Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-16-Speech-3-253-000"
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"en.20110216.11.3-253-000"2
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"Small and medium-size enterprises will play a vital role in reinvigorating economies across Europe that are currently witnessing economic contraction or, at best, slight economic growth. In my constituency of Northern Ireland, 98% of all companies can be classified as SMEs. It is essential that SMEs are given as much support as possible to play their part in the economic recovery, yet what do they currently face? They face a squeeze from banks when it comes to existing credit and the future credit that is necessary to their existence. The EU must therefore look at ways of encouraging banks to lend whilst ensuring that the mechanisms put in place by the EU to support SMEs are accessible.
The current programmes must be streamlined and simplified, making application and access easier. Already burdened by huge amounts of EU red tape, many SMEs with limited manpower simply do not have the capacity or time to go through the current application processes. Some are not even designed with those who are in real need in mind. The programmes in place have the potential to help, but that help must be easier to obtain."@en1
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