Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-09-12-Speech-3-508-000"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20120912.27.3-508-000"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spokenAs | |
| lpv:translated text |
"−
Mr President, Commissioner, ladies and gentlemen, this evening we are examining two important texts, two proposals for a regulation, one on the European Venture Capital Fund and the other on the European Social Entrepreneurship Fund. The objective is simple: to establish a European label.
I hope that the Council will follow us immediately when we have adopted this regulation. I would remind you that it is a true driver of economic growth and a vehicle for inclusion and progress for our society.
As regards entrepreneurship, it is one tool among a number of provisions. In any event, I hope that the Commission will take ownership of entrepreneurship, which is a driver of growth, and that it will consider a number of provisions, mechanisms and tools associated with social entrepreneurship. I am going to let my colleague Mr Lamberts speak on venture capital.
I would like to speak on two matters. Firstly, what are the issues raised in this text? Secondly, why are we voting on it tomorrow in plenary?
First of all, as regards the issues raised in this text, what is the aim pursued? The aim is twofold: to foster the development of social investment and also to diversify the funding sources of social undertakings.
What is a social undertaking? The principle objective of a social undertaking is to achieve a positive social impact. It is, for example, to ensure that its human resources, its collaborators, include vulnerable or marginalised persons. A social undertaking is one whose objective is to support social activity. Today, these undertakings are mainly financed through grants. We all know that Member States and communities will find it harder and harder to support funding through grants. Therefore, these undertakings see their future compromised, at a time when they need sustainable growth and to bring about innovation. We must help them to find other sources of funding so that we can improve our social market economy. In this respect, I must point out that social entrepreneurship accounts for 10% of European undertakings and 11 million employees. The social investment market is already very active in a number of Member States which are experiencing high levels of growth, but it is, unfortunately, very fragmented.
At a time when the world of finance is so reviled, I find it satisfying that this text is able to demonstrate that profit is not the be all and end all for this world of finance, and that finance can and must play a major role in the social economy and the real economy.
I would like Mr Barnier to know how much I welcome this proactive approach. Traditionally, the Commission had a relationship of regulation and control with finance, which was appropriate. Today, we are committed to a proactive approach, the aim of which is to give an impetus to put finance at the service of the real economy. I am grateful to the Commission for adopting this approach.
Why are we voting on this text tomorrow in plenary? We worked actively on it this summer. My objective was twofold. It was to obtain accessibility and security, because this label must be open and accessible, but not at any price and not to just anyone.
Today, we reached agreement in the trialogue – I am sorry for taking slightly longer than my allotted time, Mr President, but the issue is a little complicated – and I will ask my colleagues to support this agreement tomorrow."@en1
|
| lpv:videoURI |
Named graphs describing this resource:
The resource appears as object in 2 triples