Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-05-11-Speech-3-556-500"
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"en.20110511.34.3-556-500"2
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"I welcome the Commission communication on the SBA review as it deals, to a large extent, with the problems which SMEs are faced with and for which European and national policies will have to come up with a solution.
The Single Market Act has placed a strong emphasis on supporting SMEs. A large number of the measures proposed, such as the review of the accounting directives, cutting red tape, improving access to the capital and public procurement markets, etc. feature in this communication.
One of the major problems facing SMEs is the lack of access to funding, which not only hampers innovation but also the growth of these businesses. Innovative SMEs in particular need broader access to informal funding and to funding based on venture capital holdings as well, which is the main source of funding for new businesses.
SMEs can also be supported by domestic tax incentive measures, especially during the first few months of business.
Finally, I think that the Late Payments Directive has to be implemented fairly for SMEs. Furthermore, with the aim of helping SMEs expand their cross-border activities, the process of recovering cross-border debts will need to be facilitated and the European Private Company Statute adopted without delay."@en1
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