Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-05-12-Speech-4-183-000"

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"Madam President, I endorsed the report on Innovation Union. Innovation is, of course, crucial for Europe’s development. However, in my opinion, something which is absolutely fundamental is support for innovation in the small and medium-sized enterprise sector in particular, especially in the European Union’s new Member States, which, in this respect, are some way behind. Indeed, it is events in this sector – as would appear from numerous analyses – which will decide if the European economy of the future will be competitive in relation to other major world economies. It should be remembered – as is shown by research conducted by accountancy firm Ernst & Young – that three quarters of applications submitted by small enterprises in Europe for research subsidies and the purchase of new technologies are, unfortunately, rejected by the banks. Funding is a serious problem, so we should persuade individual Member States to support small and medium-sized enterprises in this area. Without this support, they will not cope with the growing competition in the world economy."@en1
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