EC, OECD help EU countries and regions achieve industrial transition

Their report provides concrete solutions to address obstacles in five main priorities

Photo: EPA European Commissioner for Neighborhood Policy and Enlargement Negotiations Johannes Hahn

Today, the Commission and the Organisation for Economic Co-operation and Development (OECD) present a report on an initiative launched in 2017 to help 12 EU regions and Member States achieve industrial transition and hold their own in a globalised economy.

Teams of OECD and Commission experts worked with the regions and the two Member States to identify what was holding back job creation and growth in these areas. The goal was to reinforce their long-term development strategies based on areas of competitive strength - their ‘smart specialisation' assets. These strategies encompass social fairness, economic modernisation and climate ambitions.

Based on this experience, the report presents a toolkit for national and regional authorities, providing concrete solutions to address obstacles to industrial transition in five main priorities. They involve strengthening of companies' capacity to address their human resource needs; broadening innovation and accelerate the digital transformation; promoting entrepreneurship and private sector engagement; transitioning towards a climate-neutral economy through financial support schemes and encouraging territorial co-operation through rural-urban partnerships. 

This report and its recommendations will also feed into the preparation of the future 2021-2027 Cohesion Policy programmes, under which more than €90bn of funding is available for research, innovation, digitalisation and support to small and medium businesses.

"For two years, teams of Commission and OECD experts have worked hand in hand with national and local actors to help them embrace innovation, decarbonisation, digitalisation and develop the skills needed for the jobs of tomorrow. These are the four cardinal points of a transition that gives a fair chance to everyone,” Commissioner for Neighbourhood Policy, Enlargement Negotiations and Regional Policy, Johannes Hahn said.

Similar articles