Minister for Small and Medium-sized Enterprises Lex Delles along with the Presidents of the Chamber of Commerce and the Chamber of Skilled Trades and Crafts, revealed the fifth national action plan for small and medium-sized enterprises (SMEs).

Developed in collaboration with the SME High Committee, comprising representatives from the Chamber of Commerce, the Chamber of Skilled Trades and Crafts, the Federation of Craftspeople, the Luxembourg Confederation, and Horesca, the plan includes ten concrete measures.

Among the initiatives outlined in the plan is an awareness-raising campaign to promote the entrepreneurial spirit in society. The plan also addresses the reform of the right of establishment, granting businesses more favourable conditions, and enhancing access to financing.

With an eye on market dynamics, the working conditions within companies will be adapted to stay attuned to changing demands. To facilitate early problem identification and resolution, a dedicated unit will be established to assess businesses proactively.

The plan also prioritises the streamlining of administrative procedures, simplifying processes to alleviate bureaucratic burdens on SMEs.

Recognising the value of upskilling and professional development, the plan offers employees in SMEs the opportunity to undergo further training, thereby elevating their skillsets and qualifications.

In an effort to bolster sustainability and internationalisation, the plan also includes support for Luxembourg-based businesses seeking to expand their reach beyond national borders.