Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-06-15-Speech-2-901"
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"en.20100615.24.2-901"2
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"As a result of global competition to attract investment, not only certain production plants but also the research and development capacities associated with them are increasingly being relocated to third countries. This trend is a fundamental threat to Europe as a location for industry. It needs to be countered, through the determined promotion of innovative potential, before it becomes irreversible. According to the Commission, less than 1% of the EU budget is currently spent directly on innovation-related measures. Given the social challenges that lie ahead, this is insufficient. Therefore, I agree with calls for an increase in the EU budget for innovation. This should be reflected in the planning process in connection with the 2014-2020 financial perspective. Moreover, and especially against the backdrop of the financial crisis and the credit crunch, it is crucially important for companies’ innovative capacity that more funding should be made available at both EU level and national level, and that financial instruments should be created which are tailored to the needs of their users. In order to make innovation policy more effective, the various support instruments need to be better coordinated and properly linked, with a leaner management structure; in other words, financial support must be better targeted."@en1
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