Supporting Investors and Growth Firms

A Bottom-Up Approach to a Capital Markets Union

Thomas Aubrey; Renaud Thillaye and Alastair Reed

High-growth and innovative firms are the drivers of tomorrow’s jobs and our future prosperity. Supporting these firms, including how they can access finance, should be one of the highest policy priorities of European governments. By seeking to provide deeper pools of capital across the EU for firms and reducing dependence on bank financing, the EU’s proposed Capital Markets Union initiative can make a significant contribution to this agenda.

This publication focuses on how the Capital Markets Union might lead to tangible gains in investment and jobs growth. It is based on a micro analysis of the challenges faced by growth and innovative firms in six large member states. The report proposes a bottom-up policy agenda to complement the EU’s approach, focused on improving the tax, legal and business support environment for investors and firms.

Rowman & Littlefield Publishers / Policy Network

Pages: 88 • Trim: 5¾ x 8½

978-1-78348-540-6 • Paperback • June 2015 • $25.00 • (£18.99)

978-1-78348-541-3 • eBook • June 2015 • $23.50 • (£17.99)

Subjects: Business & Economics / Economics / Microeconomics, Political Science / Political Economy, Political Science / World / European

Supporting Investors and Growth Firms

A Bottom-Up Approach to a Capital Markets Union

Paperback

eBook

Summary

High-growth and innovative firms are the drivers of tomorrow’s jobs and our future prosperity. Supporting these firms, including how they can access finance, should be one of the highest policy priorities of European governments. By seeking to provide deeper pools of capital across the EU for firms and reducing dependence on bank financing, the EU’s proposed Capital Markets Union initiative can make a significant contribution to this agenda.

This publication focuses on how the Capital Markets Union might lead to tangible gains in investment and jobs growth. It is based on a micro analysis of the challenges faced by growth and innovative firms in six large member states. The report proposes a bottom-up policy agenda to complement the EU’s approach, focused on improving the tax, legal and business support environment for investors and firms.

Details

Rowman & Littlefield Publishers / Policy Network

Pages: 88 • Trim: 5¾ x 8½

978-1-78348-540-6 • Paperback • June 2015 • $25.00 • (£18.99)

978-1-78348-541-3 • eBook • June 2015 • $23.50 • (£17.99)

Subjects: Business & Economics / Economics / Microeconomics, Political Science / Political Economy, Political Science / World / European

Author

Thomas Aubrey is a senior adviser at Policy Network and chief executive and founder of Credit Capital Advisory.

Renaud Thillaye is deputy director of Policy Network and lead researcher on EU affairs.

Alastair Reed is a researcher at Policy Network.

Table of Contents

Executive Summary / Understanding the Nature of the Challenge / Findings Across Six Countries / Country Findings: France, Germany, Italy, Poland, Sweden, UK / Case Studies on Supporting Growth Firms / Policy Proposals / Appendices / Acknowledgements

Supporting Investors and Growth Firms

A Bottom-Up Approach to a Capital Markets Union

Thomas Aubrey; Renaud Thillaye and Alastair Reed

Supporting Investors and Growth Firms

A Bottom-Up Approach to a Capital Markets Union

ALSO AVAILABLE