Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-04-26-Speech-3-228"
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"en.20060426.17.3-228"2
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"Ladies and gentlemen, I look forward to our discussions even at this late hour, as SMEs are the mainstay of the entire European economy, and deserve our attention. They are a guarantee of innovation, they are flexible and they account for two-thirds of all employment. Every major corporation started out as a small enterprise – Volkswagen, Microsoft or Google, to name but a few.
This is proof that supporting innovative business ideas with a good commercial strategy brings benefits to the whole of society. A globalising economy, trade liberalisation and uniform trading rules have already brought numerous challenges and opportunities to many businesses. Translating these opportunities into concrete products and services demands conditions that will foster entrepreneurial activity.
I have pointed out earlier, at the time of Edit Herzog’s report into the effects of globalisation on the internal market, the need to create a sound environment for SMEs by giving them access to finance and to risk capital, particularly in the early stages of their development. I would like to thank the rapporteur in 't Veld for drawing attention to the additional use of risk capital as an external long-term source of funding for companies. Access to risk capital is important for supporting innovation. To achieve this, State aid is required, which as an additional instrument needs to be timely, transparent and targeted. In this way we can improve the competitiveness of our national economies and of the European single market as a whole.
This report is an important signal to the business community that the European Parliament wants to create a stimulating entrepreneurial environment for small and medium-sized start-ups with innovative ideas but without the financial resources to carry out their plans. In this way we will provide them with a promising future."@en1
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