Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-08-Speech-2-719-000"
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"en.20110308.30.2-719-000"2
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"Madam President, I would first like to thank the rapporteur. Europe needs a new approach to industrial policy and the funding of programmes related to it. In addition to the structural reforms in the European Union’s financial perspective, the emphasis should be on innovative financing measures. I am not only talking about Eurobonds or project bonds, but about completely novel approaches to industrial policy, science and the funding of innovation. We must take innovative small businesses and help them grow. We must find new ways to help companies to share risks and combine various instruments, including on a pan-European basis
Estonia has experience, for example, with revolving funds, which guarantee risk, rather than giving out grants and direct assistance. In the innovation cycle, these funds have facilitated a considerable increase in such funding for businesses. Grants are important, but what is more important, in the basic research phase, is to find new ways to use public money more effectively."@en1
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