Many businesses and companies suffered during the pandemic and when the lockdown was imposed all over Europe. Multiple startups and SMEs underwent digital transformation and provided jobs in the rather finicky market. Now, to ensure that such startups and SMEs observe notable growth, the Digital Future for Europe coalition has called for a moratorium on new regulation.
The coalition consists of over 100 associations, think tanks, startups, scaleups, and successful tech businesses spanning across “Digital 9” nations. These nations are the Netherlands, Belgium, Luxembourg, Denmark, Sweden, Finland, Estonia, Ireland, and the UK. The coalition asks the European Commission (EC) to place a moratorium on new regulation until the European Innovation Council’s (EIC) Innovation Forum has fully reviewed the potential impact of regulatory changes on the tech sector.