Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-16-Speech-3-151-000"

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"Mr President, this is an important motion for a resolution on the mechanism of financial support for small and medium-sized enterprises. Occasionally, we face criticism that on one hand we talk about the important role of this business sector – in manufacturing, in the creation of one third of the GDP in the European Union and in the creation of secure jobs – but without good instruments providing financial support to these companies. Most of the EU funds for development and innovation go primarily to large companies due to their requirements. This should be changed, since small and medium-sized enterprises are unable to meet the demands made of them. The crisis has severely limited small and medium-sized enterprises’ access to credit and loans, and new regulations that are targeted at the banking sector may make matters even worse. Let me mention here the Basel III package, which has already been approved, with regard to its precautionary standards. I believe that access to funding for business development, particularly in the field of innovation, is especially important. We emphasise the role of small and medium-sized enterprises, particularly as a group of ‘sleeping innovators’. These small and medium-sized enterprises need to enter the European market on a wider scale. This will help to revive the economy, create jobs and achieve the objectives established in the Europe 2020 Strategy."@en1
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