Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-09-13-Speech-4-268-218"
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"en.20120913.29.4-268-218"2
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"I voted for the amendments tabled by Parliament on the proposal for a regulation on European Venture Capital Funds. I think that it is important that this regulation’s objective is to support economic growth and innovation in the EU’s small and medium-sized enterprises (SMEs).
At present, venture capital plays a minor role in funding SMEs. SMEs mainly rely on bank loans which account for more than 80% of their funding, while only 2% of funding comes from venture capital specialists. The corresponding figure in the United States is 14%. I voted in favour of managers of a qualifying venture capital fund being able to attract additional capital commitments during the lifetime of that fund. Additional capital commitments should be allowed based on criteria and conditions set out in the fund’s regulations or in its statutory documents.
I am in favour of the venture capital funds’ basic activities involving funding of SMEs via primary investments. Venture capital funds must not get involved in systemic banking activities outside the normal prudential regulatory framework (the ‘parallel banking system’)."@en1
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