The European Union is frequently described as a single market of roughly 450 million people. For a growing company, it can still feel like a series of neighbouring markets connected by ambition but separated by rules, procurement systems, tax treatments and administrative practices.
We have now taken this initiative to the next level with the launch of Phase Two of our Tech Champions. For the first time, it brings together all 27 EU Member States and seven private investors - and counting - to mobilise up to €80 billion in new equity investments and help more than 1,500 European tech companies grow.
The European Commission seeks to set an EU-wide target to bring the manufacturing industry's share of GDP to 20% by 2035, from 14% in 2024. The Industrial Accelerator Act aims to make Europe a more attractive place for industrial investment while accelerating the green transition.
The EU's proposed Industrial Accelerator Act: Made in EU requirements and new foreign investment restrictions - The new origin-based requirements and the foreign investment mechanism are expected to have a material impact on energy-intensive industries (notably steel and aluminium), net-zero technologies (including batteries and solar), the automotive value chain, and critical raw materials.
On 4 March 2026, the European Commission published its long-awaited proposal for a regulation establishing a framework of measures for the acceleration of industrial capacity and decarbonisation in strategic sectors (Industrial Accelerator Act or IAA). The proposal is accompanied by a press release, Q&A and factsheet.
