Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-12-13-Speech-2-441"
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"en.20051213.65.2-441"2
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".
Madam President, Commissioner, ladies and gentlemen, one of the factors that influence businesses when they are deciding whether or not to invest in a particular region is the extent to which they will receive support in the form of State aid. This aid therefore also contributes to economic growth and job creation in the region in question. It is entirely natural that most State aid is granted in the European Union’s neediest regions, since it helps to reduce regional disparities, similarly to the Structural Funds. The priority should therefore be to use State aid in convergence regions, pursuant to Article 87(3)(a).
The same Article must also, however, apply to regions affected by the statistical effect, as demanded in the Third Progress Report on economic and social cohesion, and it must continue to apply until the end of the programming period in 2013. The obligation to maintain investment within the relevant regions must remain in place for at least five years – I repeat, five years – after the investment. Seven years would have been preferable, but five years is the absolute minimum needed in order to prevent ‘investment hopping’ wherever possible. This five-year period should be enforced in the case of both large companies and SMEs, in order to avoid State aid being used as an incentive to relocate jobs to other areas of the EU, and as a source of funding for large-scale redundancies and plant closures. If State aid is used, monitored and analysed correctly, it can be a useful tool to boost growth and job creation."@en1
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