Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-05-12-Speech-4-237-093"

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"SMEs are essential to the European economy’s dynamism. There are 23 million SMEs within the EU; they employ fewer than 250 people and their turnover does not exceed EUR 50 million; they account for 99% of European businesses and employ nearly 70% of the workforce in the private sector. In a context of difficult recovery and of increased international economic competition, establishing a European strategy would be welcome. The ‘Small Business Act’ is aimed at increasing entrepreneurship in Europe and helping businesses grow. Therefore, it is an absolute requirement that we reduce administrative formalities and put in place a modern administration adapted to the needs of SMEs. That is why the Commission must establish a unified system for setting up a business. It would also be useful to introduce an ‘SME test’ to assess the impact of all future legislation on SMEs and check that this legislation will not stifle the potential these businesses have for growth."@en1

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