The Commission published the Industrial Accelerator Act (IAA) legislative proposal on 4 March 2026. Its aim is to strengthen EU competitiveness and industrial resilience in the face of global pressures. The IAA would set a target to increase the share of all industrial manufacturing to 20 % of EU GDP by 2035 (up from 14.3 % in 2024). The key sectors covered by the proposed act include energy-intensive industries, net-zero technologies and the automotive industry. The proposal would also introduce measures to apply 'Made in EU' and low-carbon preferences in public procurement and public support schemes, set conditions on foreign direct investment (FDI), launch industrial acceleration areas to boost manufacturing, and simplify permitting processes for industrial manufacturing projects. Source : © European Union, 2026 - EP Read more