Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-22-Speech-2-057-062"
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"en.20120522.4.2-057-062"2
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"I entirely agree with the Council and the Commission that small and medium-sized business is the basis of the European Union economy and a significant source of employment and job creation. The continuing crisis situation has left more than 25 million EU citizens unemployed and it is therefore necessary to exploit the potential of small and medium-sized business to contribute to reducing unemployment and creating jobs. I believe that access to financing is one of the main problems remaining, which is making the situation for small business worse. The Council member mentioned that over the period 2007-2014, small and medium-sized enterprises will have access to approximately EU 70 billion in financial assistance from the Structural Funds and various programmes for small business administered by the European Investment Bank. However, some years ago, there were more than a few misgivings about the effectiveness of assistance allocated because it emerged that the Member State commercial banks administering EIB financing during the crisis tightened lending conditions even more and this hampered SMEs’ opportunities to receive assistance from EU funds. The lack of information in the Member States about the accessibility of such financial assistance to small and medium-sized enterprises also remains a major barrier to using the assistance allocated. I believe that the Commission must provide data about the assistance that has so far been allocated to SMEs, how it was distributed in the Member States, and assess the effectiveness of that assistance and determine the most effective principles for the provision of assistance, so that SMEs can take advantage of financing opportunities in a timely manner."@en1
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