Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-24-Speech-1-138-000"
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"en.20111024.15.1-138-000"2
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"Mr President, Welsh SMEs provide 99% of my nation’s employment. However, they are really struggling right now with the economic downturn, and although I appreciate the Small Business Test and all the efforts under the Procurement Directive and such initiatives, they actually still do not help directly the micro- and small businesses in this current climate.
Wales is subject to top-level convergence funding, and given that the primary funding objective is that of raising standards of competitiveness in the poorest-performing regions, I would like to urge the Commission to encourage regional governments to use the money directly to support the expansion of SMEs.
Micro businesses employ thousands of people. Assisting them to employ a single new employee through a targeted use of convergence funding could have a hugely stimulating effect on the local, national – and EU – economy. SMEs need less red tape, yes, but they need more assistance through direct action.
Let us coordinate our policies to re-stimulate growth."@en1
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