Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-12-11-Speech-2-102"

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"en.20011211.6.2-102"2
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". The launch of the Growth and Employment Initiative is a very positive step in terms of increasing and improving employment prospects in the EU. In the last few years, SMEs and micro-companies have been responsible for creating the largest number of new jobs. The report submitted by the Commission provides an objective analysis of the development of the three financial instruments for SMEs: the Start-up Facility (ETF), the Joint European Venture (JEV) Programme and the SME Guarantee Facility. However, the critical observations set out in Mr Bushill-Mathews’ report, which I share and voted for, are highly relevant. I would like to stress, firstly, the need for the Commission to indicate clearly in future the degree to which forecasts of job creation actually materialise. Secondly, the Commission should carry out an in-depth analysis of the reasons which lead some countries to make extensive use of the different programmes and others to record a low or nil rate of use. I would like to point out in this respect that Portugal is one of the Member States not included in the ETF-Start-up Facility, aimed at initial-phase investment in high technology projects. Indeed, as far as the SME Guarantee Facility in the 31.12.2000 reference period is concerned, the rate of use is quite low. According to preliminary data supplied by the financial intermediaries, only eight Portuguese SMEs benefited from a guarantee under this mechanism, whereas in Spain there were 2 812 beneficiaries. That analysis will be a very important indicator for the definition and adoption of regulatory measures, particularly in terms of transparent access to information, simplification of the procedures for submitting applications and speedy allocation of funds."@en1

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