Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-22-Speech-2-030-000"
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"en.20120522.4.2-030-000"2
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"Mr President, small and medium-sized enterprises (SMEs) make up more than 90% of the companies in the EU and provide more than 80% of the jobs. They are the backbone of our economy and access to sufficient capital has been a particular problem for them during the economic crisis.
A recent study carried out by the European Parliament shows that the existing funding instruments are not adequately targeted. The reason for this is that a proper distinction is not being made between the different types of SME. They are not a homogeneous group, either in terms of the number of people they employ or of their turnover. One consideration is the company’s current phase of development. A young and innovative entrepreneur who is just building up his business has different requirements from a traditional family company.
The majority of problems are caused by high administration costs and complex accounting requirements. We need to start taking action in this area to ensure that SMEs, which are the engine of our economy, can grow accordingly."@en1
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