Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-06-15-Speech-2-353"

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"en.20100615.24.2-353"2
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"I consider it unacceptable that global economic competition has brought about a situation where not only production facilities but also the corresponding research and development resources are relocated to third countries. This trend must be decisively countered through a bold and painstaking industrial innovation policy, guaranteeing the competitiveness of the European Union economy and the transfer to a knowledge-based and low-carbon economy. For this reason, the volume of EU funding for innovation is, in my opinion, inadequate, representing less than 1% of the EU budget, and I agree with the rapporteur that this shortfall should be put right in the financial perspective for the period 2014–2020, work on which will begin by the end of this year. At the same time, it is necessary, in view of the fact that the financial crisis has contributed to a freezing of credit for innovative business projects, for Member States to also think seriously about a clear increase in funding for research and development, which will guarantee their competitiveness in the long term and help to save and create jobs."@en1

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