Activities of Hannu TAKKULA related to 2016/2302(INI)
Plenary speeches (1)
The right funding mix for Europe’s regions: balancing financial instruments and grants in EU cohesion policy - Future perspectives for technical assistance in cohesion policy (debate) FI
Shadow reports (1)
REPORT on the right funding mix for Europe’s regions: balancing financial instruments and grants in EU cohesion policy PDF (573 KB) DOC (86 KB)
Amendments (19)
Amendment 6 #
Draft opinion
Recital B
Recital B
B. whereas the traditional European production model needs to be preserved and enhanced, enhanced and supported in its transition to innovative, resource-efficient and climate-smart ways of production, based on small and medium-sized family farming as a guarantee of our agriculture’s social and environmental sustainability;
Amendment 23 #
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
1 a. Encourages a greater involvement of regional and local authorities in the distribution and use of funds which is essential for improving farmers' position and reiterates the importance of the LEADER programme in that context;
Amendment 49 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Welcomes the fact 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 toan have a critical impact on the attractiveness and speed of the implementation of financial instruments;
Amendment 49 #
Draft opinion
Paragraph 3 a (new)
Paragraph 3 a (new)
3 a. Highlights the importance of a stronger promotion of financial possibilities in order to encourage their use for the public and private sector; calls for a better presentation of the results achieved, especially on the regional and local level;
Amendment 51 #
Draft opinion
Paragraph 3 a (new)
Paragraph 3 a (new)
3 a. Calls on the Commission and Member States to ensure that delays in payments that farmers are entitled to under the CAP are avoided;
Amendment 61 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Recognises that grants have some strengths as compared to financial instruments: supporting projects that do not necessarily generate revenue, providing funding to projects that for various reasons cannot attract private or public funding, targeting specific beneficiaries, issues and regional priorities, and lower complexity of use owing to existing experience and capacity; acknowledges that in some cases grants are bound to limitations: difficulties in achieving project quality and sustainability, risk of substituting public funding in the long-run and a crowding-out effect for potential private investment even when projects may have a revolving nature and a capacity to generate revenues to repay a loan-based financing;
Amendment 66 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Recognises that financial instruments offer advantages such as leverage and revolving effects as well as higher risk investments, including private capital through high-quality bankable projects; acknowledges that financial instruments come with certain disadvantages: slower implementation, higher complexity, and high management fees and implementation costimplementation costs that include also management fees; notes that grants represent preferable investments in some policy areas, such as the ones covered by the ESF;
Amendment 67 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Recognises that financial instruments offer advantages such as leverage and revolving effects as well as higher risk investments, including private capital through high-quality bankable projects; acknowledges that financial instruments come with certain disadvantages: slower implementation, higher complexity, and high management fees and implementation costs; notes that grants represent preferable investments in some policy areas, such as the ones covered by the ESF and the research and innovation policy;
Amendment 74 #
Draft opinion
Paragraph 5 a (new)
Paragraph 5 a (new)
5 a. Considers that given the current situation of the European agricultural sector, it is necessary, for the period after 2020, to increase the possibilities of financing projects without lowering non- refundable financial contributions;
Amendment 79 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Recalls that the positive experience of using financial instruments in the 2007- 2013 programming period was accompanied by a number of performance issues due in part to the lack of sufficient relevance experience at that time with the use of financial instruments in the context of cohesion policy: late start of operations, inaccurate market assessment, diverging regional uptake, overall low disbursement rates, low leverage effect, problematic revolving, high management costs and fees and inadequately large endowments; however, also recalls that after various extensions of implementation deadlines for the financial instruments belonging to the 2007-2013 programming period, a number of the original shortcomings were adequately addressed and rectified during the following two years (i.e. until end of 2015);
Amendment 107 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Notes that some implementation delays willdid affect originally foreseen disbursement rates, revolving and leverage; recalls the fact that delays in the 2007-2013 period contributed irreversibly to sub-optimal performance of ERDF and ESF financial instruments; emphasises that all necessary steps should be taken to mitigate the negative effects of delayed implementation, especially regarding the risk of limited use and impact;
Amendment 115 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Notes the significant differences across the EU regarding the penetration of financial instruments, including ESI Funds and the first result of the European Fund for Strategic Investments (EFSI); emphasises that the overall success of such instruments depends on how easy they are to use and the ability of the Member States to manage investments through them;
Amendment 125 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Welcomes the Commission’s actions in optimising regulation; emphasises that, despite the improvements, 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 in combination with EFSI (i.e. for blending activities), microcredit, loans, guarantees, equity and venture capital as possibly easy as using grants;
Amendment 149 #
Motion for a resolution
Paragraph 17
Paragraph 17
17. Recognises that challenges such as migration and security or ongoing and future political developments in the EU should not negatively affect the investments through Cohesion Policy or its goals and expected resultsambitions and expected results of the Cohesion Policy, especially after the current programming period;
Amendment 151 #
Motion for a resolution
Paragraph 17 a (new)
Paragraph 17 a (new)
17a. Encourages a greater involvement of regional local authorities in the distribution and use of funds;
Amendment 166 #
Motion for a resolution
Paragraph 19
Paragraph 19
19. Highlights that financial instruments perform better in well- developed regions and metropolitan areas, while grants address regional structural issues; notes that increasing the share of financial instruments should not influence the grant appropriations as this would hinder the balance; emphasises that in a number of public policies, like research and innovation, grants have to dominate, while financial instruments can play complementary roles;
Amendment 167 #
Motion for a resolution
Paragraph 19
Paragraph 19
19. Highlights that financial instruments performed so far better in well- developed regions and metropolitan areas, while grants address regional structural issues; notes that increasing the share of financial instruments should not influence the grant appropriations as this would hinder the balance; emphasises that in a number of public policies grants have to dominate, while financial instruments can play complementary roles;
Amendment 169 #
Motion for a resolution
Paragraph 19 a (new)
Paragraph 19 a (new)
19a. Highlights the importance of a stronger promotion of financial possibilities in order to encourage their use for the public and private sector; calls for a better presentation of the results achieved, especially on the regional and local level;
Amendment 170 #
Motion for a resolution
Paragraph 19 b (new)
Paragraph 19 b (new)
19b. Considering the current situation of the cohesion and economic development, it's necessary, for the period after 2020, to increase the possibilities of financing projects without lowering non - refundable financial contributions;