The Genesis Initiative
Budget
€10 — €0
EP Access
0
accredited persons
Staff
1
0.25 FTE
EU Grants
None
Mission & Goals
The Genesis Initiative was established to enhance the level and quality of dialogue on SME policy development, both in the U.K. and across the EU. This objective is achieved through research, the drafting of policy papers, the issuing of a regular Manifesto on improved measures to assist SME creation, access to more diverse funding sources, facilitating scaling-up etc, and by acting as an advocacy body in the common interests of small businesses, vis-à-vis the UK Government ministries and members of the EU Parliament. This has become even more important in the light of the UK's departure from the EU, and the need to sustain bilateral EU-EU SME trade relations, share best practices on reducing administrative burdens, especially reporting requirements and scaling-up of small enterprises. The Genesis Initiative follows closely the activities of the newly-formed EU-UK Parliamentary Partnership Assembly with a view to facilitating bilateral UK-EU SME policy development and best practice
EU Legislative Interests
- Consultation with MEPs and EC officials on Genesis Initiative SME policy issues; - Regularly chair lunchtime debates under the auspices of the Kangaroo Group at the EU Parliament on current financial services legislative proposals, with rapporteurs, EC officials and industry representatives/EU trade bodies; - Submission of position papers/responses to EC public consultations on SME policy issues, ie, late payments, access to finance, Capital Markets Union (CMU), CRDVI, securitisation regulation, Prospectus Regulation, crowdfunding initiative, removing barriers to cross-border trade, public sector contracts, etc; - Debates at Westminster Parliament throughout the year on SME policy, frequently with an EU dimension, with more recently a debate on the impact of the Capital Markets Union; - Organisation of talks at the EU Parliament on entrepreneurship and removing obstacles to set-ups and access to financing (with SME-Europe, BusinessEurope, etc).
Communication Activities
Publication of Genesis Initiative SME Manifesto (2024), with contributions from HRH Prince Michael of Kent, Members of the House of Commons, academics and SME policy experts. Position paper relating to continuing access to the Single Market for UK-based fund managers (UCITs, AIFs, MiFID), after Brexit (https://www.genesis-initiative.org/wp-content/uploads/2013/09/Brexit-Defending-financial-services-in-the-SME-sector.pdf)
Interests Represented
Promotes their own interests or the collective interests of their members
Member Of
The UK All Party Parliamentary SME Group (Westminster)
Organisation Members
Association-of-british-insurers Association-of-interior-specialists-federation-of-plastering-drywall-contractors Association of Quality Entertainment Suppliers Association of Independent Professionals and the Self Employed UK Home-builders-federation Payments Optimisation company British Association of Women Entrepreneurs
Commissioner Meetings
No recorded meetings with EU commissioners.