Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-09-Speech-3-459-000"
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"en.20110309.19.3-459-000"2
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"The recent economic crisis has confirmed that small and medium-sized enterprises are still the driving force of economic and social development, playing a key role in promoting economic competitiveness and creating jobs. I welcome this report and I think that the EU instruments supporting competitiveness need to be reviewed and strengthened with the aim of streamlining administrative procedures and facilitating access to funding for SMEs. It is also absolutely essential to introduce innovative incentive mechanisms, based on achieving the targets linked to smart, sustainable growth with an integration aspect, and to promote closer cooperation with the financial institutions. One important method for funding innovation for SMEs which is available via the European Investment Bank is the Risk Sharing Financial Facility. However, to ensure its success, the European Commission needs to make significantly more funds available, including through innovation funds from ERDF sources, and to promote direct private investments and innovative financing mechanisms for high-risk innovative projects and those in which SMEs participate."@en1
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