'Doing Business Across Europe: A New Engagement', makes a number of recommendations to support British businesses, improve the UK's relationship with the largest trading partner and lead the way in reforming the EU to increase trade and competitiveness.
The report follows months of discussions with business leaders and senior experts from the UK and across Europe. Businesses support the UK's membership of the EU, but are calling on the UK to step up its engagement to push EU in the right direction.
Welcoming the report, Nick Clegg said: "The Coalition Government is committed to playing a leading role in the European Union and making sure that it creates jobs and growth in the UK.
"This report makes clear that British businesses want the UK to both stay in the European Union and to lead reform to make it more competitive. Michael Moore's report makes valuable recommendations on how the UK Government, EU institutions and business can lead and promote reform to boost jobs and prosperity across Europe.
"As the report recognises, the Government is already making great progress through work such as Ed Davey's Green Growth Group to set the agenda amongst our neighbours in Europe. However, businesses are looking for Government to make a renewed commitment to being a proactive partner in the EU and we must match these expectations."