Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-22-Speech-2-057-375"
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"en.20120522.4.2-057-375"2
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"EU Structural Funds must show greater awareness of the needs of SMEs so that more SMEs are able to draw down EU funding. SMEs do not have the same capacity or resources as larger firms to prepare detailed applications. We need less red tape. The economic crisis has hit the SME sector more than the larger enterprise sector – twice the number of jobs have been lost in the SME sector than in the larger enterprise sector. SMEs have proven their job potential in the past – 85% of all new jobs created in the EU between 2002-10 were in SMEs – and can do so again. Over the past couple of years, the EIB has provided loans of EUR 250 million to Irish banks for onward lending to SMEs. It is not clear how much of this has actually reached SMEs. The commitments under the proposed Competitiveness and SME programme (COSME) to better monitor EU lending to SMEs must therefore be fleshed out and strengthened."@en1
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