The European Committee of the Regions (CoR), the EU's Assembly of Regional and Local Representatives, says local and regional leaders are calling for ‘smart’ regulations for SMEs. Smart regulations mean that political decisions are prepared in an open, transparent manner, informed by the best available evidence and backed by the comprehensive involvement of stakeholders – to deliver EU policies and laws that bring the greatest possible benefits to those businesses. SMEs, it says “… are the main engines for growth and jobs in Europe, creating two out of three jobs and generating more than half of Europe's economic production. Nevertheless regulation doesn't always take into account the SME-specific circumstances, thus hampering local economic growth and innovation.” The "smart regulation for SMEs" opinion of the CoR rapporteur Christian Buchmann was adopted during the CoR plenary session on 12th July. The proposal represents a medium-term approach that is more ambitious than current EU efforts to reduce red tape, it says. More details can be found here on CoR news website.
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