Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-12-15-Speech-1-227"
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"en.20081215.19.1-227"2
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"The European Regional Development Fund, European Social Fund and Cohesion Fund are instruments which have been provided to Member States to support the economic development of various European regions. However, the perception is that using these financial instruments involves a great deal of red tape.
For the 2007–2013 period an approach based on calculating maximum eligible expenditure is being used instead of a forced reduction in the cofinancing rate. The purpose of the proposal amending the regulation is to replace the arrangement based on proportionality for monitoring operations under EUR 200 000 by not applying the provisions of Article 55, operations cofinanced by the European Social Fund and operations cofinanced by the European Regional Development Fund or Cohesion Fund, the total cost of which is less than EUR 1 000 000. The retroactive application of this amendment simplifies the management of cofinanced operations from the structural funds, in terms of both calculating maximum eligible expenditure and monitoring.
Reducing the disproportionate administrative burden will be beneficial in particular to SMEs managing projects in the areas of the environment, social inclusion, research, innovation or energy. Thank you."@en1
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