"Entrepreneurship is the mindset and process by which an individual or group identifies and successfully exploits a new idea or opportunity".
The Commission's Green Paper is the most recent of a series of Reports from the European Commission designed to encourage entrepreneurship. In the United Kingdom, the latest of a series of similar papers was that produced by HM Treasury and the Department of Trade and Industry's (DTI) Small Business Service (SBS) in November 2002.
The Green Paper argues that enterprise is important because it contributes to job creation, economic growth and competitiveness. Both the European Community and the United Kingdom devote considerable funds each year spread over an extensive range of programmes in support of enterprisein the region of 13 billion euros at Community level and just under 8 billion pounds in the United Kingdom (counting receipts from the Common Agricultural Policy).
In this Report, we focus on:
- the importance of setting clear objectives, and monitoring and establishing effective evaluation for such schemes for enterprise support, whether at UK or EU level;
- the relationship between schemes at European Community level and those at Member State level.
We conclude that:
- any action plan based on the Green Paper must be preceded by a thorough analysis of the evaluations currently being carried out by the European Commission;
- all policies proposed should have clear objectives specified in measurable form before the policy is launched
- all schemes should have both monitoring and evaluation information collection defined and built into the programme design.
The list of Recommendations is given in Chapter 4 on page 16.