Comunitat Valenciana: a top European Entrepreneurial Region enhancing the business environment

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1 Comunitat Valenciana: a top European Entrepreneurial Region enhancing the business environment Quality of Public Administration. Europe2020 Monitoring Platform Brussels 19th May 2015 Mr. Manuel González Evangelista Regional Office of Valencia in Brussels 1

2 AN INSIGHT TO REGION OF VALENCIA Excellent Climate, geographic location and infrastructures. Important population density (5 million inhabitants) with an important GDP gross rate (10% of the Spanish GDP rate). 22,6 million tourists come to the Region of Valencia every year. We host nearly 13.5% of all foreign citizens living in Spain. A sound entrepreneurial character. During 2014 more than 31 companies were created each day.leading the ranking in terms of accelerators, incubators and co-working spaces. 1 in 4 people in adulthood is currently engaged in any of the stages of the entrepreneurial process (intention, emerging, new activity or consolidated activity; GEM study). 2

3 BECOMING A MORE COMPETITIVE ECONOMY. Main structural reforms taken into effect Reform of the Labour Market Reform of the Financial system Reform of the Retail Sector Liberalisation of the property renting market Reform of Health and Education Systems 3

4 WHAT IS GOING ON IN REGION OF VALENCIA? The largest number of business accelerators 4

5 Comunitat Valenciana: an awarded entrepreneurial region The Region of Valencia is promoting entrepreneurship Culture and facilitating sustainable, smart, and inclusive entrepreneurs through our Industrial and Economic policy, that will offer citizens and companies a better environment to create new companies and better quality jobs.

6 Cutting red tape is a top priority in the EU Focused on the implementation of the IV principle of the Small Business Act for Europe (SBA): Make public administrations responsive to SMEs In compliance with the core principle of the SBA Think Small First Listening to SMEs before introducing new laws Examining the effect legislation will have on small business Helping companies in need of support 6

7 Public Survey & Analysis of results Goal to reduce administrative burden of businesses by removing red tape in regional public administration COM initiative: Better Regulation Regional initiative: PLAN SIRCA Top 10 rules with most administrative burden 5 dealing with Environmental issues 3 dealing with Employment issues 1 dealing with Social Welfare issues 1 dealing with Public Finances issues 7

8 In brief the most disturbing administrative burdens COMPLEX PROCEDURES DELAYS UNCLEAR DEFINITION OF STAKEHOLDERS COMPLEX FORMS REQUISITES FOR BONUSES EXTREMELY DIFFICULT REDUNDANT DECLARATIONS TO DIFFERENT PUBLIC BODIES EXPENSIVE COSTS OF CERTIFICATES AND TESTS DIFFICULT TO CALCULATE RATES CONTRADICTORY LEGISLATION LACK OF CONTROL PUBLIC BONUSES DIFFICULT TO CASH IN 8

9 An important milestone. European Entrepreneurial Region

10 Some good results have already been achieved Finally parents understand their kids when they speak about starting a business Kenneth Morse. Serial entrepreneur and business angel. Founder and managing director of MIT Entrepreneurship Center ( )) 10 10

11 Nevertheless we are just at the beginning of a transformational and deep change.

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