Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-05-12-Speech-4-169-000"
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"en.20110512.25.4-169-000"2
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"Madam President, I fully agree with the demand for the assessment of the impact of all relevant bills on small and medium-sized enterprises (SMEs) to be performed systematically both at a national and at a European level, because these businesses are the real backbone of the European economy and, as such, provide more than 100 million jobs.
Current practice shows, however, that at a regional and local level, access to financial support for the initial stages of innovation and for supporting start-ups and small innovative companies is still very inadequate and patchy in the EU.
This heterogeneity is also confirmed by the finding that 75% of the overall EUR 21 billion assigned for financial support was made fully available through the intermediary banks, which was drawn on by just 50 000 out of the total of 23 million SMEs."@en1
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