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The prosperity of Europe is built on that of its businesses. Businesses are a key element in growth and employment, and the relaunch of the Lisbon strategy in 2005 made enterprise and industry policy one of the priorities in Europe.
Under Article 173 of the Treaty on the Functioning of the European Union, the European Union (EU) has set itself the goal of creating the best possible conditions for competitiveness.
Maintaining competitiveness is a constant challenge. This is why the EU aims to encourage an environment favourable to initiative, to the development of businesses, to industrial cooperation and to improving the exploitation of the industrial potential of innovation, research and technological development policies. These policies are of vital importance in the context of global competition.

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