Local view for "http://purl.org/linkedpolitics/eu/plenary/2015-06-24-Speech-1-428-500"
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"en.20150624.34.1-428-500"2
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"The proposed European Fund for Strategic Investments is not perfect in design: I remain sceptical over the decision to strip Horizon 2020 of EUR 2.5 billion, particularly from collaborative research and societal challenges, and it would have been preferable to source the guarantee from the margins of the EU budget. The development of the plan also needs to be scrutinised to ensure that the Commission’s promises of a leverage multiplier of 15 with private money comes to fruition.
Nevertheless, the plan provides the opportunity to front-load important spending on renewable energy projects, energy efficiency, electricity and transport networks, and seed capital for SMEs, at a time when Europe is crying out for investment capital: under this plan many projects which otherwise would have been tied up in red tape for years can be brought forward now. In addition, Parliament has improved the Commission’s original proposal, such as through the governance of the Fund and the criteria for project selection. Scotland can benefit significantly, from North Sea marine energy grids to electric car infrastructure to renovation of buildings for energy savings. Therefore I voted in favour."@en1
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