On 10 November Commissioner Verheugen presented his "new start for SME policy" in the form of a comprehensive framework for the various existing policy instruments directed to SMEs. The Commission proposes actions for SMEs in five areas:
- promotion of entrepreneurship and skills: the Commission intends to spur member states to review their education and training policies;
- improving the access of SMEs to markets, especially in the areas of public procurement and standardisation;
- simplifying legislation for SMEs: longer transition periods, reduced fees, simpler reporting and in some cases exemptions from EU rules;
- improving SMEs growth potential by providing more support for SME participation in 7th Research framework programme and help in the field of intellectual property rights;
- strengthening dialogue and consultation: creation of an SME panel to provide input for policies.






