Activities of Clare MOODY related to 2016/2032(INI)
Shadow opinions (1)
OPINION on access to finance for SMEs and increasing the diversity of SME funding in a Capital Markets Union
Amendments (5)
Amendment 8 #
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
1a. Notes that young entrepreneurs and women in particular face additional barriers in access to finance and emphasises that more should be done to unlock their potential as job creators and drivers of economic growth; this should be considered by the Commission as a measure of success or failure in its reports to the Parliament;
Amendment 9 #
Draft opinion
Paragraph 1 b (new)
Paragraph 1 b (new)
1b. Notes that SMEs in member states that do not have public investment banks may be at a disadvantage compared to those in countries with functioning publicly owned investment banks as assessment of public interest is not a priority for private banking institutions;
Amendment 19 #
Draft opinion
Paragraph 4
Paragraph 4
4. Welcomes the further opening of ESIFs to SMEs and the design of new dedicated schemes; supportand evolution of schemes to address market failures; notes the shift from grants to the provision of guarantees through financial instruments with higher leverage and less distortive effects on competition; emphasises that grant funding should be maintained where it is playing a critical and necessary role in the promotion of innovation, development and research which are highly important for job creation and the future economic success of Europe; recalls the importance of structural funding for attracting further private investment to the benefit of SMEs in poorerless developed, poorer and more remote regions;
Amendment 24 #
Draft opinion
Paragraph 5
Paragraph 5
5. Believes that the rules governing SME access to these instruments should be further simplified and made more flexible; particularly in the case of microfinance; calls on the Member States and the Commission to spare no effort to that endmake smart simplification a priority; calls also on the Member States, regional authorities and local business organisations to use available EU funding tools to increase the financial literacy of SMEs.; would further welcome accountability measures targeted at financial intermediaries which don't overburden SMEs or unreasonably increase costs;
Amendment 26 #
Draft opinion
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Welcomes the addition of the European Investment Advisory Hub as Europe's gateway to investment support but believes more could be done to develop signposting and support for SMEs to access relevant EU funds.