Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-05-11-Speech-3-525-000"
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"en.20110511.34.3-525-000"2
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"Mr President, the Small Business Act was given a warm welcome by SMEs, but that was two years ago. It is really important that we now show small businesses that this was not just a piece of paper.
On the issue of administrative burden, the target should not be a once-off which we reach and then abandon. It is something we have to keep working on. I am particularly concerned about the situation that micro-businesses find themselves in. It is all right – or it is relatively all right – for a small business of 249 employees that has specialist administrative staff but, for a micro-business with one or two staff, over-regulation can actually make trading impossible. We should not forget that micro-businesses of less than 10 employees actually make up over 90% of all EU businesses.
Micro-businesses really need to be treated like family units and, in particular, the EU and its Member States need to work together to look at how small businesses can be given upfront support for energy efficiency improvements. Indeed, the broader question of finance for SMEs is vital.
Just before Easter, a number of MEPs from the Committee on Industry, Research and Energy went to California to see how investment works in Silicon Valley. What we discovered was that venture capital was much more available than in Europe, and that those who provided it were much more risk-taking in their approach. Californian venture capitalists expect nine out of ten investments to fail. The one in ten which succeeds pays for all the rest, but the motto is ‘fail fast’. There is much we can learn about how we could better support our own innovative small businesses in Europe. Perhaps not least, we should not stigmatise failure but rather use it as a step to success."@en1
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