Policy Brief: The Competitiveness Coordination Tool

The EU continues to fall behind due to fragmented industrial and research policies, as well as uncoordinated objectives. In an effort to join forces, the EU economic policy agenda (Competitiveness Compass) introduced the Competitiveness Coordination Tool. 

The aim of this tool is to enable joint action on shared competitiveness priorities at national, cross-border and EU levels. Yet, although the tool has been announced, the Commission's official proposal is still pending.

As the new Competitiveness Fund, which is part of the Multiannual Financial Framework (MFF) proposal, will allocate funding to these joint priorities, it is of utmost importance to create a tool that considers the interests and facilitates the participation of different actors at regional, national and EU level, as well as integrating quality jobs and skills criteria.

In a new FES study, Christiny Miller, Lukas Bertram, Rachèle Chevallier and Laura Danilaviciute from the ZOE Institute for Future-fit Economics, analyse what such a tool could look like.