The EU Competitiveness Compass, to regain competitiveness and secure sustainable prosperity

Country / jurisdiction: European Union · Year: 2025 · Status: In force · Level: International · Type: Voluntary

The "Competitiveness Compass" was published in early 2025, outlining an EU Start-up and Scale-up Strategy to be published in Q2/3 2025, for which the first call for evidence opened in February 2025. This compass, which is not confined to energy innovation aims to boost the European competitiveness through 3 very general core areas for action: innovation, decarbonisation and security.

For all these core areas, the EC indentifies five horizontal enablers for comptetitiveness: simplification (reducing regulatory and administrative burdens to make accessing EU funds and administrative decisions simpler and faster), Lowering barriers to the Single Market (modernizing the governance framework and removing intra-EU barriers to improve the functioning of the Single Market), Financing competitiveness (proposing a European Savings and Investments Union to create new financial products and encourage investments across the EU), Promoting skills and quality jobs (matching them with labor market demands), Better coordination of policies at EU and national leve (introducing a Competitiveness Coordination Tool to ensure the implementation of shared policy objectives and identify projects of European interest).

Official source: https://ec.europa.eu/commission/presscorner/detail/en/ip_25_339