The European Parliamentary Research Service (EPRS) has published a new study on ‘The benefit of an EU strategic innovation agenda’. The study was carried out in view of the Europen Commission’s upcoming strategy for start-ups and scale-ups (mid-2025) and the ‘European Innovation Act’, announced for late 2025 or early 2026. The EPRS study follows up on the Letta Report and the Draghi Report and finds that a coordinated approach at EU level (instead of Member States acting invidually) could lead to an increase in GDP of 0.9% by 2035. A more ambitious integrated approach would provide an even greater benefit, estimated at 2.6% of GDP by 2025.
The report also points out that the EU’s focus on dealing with the green and digital transformations is right, but lacks key components such as sufficient common funds and tax instruments.
https://www.europarl.europa.eu/RegData/etudes/STUD/2025/762853/EPRS_STU(2025)762853(SUM01)_EN.pdf