Chapter 20 aims to promote industrial strategies enhancing competitiveness by speeding up adjustment to structural change, encouraging an environment favourable to business creation and growth throughout the EU. Policies under this chapter are aimed to encourage domestic and foreign investments and to improve the overall business environment in which small- and medium-sized enterprises (SMEs) operate.
This chapter contains a section on privatization and restructuring (which complements Chapter 8: Competition Policy), mainly consisting of the EU industry policy principles.
EU consultation forums, Community Programmes, recommendations and exchanges of best practices related to SMEs are aimed to improve formulation and coordination of enterprise policy across the internal market. Implementation of enterprise and industrial policy requires adequate administrative capacity at national, regional and local level.