Twin Transition to a Digital and Sustainable Europe
With the support of
Micro- and small businesses make up the greatest share of enterprises in the European Union, employ almost one-third of the population, and are performing better than enterprises of other sizes in terms of real value added to the EU economy. Yet these small businesses need support, particularly as the unprecedented challenges in recent years—both geopolitical and macroeconomic—have served to accelerate two structural shifts of significant magnitude: the twin transition toward a digital and sustainable future.
Central to the EU’s strategy for small businesses and its plans for broader economic recovery, digitalization and sustainability are essential for Europe’s competitiveness and prosperity. However, micro-businesses lag behind their larger counterparts on both fronts. Micro-businesses need support navigating the digital and sustainable transition to unleash their full potential to contribute to inclusive growth.This report explores the critical role of micro-businesses in driving inclusive growth in the EU, the digitalization and sustainability challenges that EU small businesses face, and the innovation that can support them in overcoming these challenges, unleashing their full potential to contribute to inclusive growth.
Contributors Elise Montano, Zsuzsanna Bódi, Dr. Savita Bailur, Janet Shulist
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