Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-12-15-Speech-2-993"

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"en.20091215.10.2-993"2
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"This is a great initiative that will make it easier for people who have lost, or risk losing, their jobs to get credit to start up their own businesses. The European Progress Microfinance Facility will make available up to EUR 25,000 to people who want loans to start or grow very small firms, and who have been unable to obtain credit through conventional markets. I am pleased that the European Parliament was able to ensure this money did not come from the ‘Progress’ programme, which is designed to help vulnerable people, but was created using money from the 2010 budget for the first year. The EUR 100 million fund, available from early 2010, is exactly the kind of help that small businesses need at this time of financial crisis when banks are still unwilling to release credit. This will help businesses across Wales, and I am disappointed that colleagues from UKIP were unable to support this progressive initiative."@en1
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