An organisation representing small and medium-sized businesses (SMEs)
in Europe wants a rethink of EU funding for regional projects to make
them more accessible to small firms.
Financial tools and funding opportunities from the European Investment Bank (EIB) should be redesigned as part of a forthcoming review, according to the European Association of Craft, Small and Medium-sized Enterprises (UEAPME).
Gerhard Huemer, director for economic and fiscal policy at the association, says the existing instruments are "often too large and too complicated to be helpful for SMEs".
Huemer recognises the key role of EIB funding in regional and local initiatives, but fears smaller companies are not benefiting from the schemes.
His remarks come on the day the EIB publishes its annual report (25 February) and in the wake of comments by EIB President Philippe Maystadt, who flagged regional funding as vital for the EU's economic recovery.
To read the full, original article click on this link: SME group wants EU regional funding scheme 'redesigned' | EurActiv
Author: EurActiv
