Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-22-Speech-2-042-000"

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"en.20120522.4.2-042-000"2
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"Mr President, Wales is one of the poorest regions in the EU and also has a very high dependence on micro and small businesses. Despite Wales receiving two rounds of structural funding, it has not seen a significant improvement in GDP, and we therefore need to apply the Structural Funds in a different way in order to stimulate economic productivity. As the Commissioner said in his opening remarks, if each SME were able to employ one new person, it would have a major impact on economic growth. Therefore, we need to ensure that regions are explicitly encouraged to take action to allow SMEs access to Structural Funds on a priority basis, and not just through JEREMIE and JESSICA. Civil servants cannot generate economic returns, but allowing our small businesses access to finance for employment and competitiveness could provide a major stimulus. Action to assist SMEs should not be considered State aid, since this can be used as an excuse by regional administrators for not funding SMEs."@en1
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