9 Amendments of Michela GIUFFRIDA related to 2016/2032(INI)
Amendment 5 #
Draft opinion
Paragraph 1
Paragraph 1
1. Emphasises the key role of MSMEs in generating growth and employment in EU regions; notes that in the current climate of fiscal constraint, cohesion policy is a vital source of support for SMEs;
Amendment 14 #
Draft opinion
Paragraph 2
Paragraph 2
2. Welcomes initiatives designed to diversify sources of funding and reduce the cost of capital for MSMEs; stresemphasises the need to improve the way in which capital markets fund the real economy, by developing alternatives to bank loans, and to make EU funding more attractive to SMEsimportance of the SME Supporting Factor for maintaining and increasing bank lending to SMEs and calls on the Commission to explore the possibility of making this factor permanent;
Amendment 24 #
Draft opinion
Paragraph 2 a (new)
Paragraph 2 a (new)
2a. Notes that bank lending is traditionally the most important external financing source for MSMEs; highlights that bank-based and capital-based financing models should be complementary; stresses the need to improve the way in which capital markets fund the real economy, by developing alternatives to bank loans;
Amendment 29 #
Draft opinion
Paragraph 3
Paragraph 3
3. Calls on the Commission and the Member States to provide a clear and stable legal environment, and to guaranteeensure enhanced coordination, and consistency and synergies between instruments and programmes which suppormong all EU investment policies targeted at MSMEs, such as the including the EFSI, European Structural and Investment Funds (ESI funds), Horizon 2020 and COSME; welcomes the Juncker investment plan, and draws SMEs' attention to the opportunities offered by the European Fund for Strategic Investment (EFSI)European Investment Fund (EIF), specific financial instruments foreseen by funding programmes such as COSME, Horizon 2020, EASI, Connecting Europe Facility;
Amendment 40 #
Draft opinion
Paragraph 3 a (new)
Paragraph 3 a (new)
3a. Points out that direct state aid, which does not distort the benefits of competition at EU level, is sometimes necessary in order to assure the needed funds for start- ups and MSMEs, especially where the socioeconomic conditions do not allow for another source of access to finance; calls on the European Commission to set out the conditions for compatible state aid at national and regional level and to clarify synergies and complementarity between EU rules on ESI Funds and on state aid;
Amendment 46 #
Draft opinion
Paragraph 3 b (new)
Paragraph 3 b (new)
3b. Calls on the Commission and Member States to promote a holistic approach to the dissemination of information on all EU funding opportunities (including Banking Union, Capital Markets Union and EU regional funds) at European, national, regional and local level;
Amendment 47 #
Draft opinion
Paragraph 4
Paragraph 4
4. Stresses that the complexity of the rules and the amount of red tape involved in obtaining ESI funding, including disproportionate administrative costs and the time lag before payments are actually received, affects SMEs in particular; calls for a thorough simplification of the process, and urges the Commission to clarify how the rules governing ESI Funds and the rules on State aid fit togethercosts and obstacles to timely payments, have a negative impact on access to finance for MSMEs; calls on the European Commission and on the national and regional authorities to simplify the administrative procedures and the legislation;
Amendment 55 #
Draft opinion
Paragraph 4 a (new)
Paragraph 4 a (new)
4a. Calls for a simplified and less regulated access to credit, in particular taking into account the specific characteristics of micro-enterprises and start-ups; regrets that investors and banks are often reluctant to finance businesses in their start-up and early expansion phases and that many MSMEs, find it hard to gain access to external funding; asks, therefore, the Commission, Member States and regional authorities to pay particular attention to improving access to finance for microenterprises and start-ups that want to scale-up;
Amendment 61 #
Draft opinion
Paragraph 5
Paragraph 5
5. Notes that, setting aside the issue of their size, each SME is different and there are many factors which determAcknowledges the diversity of MSMEs and mid-caps in the Member States, which is reflected ine their needs and the ease with which they can obtain funding, such as where they are based, the business sector in which they operate and the stage they have reached in their development; calls on the Commission, Member Statesbusiness models, size, geographical position, socioeconomic environment, stages of development, financial structure and rlegional authorities to take these factors into account in coming up with tailor-made financing arrangements which in particular exploit the scope for combining subsidies and funding instrumeal form; stresses that European and national rules on funding opportunities for MSMEs should take these different financing needs into accounts.