Public expectations and EU policies - Industrial policy

Briefing 30-06-2016

Industrial policy has recently attracted the attention of EU policy-makers seeking sources of economic growth. It is a key element of the Europe 2020 strategy, and the Commission has set itself the target of increasing industry’s share of GDP to 20% by 2020. The policies and programmes contributing to the EU's industrial policy are significant (amounting to almost €200 billion), and the policy coverage is wide in scope. On the other hand, it seems that European citizens still perceive industrial policy as predominantly national in character. The Commission is addressing the challenge of reindustrialisation of Europe with a number of horizontal tools such as the Investment Plan, the Digital Single Market Strategy and the Single Market Strategy.