EU backs collaborative economy for jobs and growth

The European Commission has today reconfirmed its support for the collaborative economy and removing barriers to its success during a roundtable held by the European Collaborative Economy Forum (EUCoLab) in Brussels.

This is in line with the recently adopted European Agenda for the Collaborative Economy which  aims at supporting the innovation, competitiveness and growth opportunities offered by the modernisation of the economy.

Vice President of the European Commission responsible for Jobs, Growth, Investment and Competitiveness, Jyrki Katainen said: “The collaborative economy is becoming a driving force in our endeavour to create jobs and growth in Europe. To reap the benefits of this new global trend, the close cooperation with interested parties and EU platforms is indispensable.”

EUCoLab
EUCoLab members with Vice-President of the European Commission Jyrki Katainen, MEP Dita Charanzova, and MEP Anna Maria Corazza Bildt.

Europe is home to some of our longest and strongest relationships in the world, as many of its cities have embraced home sharing and new technologies. There are however still places in Europe which uphold complex, burdensome and disproportionate regulations, often hitting working people and families who need this income the most. Such regulations slow innovation and prevent the growth of new economies.

We welcome the European Commission’s continued efforts to remove regulatory burdens, large disparities between Member States and fragmented legislation, thereby supporting the further development of collaborative business models in the European Single Market.