Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-13-Speech-2-347-500"
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"en.20120313.17.2-347-500"2
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"I voted to adopt this report, given that European cooperative societies (SCEs) can provide a means for increasing the economic clout of SMEs on the market. However, by 8 May 2010, there were only 17 SCEs registered in nine Member States, none of which had a significantly large number of workers. Although the 21 million SMEs in the EU are a major asset to sustainable growth and creating jobs, the difficulty SMEs have in accessing funding is a considerable obstacle preventing them from launching new products, strengthening their infrastructures and taking on more employees.
Indeed, Member States need to foster conditions which are more conducive to providing access to loans and tax incentives. In actual fact, providing SMEs with access to funding is a principal objective proposed by the Commission as part of the 12 levers to boost growth and strengthen the confidence of citizens by ‘working together to create new growth’, included in the Single Market Act. The key action proposed by the Commission involves implementing legislation intended to facilitate the possibility of venture capital funds set up in one Member State investing in any other Member State without any barriers or supplementary conditions."@en1
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