An action plan to improve access to finance for SMEs

19 Sep 2012
Adopted References: CESE 1411/2012 - INT/632 Referral - COM(2011) 870 final Rapporteur: Ms Anna Maria Darmanin (Workers - GR II / Malta) Co-rapporteur: Mr Ronny Lannoo (Various interests - GR III / Belgium) Plenary Session: 483 - 18 Sep 2012 - 19 Sep 2012 (Summary Plenary Session) OJ C 351, 15.11.2012, p. 45

Communication from the Commission to the European Parliament, the Council, the European Economic and Social Committee and the Committee of the Regions - An action plan to improve access to finance for SMEs

See EESC opinion in all languages under Related documents at the end of this page.

Key points:

Europe's economic recovery can only be achieved if SME policy is high on the agenda of European policy makers. The EESC therefore considers that:

  • Member States should also implement the action plan, develop guarantee funds and use Structural Funds for financial instruments.
  • The Basel III proposals must be properly implemented in Europe with the forthcoming CRD IV Directive.
  • The European venture capital market should be boosted.

The EESC supports the proposal to simplify and make more transparent the EU Debt Financial Instrument and EU Equity Financial Instrument under the forthcoming Multiannual Financial Framework Programme.

Earlier EESC opinions:

For more information please contact the INT Section Secretariat