Activities of Therese COMODINI CACHIA related to 2016/2032(INI)
Plenary speeches (1)
Access to finance for SMEs and increasing the diversity of SME funding in a Capital Markets Union (A8-0222/2016 - Othmar Karas)
Amendments (8)
Amendment 11 #
Draft opinion
Paragraph 2
Paragraph 2
2. Underlines that Eurostat figures show that 2.9 % of the EU’s workforce, i.e. 6.3 million people, were employed in the cultural sector in 2014, which is comparable to the proportion of the workforce employed in the banking and insurance sector; ghlights that according to the same figures employment in the creative sector has since 2008 continuously increased and is one of the fastest growing sectors of the European economy, generating about 4.2% of total EU GDP;
Amendment 26 #
Draft opinion
Paragraph 4 a (new)
Paragraph 4 a (new)
4 a. Highlights that a lack of readily available information on sources of funding is a current challenge for SMEs and start ups, and that awareness of and an understanding of the funding schemes available needs to be fostered;
Amendment 32 #
Draft opinion
Paragraph 5 a (new)
Paragraph 5 a (new)
5 a. Notes with concern that according to the survey conducted in 2013 by the Commission, barriers of access to finance in the cultural and creative sector are mostly related to high uncertainty of market demand, lack of business skills, dependence on public investment schemes and specific market conditions and consequences, in order to address these, more accurate, non-traditional sector specific financial instruments would be needed;
Amendment 35 #
Draft opinion
Paragraph 5 b (new)
Paragraph 5 b (new)
5 b. Welcomes the new report published by the EU Member States expert group on access to finance for the CCS (creative and cultural sectors), a report drafted through the open method of coordination, and emphasises that the recommendations made therein are to be implemented by the Commission so as to create more efficient and innovative instruments and also to facilitate access to finance;
Amendment 37 #
Draft opinion
Paragraph 5 c (new)
Paragraph 5 c (new)
Amendment 38 #
Draft opinion
Paragraph 5 d (new)
Paragraph 5 d (new)
5 d. Proposes that more data analysis on existing financing tools should be carried out so as to identify best financing practices and to increase awareness and understanding of the investment and business opportunities offered by CCS companies;
Amendment 43 #
Draft opinion
Paragraph 6
Paragraph 6
6. Considers it to be crucial that the EU and its Member States broaden the range of financing instruments available to micro- enterprises and SMEs in the cultural and creative sector with new and innovative financing schemes such as microcredit, repayable contributions, crowdfunding, risk capital finance and venture capital., and proposes the development of public guarantee schemes aimed at stimulating investment in CCS by sharing the risks of investors;
Amendment 48 #
Draft opinion
Paragraph 6 a (new)
Paragraph 6 a (new)
6 a. Welcomes the ongoing project of the Commission on crowdfunding for the cultural and creative sectors and notes that according to good practices of CCS finance in Member States, policy and regulatory frameworks should focus on reward-based and donation-based crowdfunding which have been the most frequently used by SMEs in the creative sector;