10 Amendments of Steeve BRIOIS related to 2016/2302(INI)
Amendment 25 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. WelcomNotes the Commission’s reporting exercise, which provides strong evidenceuts at EUR 347.6 billion the total volume of investment under thate European Structural and Investment (ESI) Funds through grants and financial instruments resulted in solid impact and visible results by investments in EU regions, which, not including national cofinancing and additional resources mobilised as a result of the leverage effect; points out that almounted to EUR 347.6 billion, excluding national co- financing and additionally leveraged resourcst all EU investments are funded using national contributions from the Member States;
Amendment 31 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. WelcomNotes the existing European Investment Bank (EIB) Cohesion Policy operations visible in annual reports and sector reports, revealing the impact on SMEs and mid-caps, infrastructure, research and innovation, the environment, energy and agriculture; concludespoints out that EIB lending in support of Cohesion Policy for the period 2007-2013 is estimated at EUR 147 billion, which represents roughly 38 % of all lending in the EU;
Amendment 33 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Welcomes the factNotes that in 2014- 2020 the EU is expected to invest EUR 454 billion through ESI Funds, and with national co-financing for the investment in the form of grants and financial instruments the sum is expected to rise to EUR 637 billion; points out that these funds cannot prevent the fall in public investment or growing regional disparities in the EU; points out that the Commission had put the lack of public investment in EU Member States at EUR 300 billion;
Amendment 37 #
Motion for a resolution
Paragraph 3 a (new)
Paragraph 3 a (new)
3a. Acknowledges that Stability and Growth Pact rules, which are based on the objective of keeping the public deficit below 3% of GDP, only end up reducing public investment in the Member States and local communities, as is the case in Portugal, where it fell by 19.5% during the first semester of 2016;
Amendment 44 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Acknowledges that both the volume and the quality of financial instruments (in the form of microcredit, loans, guarantees, equity and venture capital) under Cohesion Policy’s shared management increased; highlights the two main reasons for this trend – the 2007-2013 period provided valuable experience and lessons regarding ESI Funds implementation through grants and financial instruments, while the 2014-2020 MFF reflects the post-crisis need for more financial instruments owing to fiscal limitationthe austerity policies the Commission is imposing on the Member States;
Amendment 48 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Welcomes the factStresses that crucial regulatory changes in programming, implementation and management of financial instruments, such as direct links to and coverage of all 11 thematic objectives, compulsory ex-ante assessment, and creation of tailor-made and off-the- shelf solutions and reporting mechanisms, contribute to delays in the implementation of financial instrumentsESIF;
Amendment 69 #
Motion for a resolution
Paragraph 8 a (new)
Paragraph 8 a (new)
8a. Notes that the chronic overestimation of projected leverage effects can mostly be put down to institutional investors’ disenchantment with projects of public interest which, being such, are less profitable;
Amendment 120 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. WelcomesTakes the view that the Commission’s actions in optimising regulation; emphasises that, despite the improvements,have added to the regulatory burden weighing down beneficiaries and project organisers ; emphasises that complexity still exists and issues such as the long set-up time and the administrative burden for recipients are disincentives to use financial instruments; calls on the Commission to work closely with the EIB and the EIF to make access to ESI Funds microcredit, loans, guarantees, equity and venture capital as easy as using grants;
Amendment 128 #
Motion for a resolution
Paragraph 13 a (new)
Paragraph 13 a (new)
13a. Points out that there are inherent fixed costs associated with the use of financial instruments that certain structures or enterprises cannot afford, given their size;
Amendment 132 #
Motion for a resolution
Paragraph 15
Paragraph 15