Sittings · Document
Draft report (2025/2072(INI)) 2025-06-13
Access to finance for SMEs and scale-ups
Committee on Economic and Monetary Affairs
Amendment 1
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Citation 1
| Motion for a resolution | Amendment |
| – having regard to the Commission communication of 29 January 2025 entitled ‘A Competitiveness Compass for the EU’ (COM(2025)0030), | deleted |
Or. en
Amendment 2
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Citation 1 a (new)
| Motion for a resolution | Amendment |
| – having regard to the publication of 18 July 2024 by Commission President Ursula von der Leyen entitled ‘Europe’s choice: political guidelines for the next European Commission 2024-2029’, |
Or. en
Amendment 3
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Citation 1 b (new)
| Motion for a resolution | Amendment |
| – having regard to the report of 9 September 2024 by Mario Draghi entitled ‘The future of European competitiveness’ (Draghi report), |
Or. en
Amendment 4
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Citation 1 c (new)
| Motion for a resolution | Amendment |
| – having regard to the report of 17 April 2024 by Enrico Letta entitled ‘Much more than a market’ (Letta report), |
Or. en
Amendment 5
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Citation 1 d (new)
| Motion for a resolution | Amendment |
| – having regard to the report of 25 April 2024 by Christian Noyer entitled ‘Developing European capital markets to finance the future’, |
Or. en
Amendment 6
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Citation 1 e (new)
| Motion for a resolution | Amendment |
| – having regard to the statement of the Eurogroup in inclusive format on the future of Capital Markets Union (CMU) of 11 March 2024, |
Or. en
Amendment 7
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Citation 1 f (new)
| Motion for a resolution | Amendment |
| – having regard to the high-level roadmap of May 2024 in follow-up to the Eurogroup statement on the future of CMU in Eurogroup inclusive format, |
Or. en
Amendment 8
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Citation 1 g (new)
| Motion for a resolution | Amendment |
| – having regard to the European Council conclusions of 17 and 18 April 2024, |
Or. en
Amendment 9
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Citation 1 h (new)
| Motion for a resolution | Amendment |
| – having regard to the European Insurance and Occupational Pensions Authority statement of 25 April 2024 entitled ‘How European insurers and pension funds can contribute to further strengthen the Capital Markets Union’, |
Or. en
Amendment 10
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Citation 1 i (new)
| Motion for a resolution | Amendment |
| – having regard to the position paper of the European Securities and Markets Authority (ESMA) of May 2024 entitled ‘Building more effective and attractive capital markets in the EU’, |
Or. en
Amendment 11
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Citation 1 j (new)
| Motion for a resolution | Amendment |
| – having regard to the statement by the European Central Bank Governing Council of 7 March 2024 on advancing the Capital Markets Union, |
Or. en
Amendment 12
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Citation 1 k (new)
| Motion for a resolution | Amendment |
| – having regard to the Commission Communication of 29 January 2025 entitled ‘A Competitiveness Compass for the EU’ (COM(2025)0030), |
Or. en
Amendment 13
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Citation 1 l (new)
| Motion for a resolution | Amendment |
| – having regard to the European Central Bank report entitled ‘Survey on the Access to Finance of Enterprises in the euro area – First Quarter of 2025’, published in April 2025, |
Or. en
Amendment 14
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Citation 1 m (new)
| Motion for a resolution | Amendment |
| – having regard to the Commission Communication of 19 March 2025 entitled ‘Savings and Investments Union – A Strategy to Foster Citizens’ Wealth and Economic Competitiveness in the EU’ (COM(2025)0124), |
Or. en
Amendment 15
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Citation 1 n (new)
| Motion for a resolution | Amendment |
| – having regard to the Commission Communication of 28 May 2025 entitled ‘the EU Startup and Scaleup Strategy - Choose Europe to start and scale’ , (COM(2025)270), |
Or. en
Amendment 16
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Citation 1 o (new)
| Motion for a resolution | Amendment |
| – having regard to the Commission report entitled ‘Survey on the access to finance of enterprises (SAFE) – Analytical report 2024’, published in January 2025, |
Or. en
Amendment 17
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Citation 1 p (new)
| Motion for a resolution | Amendment |
| – having regard to the Commission report of 4 July 2024 entitled ‘Annual Report on European SMEs 2023/2024’, |
Or. en
Amendment 18
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Citation 1 q (new)
| Motion for a resolution | Amendment |
| – having regard to its resolution of 14 December 2023 on increasing innovation, industrial and technological competitiveness through a favourable environment for start-ups and scale-ups, |
Or. en
Amendment 19
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Citation 1 r (new)
| Motion for a resolution | Amendment |
| – having regard to the Commission Communication of 12 September 2023 entitled ‘SME Relief Package’ (COM(2023)0535), |
Or. en
Amendment 20
Damian Boeselager
Motion for a resolution
Citation 1 s (new)
| Motion for a resolution | Amendment |
| – having regard to its resolution of 8 October 2020 on further development of the CMU: improving access to capital market finance, in particular by SMEs, and further enabling retail investor participation 1a, | |
| _________________ | |
| 1a OJ C 395, 29.9.2021, p. 89. |
Or. en
Amendment 21
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Citation 1 t (new)
| Motion for a resolution | Amendment |
| – having regard to its resolution of 9 July 2015 on Building a Capital Markets Union, |
Or. en
Amendment 22
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Citation 1 u (new)
| Motion for a resolution | Amendment |
| – having regard to Rule 55 of its Rules of Procedure, |
Or. en
Amendment 23
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Citation 1 v (new)
| Motion for a resolution | Amendment |
| – having regard to the report of the Committee on Economic and Monetary Affairs (A10-0000/2025), |
Or. en
Amendment 24
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Citation 2
| Motion for a resolution | Amendment |
| – having regard to the Budapest Declaration adopted on 8 November 2024 at the informal meeting of heads of state or government, | deleted |
Or. en
Amendment 25
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Citation 3
| Motion for a resolution | Amendment |
| – having regard to the publication of 18 July 2024 by Commission President von der Leyen entitled ‘Europe’s choice: political guidelines for the next Commission 2024-2029’, | deleted |
Or. en
Amendment 26
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Citation 4
| Motion for a resolution | Amendment |
| – having regard to the European Central Bank report entitled ‘Survey on the Access to Finance of Enterprises in the euro area – First Quarter of 2025’, published in April 2025, | deleted |
Or. en
Amendment 27
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Citation 5
| Motion for a resolution | Amendment |
| – having regard to the Commission communication of 19 March 2025 entitled ‘Savings and Investments Union – A Strategy to Foster Citizens’ Wealth and Economic Competitiveness in the EU’ (COM(2025)0124), | deleted |
Or. en
Amendment 28
Herbert Dorfmann
Motion for a resolution
Citation 5 a (new)
| Motion for a resolution | Amendment |
| – having regard to the Commission Communication of 28 May 2025 entitled 'An EU Startup and Scaleup Strategy: Choose Europe to start and scale' (COM/2025/270) final, |
Or. en
Amendment 29
Herbert Dorfmann
Motion for a resolution
Citation 5 b (new)
| Motion for a resolution | Amendment |
| – having regard to the Commission Communication of 21 May 2025 entitled 'The Single Market: our European home market in an uncertain world - A Strategy for making the Single Market simple, seamless and strong' (COM/2025/500 (final)), |
Or. en
Amendment 30
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Citation 6
| Motion for a resolution | Amendment |
| – having regard to the Commission report entitled ‘Survey on the access to finance of enterprises (SAFE) – Analytical report 2024’, published in January 2025, | deleted |
Or. en
Amendment 31
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Citation 7
| Motion for a resolution | Amendment |
| – having regard to the report by Mario Draghi entitled ‘The future of European competitiveness’ (Draghi report), published in September 2024, | deleted |
Or. en
Amendment 32
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Citation 8
| Motion for a resolution | Amendment |
| – having regard to the Commission report of 4 July 2024 entitled ‘Annual Report on European SMEs 2023/2024’, | deleted |
Or. en
Amendment 33
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Citation 9
| Motion for a resolution | Amendment |
| – having regard to the report by Enrico Letta entitled ‘Much more than a market’ (Letta report), published in April 2024, | deleted |
Or. en
Amendment 34
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Citation 10
| Motion for a resolution | Amendment |
| – having regard to the conclusions of the Special European Council meeting of 17 and 18 April 2024, | deleted |
Or. en
Amendment 35
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Citation 11
| Motion for a resolution | Amendment |
| – having regard to its resolution of 14 December 2023 on increasing innovation, industrial and technological competitiveness through a favourable environment for start-ups and scale-ups1 , | deleted |
| _________________ | |
| 1 OJ C, C/2024/4182, 2.8.2024, ELI: http://data.europa.eu/eli/C/2024/4182/oj. |
Or. en
Amendment 36
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Citation 12
| Motion for a resolution | Amendment |
| – having regard to the Commission communication of 12 September 2023 entitled ‘SME Relief Package’ (COM(2023)0535), | deleted |
Or. en
Amendment 37
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Citation 13
| Motion for a resolution | Amendment |
| – having regard to Rule 55 of its Rules of Procedure, | deleted |
Or. en
Amendment 38
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Citation 14
| Motion for a resolution | Amendment |
| – having regard to the report of the Committee on Economic and Monetary Affairs (A10-0000/2025), | deleted |
Or. en
Amendment 39
Jonás Fernández, Tsvetelina Penkova
Motion for a resolution
Citation 14 a (new)
| Motion for a resolution | Amendment |
| – having regard to the report of the International Monetary Fund on the Regional Economic Outlook for Europe of October 2024, |
Or. en
Amendment 40
Markus Ferber
Motion for a resolution
Citation 14 a (new)
| Motion for a resolution | Amendment |
| – having regard to the Commisison's EU Startup and Scaleup Strategy that was published on 28 May 2025, |
Or. en
Amendment 41
Markus Ferber
Motion for a resolution
Citation 14 b (new)
| Motion for a resolution | Amendment |
| – having regard to the Commission communication of 21 May 2025 entitled 'The Single Market: our European home market in an uncertain world - A Strategy for making the Single Market simple, seamless and strong', |
Or. en
Amendment 42
Gaetano Pedulla'
Motion for a resolution
Recital A
| Motion for a resolution | Amendment |
| A. whereas micro, small and medium-sized enterprises (MSMEs) represent the backbone of European business, with SMEs accounting for 99.8 % of all enterprises, 65.2 % of employment and 53.1 % of the value added in the non-financial business sector in the EU in 20232 ; | deleted |
| _________________ | |
| 2 Katsinis, A., Lagüera-González, J., Di Bella, L., Odenthal, L., Hell, M., Lozar, B., ‘Annual Report on European SMEs 2023/2024’, Publications Office of the European Union, 2024. |
Or. en
Amendment 43
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Recital A
| Motion for a resolution | Amendment |
| A. whereas micro, small and medium-sized enterprises (MSMEs) represent the backbone of European business, with SMEs accounting for 99.8 % of all enterprises, 65.2 % of employment and 53.1 % of the value added in the non-financial business sector in the EU in 20232 ; | deleted |
| _________________ | |
| 2 Katsinis, A., Lagüera-González, J., Di Bella, L., Odenthal, L., Hell, M., Lozar, B., ‘Annual Report on European SMEs 2023/2024’, Publications Office of the European Union, 2024. |
Or. en
Amendment 44
Gaetano Pedulla'
Motion for a resolution
Recital A a (new)
| Motion for a resolution | Amendment |
| A a. whereas according to the definition currently used by the European Union, SMEs are over 23 million and represent over 99% of the businesses active in the territory and employ between 90 and 100 million people, playing a critical role in economic resilience, regional cohesion, and innovation; |
Or. en
Amendment 45
Isabel Benjumea Benjumea
Motion for a resolution
Recital A a (new)
| Motion for a resolution | Amendment |
| Aa. whereas, in order to fully unlock its potential for growth, innovation and job creation, it is necessary to promote a stable regulatory environment conducive to private investment and to improve access to finance by means of a single savings and investment union; |
Or. es
Amendment 46
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Recital A a (new)
| Motion for a resolution | Amendment |
| A a. whereas SMEs are the backbone of our economy, as they make up 99 % of all businesses in the EU, employ around 100 million people and account for more than half of Europe’s Gross Domestic Product; |
Or. en
Amendment 47
Marlena Maląg
on behalf of the ECR Group
Motion for a resolution
Recital A a (new)
| Motion for a resolution | Amendment |
| A a. whereas the EU as a whole - and especially its largest economies - currently experiencing a significant economic slowdown and problems for companies that are losing competitiveness to China and the US; |
Or. en
Amendment 48
Gaetano Pedulla'
Motion for a resolution
Recital B
| Motion for a resolution | Amendment |
| B. whereas European SMEs vary in scope, location, ownership, and innovation capacity, and hence face diverse challenges and financing needs; | deleted |
Or. en
Amendment 49
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Recital B
| Motion for a resolution | Amendment |
| B. whereas European SMEs vary in scope, location, ownership, and innovation capacity, and hence face diverse challenges and financing needs; | deleted |
Or. en
Amendment 50
Isabel Benjumea Benjumea
Motion for a resolution
Recital B
| Motion for a resolution | Amendment |
| B. whereas European SMEs vary in scope, location, ownership, and innovation capacity, and hence face diverse challenges and financing needs; | B. whereas European SMEs vary in scope, location, sector, ownership, financing needs and innovation capacity, and hence face diverse challenges and financing needs; |
Or. es
Amendment 51
Markus Ferber
Motion for a resolution
Recital B
| Motion for a resolution | Amendment |
| B. whereas European SMEs vary in scope, location, ownership, and innovation capacity, and hence face diverse challenges and financing needs; | B. whereas European SMEs vary in scope, location, business model, ownership, and innovation capacity, and hence face diverse challenges and financing needs; |
Or. en
Amendment 52
Gaetano Pedulla'
Motion for a resolution
Recital B a (new)
| Motion for a resolution | Amendment |
| B a. considering that the definition used by the European Union to define SMEs does not reflect the reality of the market, putting under the same definition family businesses and companies with 250 employees and an annual turnover not exceeding 50 million euros, or an annual balance sheet total not exceeding 43 million euros, causing a lack of protection for ‘real’ SMEs; |
Or. en
Amendment 53
Sirpa Pietikäinen
Motion for a resolution
Recital B a (new)
| Motion for a resolution | Amendment |
| B a. whereas innovative start-ups and scale-ups are often more agile to provide new solutions and technologies to tackle the imminent needs related to low-carbonisation and environmental action, thus offering a significant competitiveness and growth path for many new companies; |
Or. en
Amendment 54
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Recital B a (new)
| Motion for a resolution | Amendment |
| B a. whereas one important reason for the European Union’s lag behind its Chinese and American competitors has been the difficulty for its businesses to secure financing, particularly for small and medium-sized enterprises that require scaling up to grow; |
Or. en
Amendment 55
Herbert Dorfmann
Motion for a resolution
Recital B a (new)
| Motion for a resolution | Amendment |
| B a. whereas most European SMEs operate mainly at national level; whereas relatively few SMEs are involved in cross-border operations within the EU, while those which export outside the Union constitute a minority; |
Or. en
Amendment 56
Marlena Maląg
on behalf of the ECR Group
Motion for a resolution
Recital B a (new)
| Motion for a resolution | Amendment |
| B a. whereas SMEs in the eastern border regions are in a particularly difficult situation as a result of the Russian aggression against Ukraine and its economic consequences; |
Or. en
Amendment 57
Marlena Maląg
on behalf of the ECR Group
Motion for a resolution
Recital B b (new)
| Motion for a resolution | Amendment |
| B b. whereas the restrictions during the COVID-19 pandemic have hit SMEs particularly hard, and their consequences are still evident; |
Or. en
Amendment 58
Gaetano Pedulla'
Motion for a resolution
Recital C
| Motion for a resolution | Amendment |
| C. whereas the Draghi report indicates that regulatory obstacles and administrative burdens are among the greatest challenges faced by SMEs and recommends that SMEs be exempted from regulations on proportionality grounds; | deleted |
Or. en
Amendment 59
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Recital C
| Motion for a resolution | Amendment |
| C. whereas the Draghi report indicates that regulatory obstacles and administrative burdens are among the greatest challenges faced by SMEs and recommends that SMEs be exempted from regulations on proportionality grounds; | deleted |
Or. en
Amendment 60
Isabel Benjumea Benjumea
Motion for a resolution
Recital C
| Motion for a resolution | Amendment |
| C. whereas the Draghi report indicates that regulatory obstacles and administrative burdens are among the greatest challenges faced by SMEs and recommends that SMEs be exempted from regulations on proportionality grounds; | C. whereas the Draghi report indicates that regulatory obstacles and administrative burdens are among the greatest challenges faced by SMEs and recommends that the regulatory burden on SMEs should be reduced on proportionality grounds, always within a framework ensuring them certainty and stability; |
Or. es
Amendment 61
Sirpa Pietikäinen
Motion for a resolution
Recital C
| Motion for a resolution | Amendment |
| C. whereas the Draghi report indicates that regulatory obstacles and administrative burdens are among the greatest challenges faced by SMEs and recommends that SMEs be exempted from regulations on proportionality grounds; | C. whereas the Draghi report indicates that regulatory obstacles and administrative burdens are among the greatest challenges faced by SMEs; |
Or. en
Amendment 62
Marlena Maląg
on behalf of the ECR Group
Motion for a resolution
Recital C a (new)
| Motion for a resolution | Amendment |
| C a. whereas, according to the European Central Bank, around 80% of European companies' external financing comes from banks, compared to 20% from capital markets; whereas in the United States, only 30% of business lending comes from banks, while 70% is financed through capital markets such as corporate bonds or equity issuance; |
Or. en
Amendment 63
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Recital C a (new)
| Motion for a resolution | Amendment |
| C a. whereas the greater mobilisation of private finance requires different steps such as the acceleration of the CMU agenda, with a focus on improving access to venture capital and equity financing, particularly for innovative companies; |
Or. en
Amendment 64
Markus Ferber
Motion for a resolution
Recital C a (new)
| Motion for a resolution | Amendment |
| C a. whereas according to the Draghi report regulation is seen by more than 60% of EU companies as an obstacle to investment, with 55% of SMEs flagging regulatory obstacles and the administrative burden as their greatest challenge; |
Or. en
Amendment 65
Herbert Dorfmann
Motion for a resolution
Recital C a (new)
| Motion for a resolution | Amendment |
| C a. whereas start-ups and micro-enterprises in particular find it difficult to obtain appropriate funding and to identify and meet regulatory financial requirements especially at the development stage; |
Or. en
Amendment 66
Gaetano Pedulla'
Motion for a resolution
Recital C a (new)
| Motion for a resolution | Amendment |
| C a. considering that deregulation does not bring advantages to SMEs by allowing the largest and most aggressive companies on the market to suffocate smaller activities; |
Or. en
Amendment 67
Isabel Benjumea Benjumea
Motion for a resolution
Recital C a (new)
| Motion for a resolution | Amendment |
| Ca. whereas having a simpler, more predictable and competitive regulatory framework is a key element in getting SMEs to thrive in a market economy; |
Or. es
Amendment 68
Markus Ferber
Motion for a resolution
Recital C b (new)
| Motion for a resolution | Amendment |
| C b. whereas most SME financing in the EU is provided by banks; |
Or. en
Amendment 69
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Recital D
| Motion for a resolution | Amendment |
| D. whereas the Commission aims to improve access to finance for SMEs in order to increase scale, reduce inefficiencies and promote interoperability, and has set a target of at least a 35 % reduction in the reporting burdens for SMEs, and announced a new SME competitiveness check in impact assessments; | deleted |
Or. en
Amendment 70
Gaetano Pedulla'
Motion for a resolution
Recital D
| Motion for a resolution | Amendment |
| D. whereas the Commission aims to improve access to finance for SMEs in order to increase scale, reduce inefficiencies and promote interoperability, and has set a target of at least a 35 % reduction in the reporting burdens for SMEs, and announced a new SME competitiveness check in impact assessments; | deleted |
Or. en
Amendment 71
Isabel Benjumea Benjumea
Motion for a resolution
Recital D
| Motion for a resolution | Amendment |
| D. whereas the Commission aims to improve access to finance for SMEs in order to increase scale, reduce inefficiencies and promote interoperability, and has set a target of at least a 35 % reduction in the reporting burdens for SMEs, and announced a new SME competitiveness check in impact assessments; | D. whereas the Commission aims to improve access to finance, particularly private finance, for SMEs in order to increase scale, reduce inefficiencies, break the strong dependence on debt financing and promote interoperability, and has set a target of at least a 35 % reduction in the reporting burdens for SMEs, and announced a new SME competitiveness check in impact assessments; |
Or. es
Amendment 72
Dirk Gotink
Motion for a resolution
Recital D a (new)
| Motion for a resolution | Amendment |
| D a. whereas a well-developed venture capital ecosystem, which is still lacking in the EU, can nurture innovative start-ups and provide the financing for SMEs and scale-ups to grow and become competitive; |
Or. en
Amendment 73
Marlena Maląg
on behalf of the ECR Group
Motion for a resolution
Recital D a (new)
| Motion for a resolution | Amendment |
| D a. whereas the reporting burdens that currently need to be reduced to protect SMEs were introduced as part of the European Green Deal and the discredited EU green leadership concept; |
Or. en
Amendment 74
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Recital D a (new)
| Motion for a resolution | Amendment |
| D a. whereas the current investment landscape in the EU is fragmented, with significant disparities in access to private finance, particularly for innovative and high-growth companies; |
Or. en
Amendment 75
Gaetano Pedulla'
Motion for a resolution
Recital D a (new)
| Motion for a resolution | Amendment |
| D a. whereas aggressive tax planning strategies by multinational corporations exploiting different national tax regimes create unfair competition disadvantaging European SMEs; |
Or. en
Amendment 76
Jorge Martín Frías, Enikő Győri, Tomáš Kubín, Pierre Pimpie
Motion for a resolution
Recital D a (new)
| Motion for a resolution | Amendment |
| Da. whereas the European Commission has published an EU Startup and Scale-up Strategy. |
Or. es
Amendment 77
Dirk Gotink
Motion for a resolution
Recital D b (new)
| Motion for a resolution | Amendment |
| D b. whereas innovative scale-ups and SMEs are essential for the EU to become competitive in strategic sectors, including digital technologies, clean tech and defence capabilities; |
Or. en
Amendment 78
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Recital E
| Motion for a resolution | Amendment |
| E. whereas Europe lacks a more dynamic and favourable environment for innovative companies to scale-up, which leads to close to 30 % of ‘unicorns’ relocating abroad3 ; | deleted |
| _________________ | |
| 3 Draghi, Mario, ‘The Future of European Competitiveness – A Competitiveness Strategy for Europe’, 2024. |
Or. en
Amendment 79
Gaetano Pedulla'
Motion for a resolution
Recital E
| Motion for a resolution | Amendment |
| E. whereas Europe lacks a more dynamic and favourable environment for innovative companies to scale-up, which leads to close to 30 % of ‘unicorns’ relocating abroad3 ; | deleted |
| _________________ | |
| 3 Draghi, Mario, ‘The Future of European Competitiveness – A Competitiveness Strategy for Europe’, 2024. |
Or. en
Amendment 80
Isabel Benjumea Benjumea
Motion for a resolution
Recital E
| Motion for a resolution | Amendment |
| E. whereas Europe lacks a more dynamic and favourable environment for innovative companies to scale-up, which leads to close to 30 % of ‘unicorns’ relocating abroad3; | E. whereas Europe lacks a more dynamic and favourable environment for innovative companies to scale-up, which, according to the Draghi report, led to the creation of 147 unicorns in Europe between 2008 and 2021, of which 40 moved their head offices to third countries, mainly to the USA; whereas bureaucracy in Europe is estimated to cost some EUR 150 billion (1.3% of annual GDP), and the IMF estimates that the fragmentation of the internal market is equivalent to a 100% tariff; |
| _________________ | |
| 3 Draghi, Mario, ‘The Future of European Competitiveness – A Competitiveness Strategy for Europe’, 2024. |
Or. es
Amendment 81
Tsvetelina Penkova, Jonás Fernández
Motion for a resolution
Recital E a (new)
| Motion for a resolution | Amendment |
| E a. whereas start-ups and scale-ups are characterised by limited personnel resources and a comparatively limited ability to comply with complex regulatory regimes or funding procedures; whereas their business needs and specific challenges are often different in nature from those of established small and medium-sized enterprises (SMEs) |
Or. en
Amendment 82
Fernando Navarrete Rojas
Motion for a resolution
Recital E a (new)
| Motion for a resolution | Amendment |
| Ea. whereas the Draghi report points to a structural deficit in the spread of technology and in intermediate innovation in the European economy, which particularly affects SMEs and limits their ability to scale up; whereas that report stresses that the bulk of investment in ensuring competitiveness should come from the private sector; |
Or. es
Amendment 83
Isabel Benjumea Benjumea
Motion for a resolution
Recital E a (new)
| Motion for a resolution | Amendment |
| Ea. whereas the report notes that no company in the Union with a market capitalisation of more than EUR 100 billion has been set up from scratch in the last 50 years, while in the same period, six companies valued at over USD 1 trillion have been started in the USA; |
Or. es
Amendment 84
Michalis Hadjipantela
Motion for a resolution
Recital E a (new)
| Motion for a resolution | Amendment |
| E a. whereas the EIB Group includes the EIB and the European Investment Fund (EIF); whereas the EIB is the largest multilateral financial institution in the world and plays a critical role in financing projects that promote economic growth and innovation across the Union; |
Or. en
Amendment 85
Gaetano Pedulla'
Motion for a resolution
Recital E a (new)
| Motion for a resolution | Amendment |
| E a. Considering that SMEs are disproportionately vulnerable to external shocks, such as financial crises, geopolitical instability, or the green and digital transitions, yet are essential actors in driving inclusive and sustainable growth; |
Or. en
Amendment 86
Jonás Fernández, Tsvetelina Penkova
Motion for a resolution
Recital E a (new)
| Motion for a resolution | Amendment |
| E a. whereas, according to the IMF's Regional Economic Outlook for Europe of October 2024, 'shadow tariffs' in the EU internal market are estimated to amount to around 45% for trade in goods and 110% for trade in services; |
Or. en
Amendment 87
Herbert Dorfmann
Motion for a resolution
Recital E a (new)
| Motion for a resolution | Amendment |
| E a. whereas the Commission plans to propose a 28th regime, which will simplify applicable rules and reduce the cost of failure, including any relevant aspects of corporate law, insolvency, labour and tax law; |
Or. en
Amendment 88
Danuše Nerudová
Motion for a resolution
Recital E a (new)
| Motion for a resolution | Amendment |
| E a. whereas the EU still lacks a fully integrated and efficient capital markets union, which hampers the ability of SMEs and scale-ups to access diverse sources of private financing across borders; |
Or. en
Amendment 89
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Recital E a (new)
| Motion for a resolution | Amendment |
| E a. whereas the two main funding gaps for European cleantech are raising early and late-stage equity and late-stage debt or credit to scale-up; |
Or. en
Amendment 90
Isabel Benjumea Benjumea
Motion for a resolution
Recital E b (new)
| Motion for a resolution | Amendment |
| Eb. whereas the market-driven economy is essential for fostering innovation, growth and investment, and the importance of respecting this principle is fundamental for Europe’s economic competitiveness; whereas, in a market-driven economy, private capital plays a central role in driving innovation, entrepreneurship, and the creation of new jobs, which is particularly crucial for the development of the venture capital sector; whereas, despite Europe's solid savings base, private investment, particularly in the venture capital sector, continues to lag significantly behind that of the United States; whereas policies that enable a free and competitive market environment are essential for closing this gap and ensuring that Europe can fully leverage its economic potential, attracting both domestic and international investments; |
Or. es
Amendment 91
Tsvetelina Penkova, Jonás Fernández
Motion for a resolution
Recital E b (new)
| Motion for a resolution | Amendment |
| E b. whereas the Commission has various initiatives in place aimed at promoting entrepreneurship, innovation and digital transformation in the EU, such as the start-up and scale-up strategy, the eco-innovation scoreboard, Knowledge and Innovation Communities (KICs), the European cluster collaboration platform, the Digital Decade and the digital single market strategy, as well as funding programmes dedicated to innovation in other policy areas |
Or. en
Amendment 92
Danuše Nerudová
Motion for a resolution
Recital E b (new)
| Motion for a resolution | Amendment |
| E b. whereas the absence of a unified capital market not only limits access to finance but also weakens the EU's capacity to retain high-growth companies and risks increased capital outflows to third countries; |
Or. en
Amendment 93
Gaetano Pedulla'
Motion for a resolution
Recital E b (new)
| Motion for a resolution | Amendment |
| E b. considering that access to finance remains one of the most significant obstacles to SME development, especially for scale-up, green transition, and digital transformation; |
Or. en
Amendment 94
Herbert Dorfmann
Motion for a resolution
Recital E b (new)
| Motion for a resolution | Amendment |
| E b. whereas institutional investors such as insurance companies make an important contribution to SME financing through the passing and transformation of risks; |
Or. en
Amendment 95
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Recital E b (new)
| Motion for a resolution | Amendment |
| E b. whereas a well-capitalised banking sector will continue to play an important role in financing businesses, especially SMEs; |
Or. en
Amendment 96
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Recital E c (new)
| Motion for a resolution | Amendment |
| E c. whereas a weakening of State aid and competition rules in the Union increases barriers to market entry for start-ups and scale-ups and thus hinders the competitive allocation of capital based on merit; |
Or. en
Amendment 97
Tsvetelina Penkova, Jonás Fernández
Motion for a resolution
Recital E c (new)
| Motion for a resolution | Amendment |
| E c. whereas there are noticeable historical disparities between the investment culture in Europe and in other regions of the world, notably for venture capital and angel investment; |
Or. en
Amendment 98
Tsvetelina Penkova, Jonás Fernández
Motion for a resolution
Recital E d (new)
| Motion for a resolution | Amendment |
| E d. whereas there is a need for further investment and advancements in digital infrastructure to keep pace with evolving technologies and to enable the EU's start-ups, scale-ups and SMEs to remain at the forefront of innovation and competitive on the global stage; |
Or. en
Amendment 99
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Recital E d (new)
| Motion for a resolution | Amendment |
| E d. whereas micro-enterprises represent an appreciable share of European SMEs and very often have difficulties in accessing finance and in gaining a complete knowledge of available opportunities at European and at national level; |
Or. en
Amendment 100
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Recital E e (new)
| Motion for a resolution | Amendment |
| E e. whereas the gender gap still persists in entrepreneurship and access to finance for micro, small and medium-sized enterprises led by women; |
Or. en
Amendment 101
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Recital E f (new)
| Motion for a resolution | Amendment |
| E f. whereas the Draghi report assesses the combined additional investment needs in Europe at EUR 750-800 billion per year by 2030, of which a substantial amount is needed for the green and digital transition; |
Or. en
Amendment 102
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Recital E g (new)
| Motion for a resolution | Amendment |
| E g. whereas the lack of a successful start-up, scale-up, small mid-cap and therefore also venture capital (VC) market is mainly due to the missing harmonisation of common market rules preventing growth companies to scale across Europe; |
Or. en
Amendment 103
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Recital E h (new)
| Motion for a resolution | Amendment |
| E h. whereas national reporting and bureaucratic burdens have hampered innovative companies to access finance nationally but also from across European borders quickly and efficiently; |
Or. en
Amendment 104
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Recital E i (new)
| Motion for a resolution | Amendment |
| E i. whereas these national burdens and differing national rules likely led to a underwhelming number of companies able to scale resulting in a lack of IPOs, capital and above all expertise generated in the EU resulting in an underdeveloped VC ecosystem; |
Or. en
Amendment 105
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Recital E j (new)
| Motion for a resolution | Amendment |
| E j. whereas SMEs or mid-caps pursuing a societal or social purpose or work to the profit of those often do not receive funding, increasing the criteria for such companies to receiving funding should be included in the goals; |
Or. en
Amendment 106
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Subheading 1
| Motion for a resolution | Amendment |
| General considerations | deleted |
Or. en
Amendment 107
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Subheading 1 a (new)
| Motion for a resolution | Amendment |
| General considerations |
Or. en
Amendment 108
Gaetano Pedulla'
Motion for a resolution
Paragraph 1
| Motion for a resolution | Amendment |
| 1. Considers that creating favourable market conditions for European companies to innovate, start up, create, grow and scale up in Europe is essential to unlock our market’s full potential and help our economies become more competitive; | deleted |
Or. en
Amendment 109
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 1
| Motion for a resolution | Amendment |
| 1. Considers that creating favourable market conditions for European companies to innovate, start up, create, grow and scale up in Europe is essential to unlock our market’s full potential and help our economies become more competitive; | deleted |
Or. en
Amendment 110
Lídia Pereira
Motion for a resolution
Paragraph 1
| Motion for a resolution | Amendment |
| 1. Considers that creating favourable market conditions for European companies to innovate, start up, create, grow and scale up in Europe is essential to unlock our market’s full potential and help our economies become more competitive; | 1. Considers that creating favourable market conditions for European companies to innovate, start up, create, grow and scale up in Europe is essential to unlock our internal market’s full potential, to fulfil the Digital Single Market and help our economies become more productive, thus more competitive; |
Or. en
Amendment 111
Danuše Nerudová
Motion for a resolution
Paragraph 1
| Motion for a resolution | Amendment |
| 1. Considers that creating favourable market conditions for European companies to innovate, start up, create, grow and scale up in Europe is essential to unlock our market’s full potential and help our economies become more competitive; | 1. Considers that creating favourable market conditions for European companies to innovate, start up, create, grow and scale up in Europe is essential to unlock our market’s full potential and help our economies become more competitive; and regrets that a significant share of European SMEs and scale-ups are unable to harness the full potential of the single market due to persistent regulatory fragmentation, limited cross-border access to finance, and insufficient capital market integration; |
Or. en
Amendment 112
Gilles Boyer, Billy Kelleher, Stéphanie Yon-Courtin, Pascal Canfin
Motion for a resolution
Paragraph 1
| Motion for a resolution | Amendment |
| 1. Considers that creating favourable market conditions for European companies to innovate, start up, create, grow and scale up in Europe is essential to unlock our market’s full potential and help our economies become more competitive; | 1. Considers that creating favourable market conditions for European companies to innovate, start up, create, grow and scale up in Europe is essential to unlock our market’s full potential and help our economies become more competitive; underlines the important role that completing Banking Union will also contribute to increasing Europe’s competitiveness and financing of SMEs; |
Or. en
Amendment 113
Isabel Benjumea Benjumea
Motion for a resolution
Paragraph 1
| Motion for a resolution | Amendment |
| 1. Considers that creating favourable market conditions for European companies to innovate, start up, create, grow and scale up in Europe is essential to unlock our market’s full potential and help our economies become more competitive; | 1. Considers that creating favourable market conditions for European companies to innovate, start up, create, grow and scale up in Europe is essential to unlock our market’s full potential and help our economies become more competitive, while these companies can meet their needs in our market; |
Or. es
Amendment 114
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 1 a (new)
| Motion for a resolution | Amendment |
| 1 a. Emphasises that, due to their size, the overwhelming majority of SMEs will continue to rely on bank lending as their sole source of finance; supports, however, measures to diversify funding sources for start-ups and those SMEs that can access equity financing due to their relatively large size or high growth prospects; underlines that innovative SMEs are key to achieving EU competitiveness and strategic autonomy, insists on the need for proper, diversified financing to support SMEs, mid-caps as well as start-ups and scale-ups to innovate and compete at a global level; |
Or. en
Amendment 115
Markus Ferber
Motion for a resolution
Paragraph 1 a (new)
| Motion for a resolution | Amendment |
| 1 a. Acknowledges that SMEs differ widely across Member States in terms of business models, size, location, socioeconomic context, development stage, financial structure, legal form and levels of entrepreneurial training; notes that this diversity requires a spectrum of funding options rather than a single financing model; calls on the Commission to support the creation of tailored programmes, instruments and initiatives to assist businesses in different stages of development; |
Or. en
Amendment 116
Anouk Van Brug, Billy Kelleher, Stéphanie Yon-Courtin, Gilles Boyer
Motion for a resolution
Paragraph 1 a (new)
| Motion for a resolution | Amendment |
| 1 a. Strongly regrets that persistent barriers to the free flow of capital in the EU continue to hamper access to finance for SMEs, raise the cost of capital, and hold back innovation and economic growth; underlines that deepening and completing the Savings and Investment Union is essential to removing these barriers and establishing a truly integrated European capital market that fosters job creation, long-term prosperity and economic resilience; |
Or. en
Amendment 117
Gaetano Pedulla'
Motion for a resolution
Paragraph 1 a (new)
| Motion for a resolution | Amendment |
| 1 a. Considers that the European Commission has made available several programs to help SMEs access the financial market, such as the EU Guarantee Fund, the InvestEU plan and the European Investment Funds; |
Or. en
Amendment 118
Marlena Maląg
on behalf of the ECR Group
Motion for a resolution
Paragraph 1 a (new)
| Motion for a resolution | Amendment |
| 1 a. Highlights the key role that SMEs play in the EU economy, accounting for 99.8% of all enterprises and 65.2% of employment; |
Or. en
Amendment 119
Markus Ferber
Motion for a resolution
Paragraph 1 b (new)
| Motion for a resolution | Amendment |
| 1 b. Recognises that SMEs face uneven financing conditions and requirements across Member States and regions, particularly concerning the availability and cost of funding; highlights that these differences stem from factors specific to each SME and the economic environment of the country or region, including economic volatility, slow growth and greater financial fragility. |
Or. en
Amendment 120
Marlena Maląg
on behalf of the ECR Group
Motion for a resolution
Paragraph 1 b (new)
| Motion for a resolution | Amendment |
| 1 b. Notes that SMEs have been hit particularly hard by the crises of recent years, especially the COVID pandemic, the energy crisis and the economic consequences of Russia’s aggression against Ukraine; |
Or. en
Amendment 121
Marlena Maląg
on behalf of the ECR Group
Motion for a resolution
Paragraph 1 c (new)
| Motion for a resolution | Amendment |
| 1 c. Deplores the excessive and economically pointless burdens that SMEs have experienced, both directly and indirectly, as a result of implementing the EU's green agenda, and in particular the Green Deal; |
Or. en
Amendment 122
Gaetano Pedulla'
Motion for a resolution
Paragraph 2
| Motion for a resolution | Amendment |
| 2. Welcomes the fact that, following the Draghi and Letta reports, the need for a more competitive and less bureaucratic single market has been recognised; | deleted |
Or. en
Amendment 123
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 2
| Motion for a resolution | Amendment |
| 2. Welcomes the fact that, following the Draghi and Letta reports, the need for a more competitive and less bureaucratic single market has been recognised; | deleted |
Or. en
Amendment 124
Anouk Van Brug, Billy Kelleher, Stéphanie Yon-Courtin, Gilles Boyer
Motion for a resolution
Paragraph 2
| Motion for a resolution | Amendment |
| 2. Welcomes the fact that, following the Draghi and Letta reports, the need for a more competitive and less bureaucratic single market has been recognised; | 2. Welcomes the fact that the Draghi and Letta reports recognise the need for a more competitive and less bureaucratic single market; urges the Commission to act decisively and in the short term put forward legislative proposals to implement at least a significant subset of the recommendations made by these reports; |
Or. en
Amendment 125
Lídia Pereira
Motion for a resolution
Paragraph 2
| Motion for a resolution | Amendment |
| 2. Welcomes the fact that, following the Draghi and Letta reports, the need for a more competitive and less bureaucratic single market has been recognised; | 2. Welcomes the fact that, following the Draghi and Letta reports, the need for a more competitive and less bureaucratic single market has been recognised as a political priority and a EU paramount objective for this legislature, requiring immediate and decisive action on both regulatory and political dimensions; |
Or. en
Amendment 126
Isabel Benjumea Benjumea
Motion for a resolution
Paragraph 2
| Motion for a resolution | Amendment |
| 2. Welcomes the fact that, following the Draghi and Letta reports, the need for a more competitive and less bureaucratic single market has been recognised; | 2. Welcomes the fact that, following the Draghi and Letta reports, the need for a more competitive and less bureaucratic single market has been recognised, thus especially underscoring the need to attract private investment; |
Or. es
Amendment 127
Sirpa Pietikäinen
Motion for a resolution
Paragraph 2
| Motion for a resolution | Amendment |
| 2. Welcomes the fact that, following the Draghi and Letta reports, the need for a more competitive and less bureaucratic single market has been recognised; | 2. Welcomes the fact that, following the Draghi and Letta reports, the need for a more competitive and sustainable single market has been recognised; |
Or. en
Amendment 128
Tsvetelina Penkova, Jonás Fernández
Motion for a resolution
Paragraph 2
| Motion for a resolution | Amendment |
| 2. Welcomes the fact that, following the Draghi and Letta reports, the need for a more competitive and less bureaucratic single market has been recognised; | 2. Welcomes the fact that, following the Draghi and Letta reports, the need for a more integrated single market has been recognised |
Or. en
Amendment 129
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 2 a (new)
| Motion for a resolution | Amendment |
| 2 a. Highlights that the robustness of the financial sector is a key element of its competitiveness; stresses in this regard that the post-financial crisis reforms should be maintained and completed; underlines that only a full implementation of the Basel standards would ensure that EU banks are financially sound; recalls that the Capital requirements regulation includes a SME supporting factor to incentivise banks’ lending to SMEs; notes that a higher proportion of insurers’ assets portfolio is composed of corporate bonds and equities in 2024 than in 2017; underlines that this demonstrates that Solvency 2, a robust prudential framework, has not hampered but rather fostered insurers’ investments into the real economy; considers that the finalisation of the Solvency 2 Review must preserve the prudential soundness of the framework; |
Or. en
Amendment 130
Gaetano Pedulla'
Motion for a resolution
Paragraph 2 a (new)
| Motion for a resolution | Amendment |
| 2 a. Recognises the difficulty, especially for smaller businesses, in finding their way among the funds and programmes made available by the European Union; highlights that female-led, migrant-led, and minority-owned SMEs face additional structural discrimination and underfunding, contributing to persistent economic inequality; calls on the Commission to address this discrimination with appropriate support programs and funding solutions; |
Or. en
Amendment 131
Sirpa Pietikäinen
Motion for a resolution
Paragraph 2 a (new)
| Motion for a resolution | Amendment |
| 2 a. Highlights that companies’ access to funding will be increasingly connected to being able to disclose their social and environmental impact in order to answer to the needs from larger investors and financial markets, therefore urges the Commission to develop a simplified and fully digitalised reporting framework to support SMEs and scale-ups on their growth path; |
Or. en
Amendment 132
Tsvetelina Penkova, Jonás Fernández
Motion for a resolution
Paragraph 2 a (new)
| Motion for a resolution | Amendment |
| 2 a. Welcomes the Commission European start-up and scale-up strategy; believes that it will promote innovation and address the challenges faced by individual innovators, founders, start-ups and scale- ups in the EU; |
Or. en
Amendment 133
Jonás Fernández, Tsvetelina Penkova
Motion for a resolution
Paragraph 2 a (new)
| Motion for a resolution | Amendment |
| 2 a. Stresses that the consolidation of the single market requires identifying and removing internal barriers that hinder its full integration and undermine European competitiveness; |
Or. en
Amendment 134
Gaetano Pedulla'
Motion for a resolution
Paragraph 3
| Motion for a resolution | Amendment |
| 3. Stresses that the EU should strive to make the business environment easier for European entrepreneurs and to create a scale-up ecosystem that relies primarily on private investments; | deleted |
Or. en
Amendment 135
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 3
| Motion for a resolution | Amendment |
| 3. Stresses that the EU should strive to make the business environment easier for European entrepreneurs and to create a scale-up ecosystem that relies primarily on private investments; | deleted |
Or. en
Amendment 136
Fernando Navarrete Rojas
Motion for a resolution
Paragraph 3
| Motion for a resolution | Amendment |
| 3. Stresses that the EU should strive to make the business environment easier for European entrepreneurs and to create a scale-up ecosystem that relies primarily on private investments; | 3. Stresses that the EU should strive to facilitate an attractive business environment for mobilising both European and international capital and investment; emphasises the need to foster a scale-up ecosystem that relies primarily on private investments and public-private partnerships that enable capital to be leveraged and facilitate access to finance for businesses; |
Or. es
Amendment 137
Isabel Benjumea Benjumea
Motion for a resolution
Paragraph 3
| Motion for a resolution | Amendment |
| 3. Stresses that the EU should strive to make the business environment easier for European entrepreneurs and to create a scale-up ecosystem that relies primarily on private investments; | 3. Stresses that the EU should strive to make the business environment easier for European entrepreneurs and business-owners by removing unnecessary obstacles, ensuring a predictable regulatory environment and creating a scale-up ecosystem based chiefly on private investment that fosters innovation, competition and economic growth; |
Or. es
Amendment 138
Tsvetelina Penkova
Motion for a resolution
Paragraph 3
| Motion for a resolution | Amendment |
| 3. Stresses that the EU should strive to make the business environment easier for European entrepreneurs and to create a scale-up ecosystem that relies primarily on private investments; | 3. Stresses that the EU should strive to make the business environment easier for European entrepreneurs and to create a scale-up ecosystem that relies on both private and public investments; |
Or. en
Amendment 139
Markus Ferber
Motion for a resolution
Paragraph 3
| Motion for a resolution | Amendment |
| 3. Stresses that the EU should strive to make the business environment easier for European entrepreneurs and to create a scale-up ecosystem that relies primarily on private investments; | 3. Stresses that the EU should strive to make the business environment easier for European entrepreneurs and to create a scale-up ecosystem that relies primarily on private investments; takes note of the Commission's EU Startup and Scaleup Strategy; |
Or. en
Amendment 140
Jorge Martín Frías, Enikő Győri, Tomáš Kubín, Pierre Pimpie
Motion for a resolution
Paragraph 3 a (new)
| Motion for a resolution | Amendment |
| 3a. Stresses that, although the diagnosis contained in the strategy for start-ups and scale-ups published by the Commission is largely correct, the measures proposed should be more ambitious. emphasis should be placed on repealing all EU regulations imposing unnecessary bureaucratic obstacles that hinder the creation and expansion of businesses. |
Or. es
Amendment 141
Isabel Benjumea Benjumea
Motion for a resolution
Paragraph 3 a (new)
| Motion for a resolution | Amendment |
| 3a. Recognises the central role played by the private sector in the growth and prosperity of the European Union; points out that a competitive economy such as Europe's depends on a dynamic business fabric and an environment conducive to private investment, entrepreneurship and value creation; |
Or. es
Amendment 142
Tsvetelina Penkova, Jonás Fernández
Motion for a resolution
Paragraph 3 a (new)
| Motion for a resolution | Amendment |
| 3 a. Is convinced that dedicated definitions of start-ups and scale-ups will increase the opportunities for support through measures that are tailored to the specific needs and features of start-ups and scale-ups by boosting their access to European capital markets and private investors; |
Or. en
Amendment 143
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 3 a (new)
| Motion for a resolution | Amendment |
| 3 a. Recalls that productivity gains could mainly be achieved through investments into innovative activities; recognises that building a sustainable economy constitutes an important competitive advantage of the EU economy and the cornerstone of EU economic sovereignty; |
Or. en
Amendment 144
Herbert Dorfmann
Motion for a resolution
Paragraph 3 a (new)
| Motion for a resolution | Amendment |
| 3 a. Acknowledges that bank lending is traditionally the most important financing source for SMEs in the Union, as bank funding accounts for more than three quarters of SME financing1a, making SMEs particularly vulnerable to a tightening of bank lending; | |
| _________________ | |
| 1a OECD (2024), Financing SMEs and Entrepreneurs 2024: An OECD Scoreboard, OECD Publishing, Paris, https://doi.org/10.1787/fa521246-en |
Or. en
Amendment 145
Gaetano Pedulla'
Motion for a resolution
Paragraph 3 a (new)
| Motion for a resolution | Amendment |
| 3 a. Claims that the growing concentration in the banking sector and a focus on risk-based lending frameworks further exacerbate the financial exclusion of SMEs, especially in peripheral or underserved regions of the EU; |
Or. en
Amendment 146
Herbert Dorfmann
Motion for a resolution
Paragraph 3 b (new)
| Motion for a resolution | Amendment |
| 3 b. Underlines the important and well-developed role of banks with specific regional and local knowledge in providing funding to SMEs owing to their long-term relationship with these companies; |
Or. en
Amendment 147
Herbert Dorfmann
Motion for a resolution
Paragraph 3 c (new)
| Motion for a resolution | Amendment |
| 3 c. Considers it is essential to promote the role and visibility of both women and young people within the SME sector, where their participation remains disproportionately low; targeted policy actions should support entrepreneurship and financial inclusion for these groups through tailored financial instruments, capacity-building programmes, dedicated mentoring networks, and incentives for venture capital and financial intermediaries to back women-led and youth-led businesses; |
Or. en
Amendment 148
Gaetano Pedulla'
Motion for a resolution
Paragraph 4
| Motion for a resolution | Amendment |
| 4. Draws attention to the particular challenges faced by European scale-ups in obtaining late-stage growth financing; notes that many high-potential EU firms remain dependent on foreign venture capital and investors, with a large share of later funding rounds led by non-European investors; | deleted |
Or. en
Amendment 149
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 4
| Motion for a resolution | Amendment |
| 4. Draws attention to the particular challenges faced by European scale-ups in obtaining late-stage growth financing; notes that many high-potential EU firms remain dependent on foreign venture capital and investors, with a large share of later funding rounds led by non-European investors; | deleted |
Or. en
Amendment 150
Fernando Navarrete Rojas
Motion for a resolution
Paragraph 4
| Motion for a resolution | Amendment |
| 4. Draws attention to the particular challenges faced by European scale-ups in obtaining late-stage growth financing; notes that many high-potential EU firms remain dependent on foreign venture capital and investors, with a large share of later funding rounds led by non-European investors; | 4. Draws attention to the particular challenges faced by European scale-ups in obtaining late-stage growth financing; notes that many high-potential EU firms resort to venture capital from outside the EU, which highlights the need to create more attractive conditions for investment within it; stresses that access to funding should be provided according to criteria of economic efficiency, profitability and scalability, regardless of the source of capital, and recalls that open and global competition for investment benefits businesses and innovation; |
Or. es
Amendment 151
Tsvetelina Penkova, Jonás Fernández
Motion for a resolution
Paragraph 4
| Motion for a resolution | Amendment |
| 4. Draws attention to the particular challenges faced by European scale-ups in obtaining late-stage growth financing; notes that many high-potential EU firms remain dependent on foreign venture capital and investors, with a large share of later funding rounds led by non-European investors; | 4. Draws attention to the particular challenges faced by European scale-ups in obtaining late-stage growth financing; notes that many high-potential EU firms remain dependent on foreign venture capital and investors, with a large share of later funding rounds led by non-European investors; welcomes the recent adoption of the EU Listing Act that will make it easier for companies of all sizes, including SMEs, to list on European stock exchanges; |
Or. en
Amendment 152
Isabel Benjumea Benjumea
Motion for a resolution
Paragraph 4
| Motion for a resolution | Amendment |
| 4. Draws attention to the particular challenges faced by European scale-ups in obtaining late-stage growth financing; notes that many high-potential EU firms remain dependent on foreign venture capital and investors, with a large share of later funding rounds led by non-European investors; | 4. Draws attention to the particular challenges faced by European scale-ups in obtaining late-stage growth financing; notes that many high-potential EU firms remain dependent on foreign venture capital and investors, and that a large proportion of European firms cannot find funding within our borders and have to seek it in other jurisdictions; |
Or. es
Amendment 153
Arba Kokalari
Motion for a resolution
Paragraph 4
| Motion for a resolution | Amendment |
| 4. Draws attention to the particular challenges faced by European scale-ups in obtaining late-stage growth financing; notes that many high-potential EU firms remain dependent on foreign venture capital and investors, with a large share of later funding rounds led by non-European investors; | 4. Draws attention to the particular challenges faced by European scale-ups in obtaining late-stage growth financing; recognises the importance of foreign venture capital as a critical driver of Europe’s growth, with 40% of funds in private markets originating outside the EU |
Or. en
Amendment 154
Herbert Dorfmann
Motion for a resolution
Paragraph 4 a (new)
| Motion for a resolution | Amendment |
| 4 a. Highlights the critical role of guarantee instruments in enhancing access to finance for SMEs; emphasizes that these instruments can significantly mitigate the risks associated with lending to smaller enterprises by providing credit enhancements and risk-sharing mechanisms; notes that guarantee instruments can attract a broader range of lenders, including those who may be hesitant due to the perceived risks, and finance a broader range of SMEs; calls on the Commission to promote the wider use of guarantee instruments across Member States and to amplify the use of guarantees in the next programming period, following the success of InvestEU; |
Or. en
Amendment 155
Marlena Maląg
on behalf of the ECR Group
Motion for a resolution
Paragraph 4 a (new)
| Motion for a resolution | Amendment |
| 4 a. Points out that around 80% of European companies' external financing comes from banks, compared to 20% from capital markets, while in the United States only 30% of business lending comes from banks, while 70% is financed through capital markets such as corporate bond or equity issuance; |
Or. en
Amendment 156
Gaetano Pedulla'
Motion for a resolution
Paragraph 4 a (new)
| Motion for a resolution | Amendment |
| 4 a. Stresses that simplification should never mean deregulation; calls on the Commission and Member States to ensure that benefits offered by the European Union target companies that actually have the right and need them; |
Or. en
Amendment 157
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 4 a (new)
| Motion for a resolution | Amendment |
| 4 a. Strongly believes that developing a robust and credible sustainable finance framework is pivotal in channelling investments in line with EU long-term objectives and attracting international investors; |
Or. en
Amendment 158
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 5
| Motion for a resolution | Amendment |
| 5. Considers that facilitating access to finance for SMEs and scale-ups will depend on (i) the significant reduction in bureaucratic and regulatory burdens, (ii) the enhanced capacity to unlock private investment and savings, (iii) bridging the funding gap for scale-ups, and (iv) reinforcing a competitive capital markets ecosystem within the EU; | deleted |
Or. en
Amendment 159
Gaetano Pedulla'
Motion for a resolution
Paragraph 5
| Motion for a resolution | Amendment |
| 5. Considers that facilitating access to finance for SMEs and scale-ups will depend on (i) the significant reduction in bureaucratic and regulatory burdens, (ii) the enhanced capacity to unlock private investment and savings, (iii) bridging the funding gap for scale-ups, and (iv) reinforcing a competitive capital markets ecosystem within the EU; | deleted |
Or. en
Amendment 160
Arba Kokalari
Motion for a resolution
Paragraph 5
| Motion for a resolution | Amendment |
| 5. Considers that facilitating access to finance for SMEs and scale-ups will depend on (i) the significant reduction in bureaucratic and regulatory burdens, (ii) the enhanced capacity to unlock private investment and savings, (iii) bridging the funding gap for scale-ups, and (iv) reinforcing a competitive capital markets ecosystem within the EU; | 5. Considers that facilitating access to finance for SMEs and scale-ups will depend on (i) the significant reduction in bureaucratic and regulatory burdens, including lengthy permitting procedures, costly reporting requirements, and the complexity and unpredictability of the regulatory environment (ii) the enhanced capacity to unlock private investment and savings through the realisation of a Savings and Investments Union, (iii) bridging the funding gap for scale-ups, particularly through by enabling institutional investors to be long-term equity investors and (iv) reinforcing a competitive capital markets ecosystem within the EU; |
Or. en
Amendment 161
Tsvetelina Penkova, Jonás Fernández
Motion for a resolution
Paragraph 5
| Motion for a resolution | Amendment |
| 5. Considers that facilitating access to finance for SMEs and scale-ups will depend on (i) the significant reduction in bureaucratic and regulatory burdens, (ii) the enhanced capacity to unlock private investment and savings, (iii) bridging the funding gap for scale-ups, and (iv) reinforcing a competitive capital markets ecosystem within the EU; | 5. Considers that facilitating access to finance for SMEs and scale-ups will depend on (i) the reduction in bureaucratic and regulatory burdens (ii) the enhanced capacity to unlock private and public investment and savings, (iii) bridging the funding gap for scale-ups, and (iv) reinforcing a competitive and more integrated capital markets ecosystem that is well-regulated and based on sound investor protections within the EU |
Or. en
Amendment 162
Markus Ferber
Motion for a resolution
Paragraph 5
| Motion for a resolution | Amendment |
| 5. Considers that facilitating access to finance for SMEs and scale-ups will depend on (i) the significant reduction in bureaucratic and regulatory burdens, (ii) the enhanced capacity to unlock private investment and savings, (iii) bridging the funding gap for scale-ups, and (iv) reinforcing a competitive capital markets ecosystem within the EU; | 5. Considers that facilitating access to finance for SMEs and scale-ups will depend on (i) the significant and persistent reduction in bureaucratic and regulatory burdens, (ii) the enhanced capacity to unlock private investment and savings, (iii) bridging the funding gap for scale-ups, and (iv) reinforcing a competitive capital markets ecosystem within the EU; |
Or. en
Amendment 163
Sirpa Pietikäinen
Motion for a resolution
Paragraph 5
| Motion for a resolution | Amendment |
| 5. Considers that facilitating access to finance for SMEs and scale-ups will depend on (i) the significant reduction in bureaucratic and regulatory burdens, (ii) the enhanced capacity to unlock private investment and savings, (iii) bridging the funding gap for scale-ups, and (iv) reinforcing a competitive capital markets ecosystem within the EU; | 5. Considers that facilitating access to finance for SMEs and scale-ups will depend on (i) the enhanced capacity to unlock private investment and savings, (ii) bridging the funding gap for scale-ups, and (iii) reinforcing a competitive capital markets ecosystem within the EU; |
Or. en
Amendment 164
Anouk Van Brug, Billy Kelleher, Stéphanie Yon-Courtin, Gilles Boyer
Motion for a resolution
Paragraph 5
| Motion for a resolution | Amendment |
| 5. Considers that facilitating access to finance for SMEs and scale-ups will depend on (i) the significant reduction in bureaucratic and regulatory burdens, (ii) the enhanced capacity to unlock private investment and savings, (iii) bridging the funding gap for scale-ups, and (iv) reinforcing a competitive capital markets ecosystem within the EU; | 5. Considers that facilitating access to finance for SMEs and scale-ups will depend on (i) the significant reduction in bureaucratic and regulatory burdens, (ii) the enhanced capacity to unlock private investment and savings, (iii) bridging the funding gap for scale-ups, and (iv) ) completion of the Savings and Investment Union; |
Or. en
Amendment 165
Fernando Navarrete Rojas
Motion for a resolution
Paragraph 5 a (new)
| Motion for a resolution | Amendment |
| 5a. Stresses that funding for SMEs should come from places offering the most favourable conditions for their growth and scalability, regardless of the geographical origin of capital; considers any political approach that prioritises financial nationalism or a preference for ‘European’ capital over criteria of economic efficiency, profitability and risk profile to be counterproductive; |
Or. es
Amendment 166
Gaetano Pedulla'
Motion for a resolution
Paragraph 5 a (new)
| Motion for a resolution | Amendment |
| 5 a. Underlines the importance of the EIB's intervention in terms of supporting SMEs and start-ups, especially in particular strategic sectors; underlines that these loans are fundamental for the development of our economy, especially in economically depressed and marginalized areas, and must not be diverted to military or dual-use technologies; |
Or. en
Amendment 167
Danuše Nerudová
Motion for a resolution
Paragraph 5 a (new)
| Motion for a resolution | Amendment |
| 5 a. Calls on the Commission and the EIB Group to ensure that the SME window of InvestEU is sufficiently resourced and maintains the capacity to support innovative, early-stage and higher-risk projects, in order to avoid excluding companies with strong growth potential; |
Or. en
Amendment 168
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 5 a (new)
| Motion for a resolution | Amendment |
| 5 a. Acknowledges that the climate crisis requires the net-zero transition of millions of SMEs in the EU; calls on the Commission and the Member States to increase their efforts to make sustainable finance a better fit for SMEs; |
Or. en
Amendment 169
Danuše Nerudová
Motion for a resolution
Paragraph 5 b (new)
| Motion for a resolution | Amendment |
| 5 b. Calls for all new EU legislation to be systematically assessed for its potential impact on SMEs, particularly in terms of administrative burdens, and for these assessments to inform legislative design in a way that avoids disproportionate impacts; |
Or. en
Amendment 170
Sirpa Pietikäinen
Motion for a resolution
Subheading 2
| Motion for a resolution | Amendment |
| Reducing bureaucratic and regulatory burdens | deleted |
Or. en
Amendment 171
Gaetano Pedulla'
Motion for a resolution
Subheading 2
| Motion for a resolution | Amendment |
| Reducing bureaucratic and regulatory burdens | deleted |
Or. en
Amendment 172
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Subheading 2
| Motion for a resolution | Amendment |
| Reducing bureaucratic and regulatory burdens | deleted |
Or. en
Amendment 173
Tsvetelina Penkova, Jonás Fernández
Motion for a resolution
Subheading 2 a (new)
| Motion for a resolution | Amendment |
| Stresses that simplification efforts should not result in the removal of essential regulations and provisions that support SMEs, as these are crucial for helping them enhance their competitiveness and reduce inefficiencies |
Or. en
Amendment 174
Gaetano Pedulla'
Motion for a resolution
Subheading 2 a (new)
| Motion for a resolution | Amendment |
| SMEs and new technologies |
Or. en
Amendment 175
Gaetano Pedulla'
Motion for a resolution
Paragraph 6
| Motion for a resolution | Amendment |
| 6. Recalls that many promising European start-ups and scale-ups are relocating to non-EU countries because of a burdensome, slow and unpredictable European regulatory landscape; underlines that, unless this trend is reversed through substantial simplification, Europe will continue to lose companies at their most strategic growth stage; | deleted |
Or. en
Amendment 176
Sirpa Pietikäinen
Motion for a resolution
Paragraph 6
| Motion for a resolution | Amendment |
| 6. Recalls that many promising European start-ups and scale-ups are relocating to non-EU countries because of a burdensome, slow and unpredictable European regulatory landscape; underlines that, unless this trend is reversed through substantial simplification, Europe will continue to lose companies at their most strategic growth stage; | deleted |
Or. en
Amendment 177
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 6
| Motion for a resolution | Amendment |
| 6. Recalls that many promising European start-ups and scale-ups are relocating to non-EU countries because of a burdensome, slow and unpredictable European regulatory landscape; underlines that, unless this trend is reversed through substantial simplification, Europe will continue to lose companies at their most strategic growth stage; | deleted |
Or. en
Amendment 178
Arba Kokalari
Motion for a resolution
Paragraph 6
| Motion for a resolution | Amendment |
| 6. Recalls that many promising European start-ups and scale-ups are relocating to non-EU countries because of a burdensome, slow and unpredictable European regulatory landscape; underlines that, unless this trend is reversed through substantial simplification, Europe will continue to lose companies at their most strategic growth stage; | 6. Recalls that many promising European start-ups and scale-ups relocate to non-EU countries because of a burdensome EU regulatory framework and the lack of deep and unified capital markets; underlines that, unless this trend is reversed through substantial simplification and the realisation of the Savings and Investments Union, Europe will continue to lose companies at their most strategic growth stage; |
Or. en
Amendment 179
Dirk Gotink
Motion for a resolution
Paragraph 6
| Motion for a resolution | Amendment |
| 6. Recalls that many promising European start-ups and scale-ups are relocating to non-EU countries because of a burdensome, slow and unpredictable European regulatory landscape; underlines that, unless this trend is reversed through substantial simplification, Europe will continue to lose companies at their most strategic growth stage; | 6. Recalls that many promising European start-ups and scale-ups are relocating to non-EU countries because of a burdensome, slow and unpredictable European regulatory landscape; underlines that, unless this trend is reversed through substantial simplification, Europe will continue to lose companies at their most strategic growth stage; stresses that this loss of innovative and fast-growing companies leads to less job creation and slower economic growth in the EU; |
Or. en
Amendment 180
Danuše Nerudová
Motion for a resolution
Paragraph 6
| Motion for a resolution | Amendment |
| 6. Recalls that many promising European start-ups and scale-ups are relocating to non-EU countries because of a burdensome, slow and unpredictable European regulatory landscape; underlines that, unless this trend is reversed through substantial simplification, Europe will continue to lose companies at their most strategic growth stage; | 6. Recalls that many promising European start-ups and scale-ups are increasingly seeking to relocate or expand to non-EU countries primarily due to a regulatory environment that is perceived as burdensome, fragmented, and unpredictable; stresses that without meaningful and timely simplification efforts, the EU risks losing high-growth companies at their most critical stage of development, along with the associated innovation, jobs and investment; |
Or. en
Amendment 181
Tsvetelina Penkova, Jonás Fernández
Motion for a resolution
Paragraph 6
| Motion for a resolution | Amendment |
| 6. Recalls that many promising European start-ups and scale-ups are relocating to non-EU countries because of a burdensome, slow and unpredictable European regulatory landscape; underlines that, unless this trend is reversed through substantial simplification, Europe will continue to lose companies at their most strategic growth stage; | 6. Recalls that many promising European start-ups and scale-ups are relocating to non-EU countries due to insufficiently integrated and underdeveloped capital markets in the European Union; calls for the Commission to continue making progress on the development of an EU Capital Markets Union that enhances access to finance for companies and offers more attractive investment opportunities for citizens and investors |
Or. en
Amendment 182
Anouk Van Brug, Billy Kelleher, Stéphanie Yon-Courtin, Gilles Boyer
Motion for a resolution
Paragraph 6
| Motion for a resolution | Amendment |
| 6. Recalls that many promising European start-ups and scale-ups are relocating to non-EU countries because of a burdensome, slow and unpredictable European regulatory landscape; underlines that, unless this trend is reversed through substantial simplification, Europe will continue to lose companies at their most strategic growth stage; | 6. Recalls that many promising European start-ups and scale-ups are relocating to non-EU countries because of severe administrative burdens; underlines that, unless this issue is addressed through substantial simplification, Europe will continue to lose companies at their most strategic growth stage; |
Or. en
Amendment 183
Isabel Benjumea Benjumea
Motion for a resolution
Paragraph 6
| Motion for a resolution | Amendment |
| 6. Recalls that many promising European start-ups and scale-ups are relocating to non-EU countries because of a burdensome, slow and unpredictable European regulatory landscape; underlines that, unless this trend is reversed through substantial simplification, Europe will continue to lose companies at their most strategic growth stage; | 6. Recalls that many promising European start-ups and scale-ups are relocating to third countries because of the heavy regulatory burden, which in some cases creates uncertainty and conditions detrimental to the proliferation of companies; recalls that the last parliamentary term saw a heavy legislative agenda, which must be implemented this term; |
Or. es
Amendment 184
Marco Falcone
Motion for a resolution
Paragraph 6 a (new)
| Motion for a resolution | Amendment |
| 6a. Calls on the Commission and the Member States to step up efforts to remove barriers and obstacles which fragment the single market and constrain the capacity of SMEs and scale-ups to consolidate and grow in their own territories; stresses, in particular, the urgent need to address disproportionate administrative burdens, uneven tax regimes among Member States, adverse environmental charges, the excessive time to obtain authorisations and licences, and difficulties in accessing funding; points out that these challenges undermine the competitiveness and growth capacity of European SMEs, particularly in the more sensitive phases of their development; |
Or. it
Amendment 185
Tsvetelina Penkova
Motion for a resolution
Paragraph 6 a (new)
| Motion for a resolution | Amendment |
| 6 a. Urges the Commission to develop and adopt a ‘start-up test’, along the same lines as the SME test that it adopted in 2021, in order to better assess the impact of legislation focusing on innovation, financing and competitiveness; takes notes of the Commission President’s proposal to establish a competitiveness check for new EU legislation to be carried out by an independent board; considers that this competitiveness check should have a special framework as regards start-ups, scale-ups and SMEs to ensure that regulation incentivises starting new businesses in Europe; |
Or. en
Amendment 186
Fernando Navarrete Rojas
Motion for a resolution
Paragraph 6 a (new)
| Motion for a resolution | Amendment |
| 6a. Notes that the growth of business is curtailed not only by a lack of funding in later stages, but also by the accumulation of regulatory barriers that make it hard for them to scale up; highlights in particular the administrative burden related to reporting obligations, as well as tax and regulatory thresholds that discourage business growth by imposing more burdensome administrative procedures after certain volumes or billing levels have been exceeded; |
Or. es
Amendment 187
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 6 a (new)
| Motion for a resolution | Amendment |
| 6 a. Expects the Commission to take utmost care of the interests of start-ups and scale-ups in competitive market access when evaluating exemptions from State aid rules, merger-control rules and loosening of competition policy provisions; calls for a competitiveness agenda centred on innovators, with a focus on reducing market entry costs, fostering cross-border mobility for founders and talent, and supporting companies’ digital and green transitions; |
Or. en
Amendment 188
Gaetano Pedulla'
Motion for a resolution
Paragraph 6 a (new)
| Motion for a resolution | Amendment |
| 6 a. Stresses the importance of SMEs' accessibility to new artificial intelligence technologies; calls for the development of a public digital infrastructure and platforms that would also facilitate access to know-how and public, democratic control in the digital sector; |
Or. en
Amendment 189
Dirk Gotink
Motion for a resolution
Paragraph 6 a (new)
| Motion for a resolution | Amendment |
| 6 a. Calls on the Commission to address the economic, financial, regulatory and legal fragmentation in the EU, to remove barriers to SMEs and scale-ups to grow; stresses that a true single market will help to disincentivize scale-ups from relocating to non-EU countries; |
Or. en
Amendment 190
Marlena Maląg
on behalf of the ECR Group
Motion for a resolution
Paragraph 6 a (new)
| Motion for a resolution | Amendment |
| 6 a. Recalls that excessive reporting burdens for SMEs were introduced under the European Green Deal and that their mitigation should go hand in hand with a review of the entire EU Green Agenda; |
Or. en
Amendment 191
Tsvetelina Penkova, Jonás Fernández
Motion for a resolution
Paragraph 6 b (new)
| Motion for a resolution | Amendment |
| 6 b. Welcomes the Commission’s target of reducing the burdens associated with reporting requirements by 25 % without undermining policy objectives; believes that the Commission should take into account the specific and structural constraints of start-ups and scale-ups in this regard in order to decrease cost pressure and promote competitiveness; calls for a balanced approach on EU legislation regarding fostering growth, entrepreneurship and the twin transitions; calls for the consistent application of the ‘think small first’ principle in internal deliberations and across relevant legislative proposals and policy initiatives |
Or. en
Amendment 192
Tsvetelina Penkova, Jonás Fernández
Motion for a resolution
Paragraph 6 c (new)
| Motion for a resolution | Amendment |
| 6 c. Calls for the establishment of start-up-friendly regulations and frameworks that facilitate the growth, scalability and cross-border operations of start-ups and scale-ups, while ensuring consumer protection, data privacy and fair competition; underlines the importance of limiting compliance costs for start-ups and scale-ups; calls on the Commission to expand support for SMEs, start-ups and scale-ups in navigating regulatory complexity. |
Or. en
Amendment 193
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 7
| Motion for a resolution | Amendment |
| 7. Calls for further simplification efforts that go beyond the Commission’s omnibus simplification package published on 26 February 2025; | deleted |
Or. en
Amendment 194
Gaetano Pedulla'
Motion for a resolution
Paragraph 7
| Motion for a resolution | Amendment |
| 7. Calls for further simplification efforts that go beyond the Commission’s omnibus simplification package published on 26 February 2025; | deleted |
Or. en
Amendment 195
Sirpa Pietikäinen
Motion for a resolution
Paragraph 7
| Motion for a resolution | Amendment |
| 7. Calls for further simplification efforts that go beyond the Commission’s omnibus simplification package published on 26 February 2025; | deleted |
Or. en
Amendment 196
Fernando Navarrete Rojas
Motion for a resolution
Paragraph 7
| Motion for a resolution | Amendment |
| 7. Calls for further simplification efforts that go beyond the Commission’s omnibus simplification package published on 26 February 2025; | 7. Calls for further simplification efforts that go beyond the Commission’s omnibus simplification package published on 26 February 2025; the Commission is urged in particular to put forward a new legislative package on sustainability, presented as a non-binding set of requirements, thus offering companies the option to voluntarily sign up to a sustainability label system that demonstrates their compliance with the EU's environmental and human rights standards; |
Or. es
Amendment 197
Markus Ferber
Motion for a resolution
Paragraph 7
| Motion for a resolution | Amendment |
| 7. Calls for further simplification efforts that go beyond the Commission’s omnibus simplification package published on 26 February 2025; | 7. Calls for further simplification efforts that go beyond the Commission’s omnibus simplification package published on 26 February 2025; calls for systematically screening the acquis communitaire for measures that hamper SMEs' access to finance and tackling the identified obstacles; |
Or. en
Amendment 198
Lídia Pereira
Motion for a resolution
Paragraph 7
| Motion for a resolution | Amendment |
| 7. Calls for further simplification efforts that go beyond the Commission’s omnibus simplification package published on 26 February 2025; | 7. Calls for further simplification efforts that go beyond the Commission’s omnibus simplification packages that have been published recently; recalls the Commission´s commitment to reduce bureaucracy in an horizontal approach, across all areas; |
Or. en
Amendment 199
Jonás Fernández, Tsvetelina Penkova
Motion for a resolution
Paragraph 7
| Motion for a resolution | Amendment |
| 7. Calls for further simplification efforts that go beyond the Commission’s omnibus simplification package published on 26 February 2025; | 7. Calls for further simplification efforts that go beyond the Commission’s omnibus simplification package published on 26 February 2025; stresses that simplification must not lead to deregulation; |
Or. en
Amendment 200
Anouk Van Brug, Billy Kelleher, Stéphanie Yon-Courtin, Gilles Boyer
Motion for a resolution
Paragraph 7
| Motion for a resolution | Amendment |
| 7. Calls for further simplification efforts that go beyond the Commission’s omnibus simplification package published on 26 February 2025; | 7. Expresses support for the ongoing simplification efforts; encourages the Commission to put forward subsequent proposals that go beyond the Commission’s omnibus simplification packages published; |
Or. en
Amendment 201
Isabel Benjumea Benjumea
Motion for a resolution
Paragraph 7
| Motion for a resolution | Amendment |
| 7. Calls for further simplification efforts that go beyond the Commission’s omnibus simplification package published on 26 February 2025; | 7. Welcomes the simplification efforts contained in the Commission’s omnibus package published on 26 February 2025; recalls that the Commission has announced that it will adopt further omnibus packages; |
Or. es
Amendment 202
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 7 a (new)
| Motion for a resolution | Amendment |
| 7 a. Expects the Commission to encourage growing start-ups and companies to scale up and list within the EU; highlights the risk of losing technological advantage and innovation developed EU companies to non-EU markets and welcomes therefore the focus on finance in the EU Start-Up and Scale-Up Strategy aimed at preventing their relocation to non-EU countries; |
Or. en
Amendment 203
Herbert Dorfmann
Motion for a resolution
Paragraph 7 a (new)
| Motion for a resolution | Amendment |
| 7 a. Following the adoption by the Commission of the Second Omnibus Package, emphasises the need for streamlined processes in the implementation of the InvestEU programme to ensure that SMEs – including the smallest ones – can more easily access financial support they need to grow and innovate; |
Or. en
Amendment 204
Gaetano Pedulla'
Motion for a resolution
Paragraph 7 a (new)
| Motion for a resolution | Amendment |
| 7 a. Supports the expansion of state-led innovation ecosystems and regional clusters that can lower barriers to entry for technologically lagging SMEs; |
Or. en
Amendment 205
Sirpa Pietikäinen
Motion for a resolution
Paragraph 8
| Motion for a resolution | Amendment |
| 8. Urges the Commission to assess existing regulatory obligations that are burdening companies, such as the sustainable finance framework, and to develop proportionality thresholds to exempt SMEs from excessive obligations; welcomes the proposed new SME competitiveness check; | deleted |
Or. en
Amendment 206
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 8
| Motion for a resolution | Amendment |
| 8. Urges the Commission to assess existing regulatory obligations that are burdening companies, such as the sustainable finance framework, and to develop proportionality thresholds to exempt SMEs from excessive obligations; welcomes the proposed new SME competitiveness check; | deleted |
Or. en
Amendment 207
Gaetano Pedulla'
Motion for a resolution
Paragraph 8
| Motion for a resolution | Amendment |
| 8. Urges the Commission to assess existing regulatory obligations that are burdening companies, such as the sustainable finance framework, and to develop proportionality thresholds to exempt SMEs from excessive obligations; welcomes the proposed new SME competitiveness check; | deleted |
Or. en
Amendment 208
Tsvetelina Penkova, Jonás Fernández
Motion for a resolution
Paragraph 8
| Motion for a resolution | Amendment |
| 8. Urges the Commission to assess existing regulatory obligations that are burdening companies, such as the sustainable finance framework, and to develop proportionality thresholds to exempt SMEs from excessive obligations; welcomes the proposed new SME competitiveness check; | 8. Urges the Commission to assess existing regulatory obligations that are burdening companies, such as the sustainable finance framework, and to develop proportionality thresholds to relief SMEs and startups from excessive obligations; welcomes the proposed new SME competitiveness check; Upholds that the availability of sustainability information is of critical importance in the process of credit allocation to SMEs; recalls in this light that credit institutions rely inter alia on the information required under Article 449a in the Credit Requirements Regulation (CRR) for assessing the sustainability risks of a company in making their credit decisions; deems it therefore of key importance that reporting obligations for SMEs match with the information investors require in their decisions to allocate credit; deeply regrets that the ‘Omnibus I’ proposal by the European Commission largely carves out SMEs and instead forces investors to rely on haphazard voluntary disclosures representing a blatant inconsistency with other information requirements for financial market participants, undermining the Sustainable Finance Framework as well as access to finance for SMEs |
Or. en
Amendment 209
Danuše Nerudová
Motion for a resolution
Paragraph 8
| Motion for a resolution | Amendment |
| 8. Urges the Commission to assess existing regulatory obligations that are burdening companies, such as the sustainable finance framework, and to develop proportionality thresholds to exempt SMEs from excessive obligations; welcomes the proposed new SME competitiveness check; | 8. Urges the Commission to assess existing regulatory obligations that are burdening companies, such as the sustainable finance framework, and to develop proportionality thresholds to exempt SMEs from excessive obligations; welcomes the proposed new SME competitiveness check; further calls for timely progress on simplified and voluntary sustainability reporting standards tailored to SMEs, and for a review of Pillar 3 banking disclosure requirements that may indirectly impose disproportionate data demands on SME clients; |
Or. en
Amendment 210
Markus Ferber
Motion for a resolution
Paragraph 8
| Motion for a resolution | Amendment |
| 8. Urges the Commission to assess existing regulatory obligations that are burdening companies, such as the sustainable finance framework, and to develop proportionality thresholds to exempt SMEs from excessive obligations; welcomes the proposed new SME competitiveness check; | 8. Urges the Commission to systematically assess existing regulatory obligations that are burdening companies, such as the sustainable finance framework, and to develop proportionality thresholds to exempt SMEs from excessive obligations; welcomes the proposed new SME competitiveness check; |
Or. en
Amendment 211
Georgios Aftias
Motion for a resolution
Paragraph 8 – subparagraph 1 (new)
| Motion for a resolution | Amendment |
| 8a. Calls for the establishment of a protected, seizure-exempt business bank account for SMEs, tied to a proportion of their turnover, in order to ensure operational liquidity and prevent systemic disruption of daily business activities due to financial enforcement actions. |
Or. en
Amendment 212
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 8 a (new)
| Motion for a resolution | Amendment |
| 8 a. Regrets the fact that many EU-based entrepreneurs feel the need to relocate to gain easier access to finance and resources; deplores that they turn to venture capital providers outside the EU and scale up in foreign markets; Concurs with the Draghi and Letta reports that the EU should further develop its venture capital markets; Highlights however that public support to venture capital markets should be targeted exclusively to projects aligned with the Green Deal objectives and having positive social impact; |
Or. en
Amendment 213
Danuše Nerudová
Motion for a resolution
Paragraph 8 a (new)
| Motion for a resolution | Amendment |
| 8 a. Emphasises the importance of ensuring that regulatory frameworks and EU-funded instruments are proportionate to the size and administrative capacity of SMEs, and appropriately adapted rather than replicated from requirements for larger companies; Urges the Commission to publish implementation guidelines at least two years before new obligations take effect and to ensure their availability in all official EU languages, in order to give SMEs sufficient time to prepare and adapt. |
Or. en
Amendment 214
Markus Ferber
Motion for a resolution
Paragraph 8 a (new)
| Motion for a resolution | Amendment |
| 8 a. Welcomes the Commission's objective to reduce reporting obligations for SMEs by at least 35%; highlights that such an objective has to be measurable and results have to be trackable; calls on the Commission to set a clear timeline and define key performance indicators as well as a methodology on how to track them; |
Or. en
Amendment 215
Markus Ferber
Motion for a resolution
Paragraph 8 b (new)
| Motion for a resolution | Amendment |
| 8 b. Notes that regulation should not create too high hurdles when moving from e.g. one size-category to another, or between listed and non-listed companies; is thus of the opinion that a staged approach with gradually increasing regulatory requirements is preferrable; |
Or. en
Amendment 216
Markus Ferber
Motion for a resolution
Paragraph 8 c (new)
| Motion for a resolution | Amendment |
| 8 c. Highlights that the EU's sustainable finance framework is a poor fit for European SMEs as it often comes with high administrative and reporting burdens as well as high implementation and compliance costs; calls on the European Commission to review and revise the EU's sustainable finance framework to make it less bureaucratic, less costly and more SME-friendly; |
Or. en
Amendment 217
Isabel Benjumea Benjumea
Motion for a resolution
Paragraph 9
| Motion for a resolution | Amendment |
| 9. Stresses that the ‘one-in, one-out’ approach is not enough, and calls on the Commission to propose an ambitious simplification strategy; | deleted |
Or. es
Amendment 218
Gaetano Pedulla'
Motion for a resolution
Paragraph 9
| Motion for a resolution | Amendment |
| 9. Stresses that the ‘one-in, one-out’ approach is not enough, and calls on the Commission to propose an ambitious simplification strategy; | deleted |
Or. en
Amendment 219
Jonás Fernández, Tsvetelina Penkova
Motion for a resolution
Paragraph 9
| Motion for a resolution | Amendment |
| 9. Stresses that the ‘one-in, one-out’ approach is not enough, and calls on the Commission to propose an ambitious simplification strategy; | deleted |
Or. en
Amendment 220
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 9
| Motion for a resolution | Amendment |
| 9. Stresses that the ‘one-in, one-out’ approach is not enough, and calls on the Commission to propose an ambitious simplification strategy; | deleted |
Or. en
Amendment 221
Sirpa Pietikäinen
Motion for a resolution
Paragraph 9
| Motion for a resolution | Amendment |
| 9. Stresses that the ‘one-in, one-out’ approach is not enough, and calls on the Commission to propose an ambitious simplification strategy; | deleted |
Or. en
Amendment 222
Lídia Pereira
Motion for a resolution
Paragraph 9
| Motion for a resolution | Amendment |
| 9. Stresses that the ‘one-in, one-out’ approach is not enough, and calls on the Commission to propose an ambitious simplification strategy; | 9. Stresses that the ‘one-in, one-out’ approach is not enough, and calls on the Commission to propose an ambitious simplification strategy that safeguards the political objectives of the EU, while reducing regulatory and administrative burden for companies, namely SMEs; underlines the need to guarantee systematic legal and regulatory coherence within the EU legal framework, providing for legal certainty, security and predictability; |
Or. en
Amendment 223
Markus Ferber
Motion for a resolution
Paragraph 9
| Motion for a resolution | Amendment |
| 9. Stresses that the ‘one-in, one-out’ approach is not enough, and calls on the Commission to propose an ambitious simplification strategy; | 9. Stresses that the ‘one-in, one-out’ approach is not enough, and calls on the Commission to propose a more ambitious simplification strategy that goes beyond looking merely at Directives and Regulations, but also takes into consideration level 2 and level 3 legislation as well as the qualitative impact of measures such as the ‘one-in, one-out’ approach; |
Or. en
Amendment 224
Gilles Boyer, Billy Kelleher, Stéphanie Yon-Courtin, Pascal Canfin
Motion for a resolution
Paragraph 9
| Motion for a resolution | Amendment |
| 9. Stresses that the ‘one-in, one-out’ approach is not enough, and calls on the Commission to propose an ambitious simplification strategy; | 9. Calls on the Commission to propose an ambitious simplification strategy in areas where simplification will bring concrete results without weakening the aim of the legislation; |
Or. en
Amendment 225
Anouk Van Brug, Billy Kelleher
Motion for a resolution
Paragraph 9
| Motion for a resolution | Amendment |
| 9. Stresses that the ‘one-in, one-out’ approach is not enough, and calls on the Commission to propose an ambitious simplification strategy; | 9. Stresses that the ‘one-in, one-out’ approach is not sufficiently implemented in practice, and calls on the Commission to propose an ambitious simplification strategy in this regard; |
Or. en
Amendment 226
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 9 a (new)
| Motion for a resolution | Amendment |
| 9 a. Reminds the catalytic role that targeted public support, in the form of grants, equity loans or loan guarantees, plays in bridging the funding gap for infrastructure and manufacturing capacity for start-ups and scale-ups, particularly in cases where private investments are insufficient or unavailable; |
Or. en
Amendment 227
Marlena Maląg
on behalf of the ECR Group
Motion for a resolution
Paragraph 9 a (new)
| Motion for a resolution | Amendment |
| 9 a. Points out that regulations introduced for the purpose of simplification are often complex in themselves, and therefore consideration should be given to completely withdrawing many existing regulations that increase administrative burdens, especially green reporting obligations; |
Or. en
Amendment 228
Danuše Nerudová
Motion for a resolution
Paragraph 9 a (new)
| Motion for a resolution | Amendment |
| 9 a. Reiterates that compliance-related requirements should remain proportionate for SMEs Encourages the development of standardised, cost-free templates and clear, proportionate disclosure obligations that reflect the capacities of smaller businesses. |
Or. en
Amendment 229
Anouk Van Brug, Stéphanie Yon-Courtin, Gilles Boyer
Motion for a resolution
Paragraph 9 a (new)
| Motion for a resolution | Amendment |
| 9 a. Calls on the Commission to explore the benefits of enhanced central supervision on EU financial markets to reduce frictions that still discourage cross-border investment and assess the feasibility of a single rulebook for market participants; |
Or. en
Amendment 230
Herbert Dorfmann
Motion for a resolution
Paragraph 9 a (new)
| Motion for a resolution | Amendment |
| 9 a. Calls on the Commission to set up a centralised digital portal to help SMEs identify EU funding opportunities; this portal should be language-accessible, AI-enabled, and mobile-friendly; |
Or. en
Amendment 231
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Subheading 3
| Motion for a resolution | Amendment |
| Unlocking private capital and savings | deleted |
Or. en
Amendment 232
Gaetano Pedulla'
Motion for a resolution
Subheading 3
| Motion for a resolution | Amendment |
| Unlocking private capital and savings | deleted |
Or. en
Amendment 233
Gaetano Pedulla'
Motion for a resolution
Subheading 3 a (new)
| Motion for a resolution | Amendment |
| Support for European SMEs |
Or. en
Amendment 234
Gaetano Pedulla'
Motion for a resolution
Paragraph 10
| Motion for a resolution | Amendment |
| 10. Notes that the Commission aims to implement a savings and investment union, which must include not only action at EU level, but also the development of tools, solutions and best practices that respect and support Member States’ actions at national level; | deleted |
Or. en
Amendment 235
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 10
| Motion for a resolution | Amendment |
| 10. Notes that the Commission aims to implement a savings and investment union, which must include not only action at EU level, but also the development of tools, solutions and best practices that respect and support Member States’ actions at national level; | deleted |
Or. en
Amendment 236
Markus Ferber
Motion for a resolution
Paragraph 10
| Motion for a resolution | Amendment |
| 10. Notes that the Commission aims to implement a savings and investment union, which must include not only action at EU level, but also the development of tools, solutions and best practices that respect and support Member States’ actions at national level; | 10. Notes that the Commission aims to implement a savings and investment union, which must include not only action at EU level, but also the development of tools, solutions and best practices that respect and support Member States’ actions at national level; highlights that the Savings and Investment Union will only be a success in improving the financing situation for SMEs, if there is genuine buy-in by EU Member States; |
Or. en
Amendment 237
Fernando Navarrete Rojas
Motion for a resolution
Paragraph 10
| Motion for a resolution | Amendment |
| 10. Notes that the Commission aims to implement a savings and investment union, which must include not only action at EU level, but also the development of tools, solutions and best practices that respect and support Member States’ actions at national level; | 10. Notes that the Commission aims to implement a savings and investment union, which must include not only action at EU level, but also the development of tools, solutions and best practices that support Member States’ actions at national level, and above all, promote cross-border coherence to avoid regulatory divergences between Member States; |
Or. es
Amendment 238
Anouk Van Brug, Billy Kelleher, Stéphanie Yon-Courtin, Gilles Boyer
Motion for a resolution
Paragraph 10
| Motion for a resolution | Amendment |
| 10. Notes that the Commission aims to implement a savings and investment union, which must include not only action at EU level, but also the development of tools, solutions and best practices that respect and support Member States’ actions at national level; | 10. Notes that EU households hold high levels of savings in low-yield instruments; strongly encourages the further development of the Savings and Investment Union, which can help in channelling long-term savings towards the capital markets and complement national efforts to deepen capital markets and increase the availability of capital, especially for SMEs; |
Or. en
Amendment 239
Herbert Dorfmann
Motion for a resolution
Paragraph 10
| Motion for a resolution | Amendment |
| 10. Notes that the Commission aims to implement a savings and investment union, which must include not only action at EU level, but also the development of tools, solutions and best practices that respect and support Member States’ actions at national level; | 10. Notes that the Commission aims to implement a savings and investment union (SIU), which must include not only action at EU level, but also the development of tools, solutions and best practices that support Member States’ actions at national level, where these actions can better contribute to implementing the SIU; |
Or. en
Amendment 240
Jonás Fernández, Tsvetelina Penkova
Motion for a resolution
Paragraph 10
| Motion for a resolution | Amendment |
| 10. Notes that the Commission aims to implement a savings and investment union, which must include not only action at EU level, but also the development of tools, solutions and best practices that respect and support Member States’ actions at national level; | 10. Notes that the Commission aims to implement a savings and investment union; stresses that the achievement of the Savings and Investment Union requires the full integration of capital markets; |
Or. en
Amendment 241
Arba Kokalari
Motion for a resolution
Paragraph 10
| Motion for a resolution | Amendment |
| 10. Notes that the Commission aims to implement a savings and investment union, which must include not only action at EU level, but also the development of tools, solutions and best practices that respect and support Member States’ actions at national level; | 10. Notes that the Commission aims to implement a savings and investment union, which must include not only action at EU level, but more importantly the development of tools, solutions and best practices that respect and support Member States’ actions at national level; |
Or. en
Amendment 242
Sirpa Pietikäinen
Motion for a resolution
Paragraph 10
| Motion for a resolution | Amendment |
| 10. Notes that the Commission aims to implement a savings and investment union, which must include not only action at EU level, but also the development of tools, solutions and best practices that respect and support Member States’ actions at national level; | 10. Notes that the Commission aims to implement a savings and investment union, which must include not only action at EU level, but also the development of tools, solutions and best practices at the Member State level; |
Or. en
Amendment 243
Isabel Benjumea Benjumea
Motion for a resolution
Paragraph 10
| Motion for a resolution | Amendment |
| 10. Notes that the Commission aims to implement a savings and investment union, which must include not only action at EU level, but also the development of tools, solutions and best practices that respect and support Member States’ actions at national level; | 10. Notes that the Commission aims to implement a savings and investment union, which must include action at EU level as well as tools, solutions and best practices that respect national competences and support Member States’ actions; |
Or. es
Amendment 244
Gaetano Pedulla'
Motion for a resolution
Paragraph 10 a (new)
| Motion for a resolution | Amendment |
| 10 a. Calls on the Commission to explore new financing tools and tailor them to the needs of micro and small enterprises, with reduced fees and higher risk coverage for green, social, and cooperative SMEs, with a particular focus on supporting economically depressed and marginalized areas and on fighting unemployment and regional inequality; |
Or. en
Amendment 245
Gilles Boyer, Stéphanie Yon-Courtin, Pascal Canfin
Motion for a resolution
Paragraph 10 a (new)
| Motion for a resolution | Amendment |
| 10 a. Welcomes the launch of the “Finance Europe” label, with its specific list of characteristics which funds using the label must respect, which will enable savers who wish to invest their savings in European companies and thus to directly contribute to financing the economy of the Union; |
Or. en
Amendment 246
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 10 a (new)
| Motion for a resolution | Amendment |
| 10 a. Points out that completing and strengthening Economic and Monetary Union, the Capital Markets Union (CMU) and the Banking Union, especially in the current context of possible de-dollarisation, could increase international use of the euro benefitting SMEs; |
Or. en
Amendment 247
Gaetano Pedulla'
Motion for a resolution
Paragraph 11
| Motion for a resolution | Amendment |
| 11. Calls on the Commission to improve investors’ access to information and protection, while leveraging the potential of simplified retail products to attract more savings to the capital markets; | deleted |
Or. en
Amendment 248
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 11
| Motion for a resolution | Amendment |
| 11. Calls on the Commission to improve investors’ access to information and protection, while leveraging the potential of simplified retail products to attract more savings to the capital markets; | deleted |
Or. en
Amendment 249
Markus Ferber
Motion for a resolution
Paragraph 11
| Motion for a resolution | Amendment |
| 11. Calls on the Commission to improve investors’ access to information and protection, while leveraging the potential of simplified retail products to attract more savings to the capital markets; | 11. Welcomes the idea of turning savers into investors; calls on the Commission to facilitate retail investors access to financial markets; highlights that in order for savings being directed to start-ups or scale-ups, intermediaries such as pension funds and insurance undertakings are key; calls on the Commission to create a regulatory framework that makes it attractive for such entities to take up that role as intermediaries; |
Or. en
Amendment 250
Fernando Navarrete Rojas
Motion for a resolution
Paragraph 11
| Motion for a resolution | Amendment |
| 11. Calls on the Commission to improve investors’ access to information and protection, while leveraging the potential of simplified retail products to attract more savings to the capital markets; | 11. Calls on the Commission to improve investors’ access to information and protection, while leveraging the potential of simplified retail products to attract more savings to the capital markets; calls on the Commission to promote voluntary European standards to improve the transparency, comparability and clear presentation of financial products aimed at SMEs, with the aim of facilitating well-informed decisions by entrepreneurs; |
Or. es
Amendment 251
Arba Kokalari
Motion for a resolution
Paragraph 11
| Motion for a resolution | Amendment |
| 11. Calls on the Commission to improve investors’ access to information and protection, while leveraging the potential of simplified retail products to attract more savings to the capital markets; | 11. Calls on the Commission to strengthen retail participation in capital markets through various means, while leveraging the potential of simple retail products to attract more savings to the capital markets and, more importantly, offer EU citizens more attractive returns on their savings; |
Or. en
Amendment 252
Sirpa Pietikäinen
Motion for a resolution
Paragraph 11
| Motion for a resolution | Amendment |
| 11. Calls on the Commission to improve investors’ access to information and protection, while leveraging the potential of simplified retail products to attract more savings to the capital markets; | 11. Calls on the Commission to improve investors’ access to information and protection, while leveraging the potential of retail products to attract more savings to the capital markets; |
Or. en
Amendment 253
Herbert Dorfmann
Motion for a resolution
Paragraph 11 a (new)
| Motion for a resolution | Amendment |
| 11 a. Regrets that the EuVECA Regulation ((EU) No 345/2013)) has not provided a significant positive impact on local venture capital markets; welcomes that the SIU Communication looks specifically at venture capital investment in small, unlisted companies that are ideally young and innovative but regrets that the Commission proposal on the EuVECA Regulation will be delayed until Q3 2026; asks the Commission to consider allowing private savers to invest in alternative funds and remove the EUR 100 000 minimum investment from EuVECA Regulation; asks the Commission to encourage Member States to grant tax incentives to Venture Capital Funds that invest in SMEs; |
Or. en
Amendment 254
Dirk Gotink
Motion for a resolution
Paragraph 11 a (new)
| Motion for a resolution | Amendment |
| 11 a. Stresses that the mobilisation of savings for investments should go together with creating the right environment for European SMEs and scale-ups to be sufficiently profitable, in order to build a business case for people to freely invest their money in European companies; notes, therefore, that supporting productivity, innovation and competitiveness, and significantly reducing regulatory burdens, is an essential precondition for unlocking private capital and savings; |
Or. en
Amendment 255
Arba Kokalari
Motion for a resolution
Paragraph 11 a (new)
| Motion for a resolution | Amendment |
| 11 a. Notes that the Draghi report identifies the underdevelopment of pre-funded public, occupational, and private pension schemes in EU Member States as a significant limiting factor to capital market development; underlines that pre-funded pension systems, where defined contributions are invested in capital markets rather than distributed via pay-as-you-go systems, are crucial to channel long-term investments into the real economy; |
Or. en
Amendment 256
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 11 a (new)
| Motion for a resolution | Amendment |
| 11 a. Calls on the Commission to prioritise a CMU agenda that sustains financial stability and consumer protection, favours access to venture capital and equity investment and reduces over-reliance on bank lending, while providing clear incentives toward sustainable activities and away from activities that do significant harm to one of the taxonomy objectives; |
Or. en
Amendment 257
Marlena Maląg
on behalf of the ECR Group
Motion for a resolution
Paragraph 11 a (new)
| Motion for a resolution | Amendment |
| 11 a. Is of the opinion that the unlocking of private capital and its stronger involvement in investments is a task that goes far beyond the area of regulation, requiring a change in saving and investment habits, which in turn requires a significant increase in economic knowledge and awareness; |
Or. en
Amendment 258
Gaetano Pedulla'
Motion for a resolution
Paragraph 11 a (new)
| Motion for a resolution | Amendment |
| 11 a. Calls for European and national development banks to increase direct lending and equity participation in SMEs, with a focus on early-stage financing, and underserved communities; |
Or. en
Amendment 259
Gaetano Pedulla'
Motion for a resolution
Paragraph 12
| Motion for a resolution | Amendment |
| 12. Emphasises the need to improve the financial literacy of EU citizens and entrepreneurs; calls on the Commission to include entrepreneurship in the scope of the incoming financial literacy strategy and in a toolkit for Member States to enhance coordination in this aspect; | deleted |
Or. en
Amendment 260
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 12
| Motion for a resolution | Amendment |
| 12. Emphasises the need to improve the financial literacy of EU citizens and entrepreneurs; calls on the Commission to include entrepreneurship in the scope of the incoming financial literacy strategy and in a toolkit for Member States to enhance coordination in this aspect; | deleted |
Or. en
Amendment 261
Anouk Van Brug, Billy Kelleher, Stéphanie Yon-Courtin, Gilles Boyer
Motion for a resolution
Paragraph 12
| Motion for a resolution | Amendment |
| 12. Emphasises the need to improve the financial literacy of EU citizens and entrepreneurs; calls on the Commission to include entrepreneurship in the scope of the incoming financial literacy strategy and in a toolkit for Member States to enhance coordination in this aspect; | 12. Strongly emphasises the need to improve the financial literacy of EU citizens and entrepreneurs; calls on the Commission to include entrepreneurship in the scope of the incoming financial literacy strategy and in a toolkit for Member States to enhance coordination in this aspect; stresses the benefits of enhanced financial literacy so that citizens can make more informed financial decisions independently; |
Or. en
Amendment 262
Isabel Benjumea Benjumea
Motion for a resolution
Paragraph 12
| Motion for a resolution | Amendment |
| 12. Emphasises the need to improve the financial literacy of EU citizens and entrepreneurs; calls on the Commission to include entrepreneurship in the scope of the incoming financial literacy strategy and in a toolkit for Member States to enhance coordination in this aspect; | 12. Emphasises the need to improve the financial education of EU citizens and entrepreneurs; calls on the Commission to include entrepreneurship in the scope of the incoming financial education strategy and in a toolkit for Member States to enhance coordination in this aspect; |
Or. es
Amendment 263
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 12 a (new)
| Motion for a resolution | Amendment |
| 12 a. Stresses the need to remove the existing equity-debt bias in corporate taxation which drives up leverage and encourages the use of complex financial instruments, increasing systemic risks in capital markets; considers that such tax distortions should be addressed by limiting the tax deductibility of interest, rather than introducing new corporate tax deductions for equity costs, which would result in greater losses of corporate income tax revenues without a real impact on value creation; |
Or. en
Amendment 264
Marco Falcone
Motion for a resolution
Paragraph 12 a (new)
| Motion for a resolution | Amendment |
| 12a. Strongly emphasises that targeted tax relief is a key tool for promoting the development, competitiveness and growth of small and medium-sized enterprises and scale-ups; calls, therefore, on the Commission to support and encourage Member States in implementing structured and ambitious 'no tax policies' as well as tax and regulatory relief in innovative sectors with high growth potential; |
Or. it
Amendment 265
Gaetano Pedulla'
Motion for a resolution
Paragraph 12 a (new)
| Motion for a resolution | Amendment |
| 12 a. Calls for a European strategy to support the development of cooperative and community-based financial institutions (e.g. credit unions, mutual banks) as key players in inclusive SME finance and given their better positioned to serve SMEs with local knowledge and social mandates; |
Or. en
Amendment 266
Jonás Fernández
Motion for a resolution
Paragraph 13
| Motion for a resolution | Amendment |
| 13. Calls for public funding not to be used as subsidies, but rather as a catalyst to mobilise private investments and make more private funding available to businesses; emphasises also the role of tax incentives in this regard; | deleted |
Or. en
Amendment 267
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 13
| Motion for a resolution | Amendment |
| 13. Calls for public funding not to be used as subsidies, but rather as a catalyst to mobilise private investments and make more private funding available to businesses; emphasises also the role of tax incentives in this regard; | deleted |
Or. en
Amendment 268
Gaetano Pedulla'
Motion for a resolution
Paragraph 13
| Motion for a resolution | Amendment |
| 13. Calls for public funding not to be used as subsidies, but rather as a catalyst to mobilise private investments and make more private funding available to businesses; emphasises also the role of tax incentives in this regard; | deleted |
Or. en
Amendment 269
Georgios Aftias
Motion for a resolution
Paragraph 13
| Motion for a resolution | Amendment |
| 13. Calls for public funding not to be used as subsidies, but rather as a catalyst to mobilise private investments and make more private funding available to businesses; emphasises also the role of tax incentives in this regard; | 13. Calls for public funding not to be used as subsidies, but rather as a catalyst to mobilise private investments and make more private funding available to businesses and micro entreprises; emphasises also the role of tax incentives in this regard, and calls the Commission to acknowledge the structural vulnerabilities and the need for inclusive and fair competitiveness across all business sizes. |
Or. en
Amendment 270
Fernando Navarrete Rojas
Motion for a resolution
Paragraph 13
| Motion for a resolution | Amendment |
| 13. Calls for public funding not to be used as subsidies, but rather as a catalyst to mobilise private investments and make more private funding available to businesses; emphasises also the role of tax incentives in this regard; | 13. Calls for public funding not to be used as subsidies, but rather as a catalyst to mobilise private investments and make more private funding available to businesses; emphasises also the role of tax incentives in this regard; considers that the bulk of the investment should come from the private sector; underlines that this requires stable and attractive tax and regulatory frameworks for professional and retail investors; |
Or. es
Amendment 271
Herbert Dorfmann
Motion for a resolution
Paragraph 13
| Motion for a resolution | Amendment |
| 13. Calls for public funding not to be used as subsidies, but rather as a catalyst to mobilise private investments and make more private funding available to businesses; emphasises also the role of tax incentives in this regard; | 13. Calls for public funding not to be used as subsidies, but rather as a catalyst to mobilise private investments and make more private funding available to businesses; emphasises the role of guarantee instruments in leveraging limited public resources to stimulate private sector investment, thereby reducing the risk for private investors and encouraging greater participation in financing SMEs; |
Or. en
Amendment 272
Danuše Nerudová
Motion for a resolution
Paragraph 13
| Motion for a resolution | Amendment |
| 13. Calls for public funding not to be used as subsidies, but rather as a catalyst to mobilise private investments and make more private funding available to businesses; emphasises also the role of tax incentives in this regard; | 13. Calls for public funding not to be used as subsidies, but rather as a catalyst to mobilise private investments and make more private funding available to businesses; highlights the importance of leveraging public instruments such as guarantees, equity investments and blended finance to maximise the mobilisation of private capital; underlines the key role of tax incentives in this regard; |
Or. en
Amendment 273
Isabel Benjumea Benjumea
Motion for a resolution
Paragraph 13
| Motion for a resolution | Amendment |
| 13. Calls for public funding not to be used as subsidies, but rather as a catalyst to mobilise private investments and make more private funding available to businesses; emphasises also the role of tax incentives in this regard; | 13. Calls for public funding not to be used as subsidies, but rather as a catalyst to mobilise private investments and make more private funding available to businesses; emphasises also the positive role played by tax incentives in this regard; |
Or. es
Amendment 274
Sirpa Pietikäinen
Motion for a resolution
Paragraph 13
| Motion for a resolution | Amendment |
| 13. Calls for public funding not to be used as subsidies, but rather as a catalyst to mobilise private investments and make more private funding available to businesses; emphasises also the role of tax incentives in this regard; | 13. Calls for public funding to be used as as a catalyst to mobilise private investments and make more private funding available to businesses, emphasises also the role of tax incentives in this regard; |
Or. en
Amendment 275
Georgios Aftias
Motion for a resolution
Paragraph 13 – subparagraph 1 (new)
| Motion for a resolution | Amendment |
| 13a. Urges the Commission to examine the establishment of a permanent liquidity support mechanism for SMEs, modelled after effective temporary measures such as repayable advances, which demonstrated significant results during recent crises by bypassing barriers in the traditional banking system; |
Or. en
Amendment 276
Jorge Martín Frías, Enikő Győri, Tomáš Kubín, Pierre Pimpie
Motion for a resolution
Paragraph 13 – subparagraph 1 (new)
| Motion for a resolution | Amendment |
| Calls on the Commission to include the agricultural and automotive sectors within the priority sectors identified in the Startup and Scaleup Strategy; |
Or. es
Amendment 277
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 13 a (new)
| Motion for a resolution | Amendment |
| 13 a. Highlights the need to protect and promote access for start-ups and scale-ups to public procurement processes, such as in the context of the digitalisation of public administrations, to foster the creation of a dynamic and competitive European digital sector; in this context calls for allocating at least 10% of digital Union public procurement contracts to start-ups and scale-ups; in the light of the efforts for European strategic autonomy support efforts to achieve technological sovereignty; |
Or. en
Amendment 278
Fernando Navarrete Rojas
Motion for a resolution
Paragraph 13 a (new)
| Motion for a resolution | Amendment |
| 13a. Points out that the public sector can act as an effective catalyst to mobilise private capital, especially in sectors with high levels of information asymmetry or in regions with emerging financial markets; calls for public instruments to be designed according to the criteria of efficiency, competitive neutrality and impact, maximising the leverage effect on private investment; |
Or. es
Amendment 279
Herbert Dorfmann
Motion for a resolution
Paragraph 13 a (new)
| Motion for a resolution | Amendment |
| 13 a. Underlines that the European Investment Bank (EIB) Group’s potential must be fully leveraged to crowd in private investment and bridge Europe’s investment gap in all priority areas, from decarbonisation to defence; asks the EIB to dedicate more resources to SMEs projects on innovation, start-ups and scale-ups; regrets the lack of concrete proposals on this matter; |
Or. en
Amendment 280
Danuše Nerudová
Motion for a resolution
Paragraph 13 a (new)
| Motion for a resolution | Amendment |
| 13 a. Stresses the importance of expanding the use of revolving financial instruments co-financed by the European Regional Development Fund, as a sustainable and efficient means to address persistent SME financing gaps, especially in regions with limited credit availability; |
Or. en
Amendment 281
Gaetano Pedulla'
Motion for a resolution
Paragraph 13 a (new)
| Motion for a resolution | Amendment |
| 13 a. Calls on the Commission and Member States to effectively combat tax avoidance, evasion and harmful tax practices by implementing, among other measures, an international minimum tax for corporations of 25 per cent; |
Or. en
Amendment 282
Pascal Canfin, Stéphanie Yon-Courtin, Billy Kelleher
Motion for a resolution
Paragraph 13 a (new)
| Motion for a resolution | Amendment |
| 13 a. Calls on the European Commission, in the upcoming review of the EU long-term budget, to dedicate a sizable budget to de-risk private investments made by institutional investors in innovative technologies; |
Or. en
Amendment 283
Marlena Maląg
on behalf of the ECR Group
Motion for a resolution
Paragraph 13 a (new)
| Motion for a resolution | Amendment |
| 13 a. Points out that the cost of loans varies considerably across the EU, which disadvantages SMEs in some Member States; calls on the Commission to examine the options available to address this problem; |
Or. en
Amendment 284
Fernando Navarrete Rojas
Motion for a resolution
Paragraph 13 b (new)
| Motion for a resolution | Amendment |
| 13b. Recalls that the structural debt bias penalises innovation-based growth and limits companies’ financial resilience; considers it necessary to reopen the debate on a tax deduction for equity with the aim of establishing a better fiscal balance between debt and equity; stresses that the cost of equity is significantly higher than that of debt, and that the current tax system reinforces that bias; |
Or. es
Amendment 285
Marlena Maląg
on behalf of the ECR Group
Motion for a resolution
Paragraph 13 b (new)
| Motion for a resolution | Amendment |
| 13 b. Regrets the excessive exposure of banks to sovereign debt, which is detrimental to borrowers, including SMEs; |
Or. en
Amendment 286
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Subheading 3 a (new)
| Motion for a resolution | Amendment |
| Bridging the funding gap for SMEs, scale-ups and start-ups |
Or. en
Amendment 287
Fernando Navarrete Rojas
Motion for a resolution
Paragraph 14
| Motion for a resolution | Amendment |
| 14. Calls on the Commission to introduce flexibility in the implementation of Basel III requirements so as to ensure more lending is made available to SMEs and scale-ups; notes that appropriate flexibility could free up financing capacity and boost competitiveness vis-à-vis other jurisdictions in this regard; | deleted |
Or. es
Amendment 288
Anouk Van Brug, Billy Kelleher
Motion for a resolution
Paragraph 14
| Motion for a resolution | Amendment |
| 14. Calls on the Commission to introduce flexibility in the implementation of Basel III requirements so as to ensure more lending is made available to SMEs and scale-ups; notes that appropriate flexibility could free up financing capacity and boost competitiveness vis-à-vis other jurisdictions in this regard; | deleted |
Or. en
Amendment 289
Sirpa Pietikäinen
Motion for a resolution
Paragraph 14
| Motion for a resolution | Amendment |
| 14. Calls on the Commission to introduce flexibility in the implementation of Basel III requirements so as to ensure more lending is made available to SMEs and scale-ups; notes that appropriate flexibility could free up financing capacity and boost competitiveness vis-à-vis other jurisdictions in this regard; | deleted |
Or. en
Amendment 290
Gaetano Pedulla'
Motion for a resolution
Paragraph 14
| Motion for a resolution | Amendment |
| 14. Calls on the Commission to introduce flexibility in the implementation of Basel III requirements so as to ensure more lending is made available to SMEs and scale-ups; notes that appropriate flexibility could free up financing capacity and boost competitiveness vis-à-vis other jurisdictions in this regard; | deleted |
Or. en
Amendment 291
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 14
| Motion for a resolution | Amendment |
| 14. Calls on the Commission to introduce flexibility in the implementation of Basel III requirements so as to ensure more lending is made available to SMEs and scale-ups; notes that appropriate flexibility could free up financing capacity and boost competitiveness vis-à-vis other jurisdictions in this regard; | deleted |
Or. en
Amendment 292
Markus Ferber
Motion for a resolution
Paragraph 14
| Motion for a resolution | Amendment |
| 14. Calls on the Commission to introduce flexibility in the implementation of Basel III requirements so as to ensure more lending is made available to SMEs and scale-ups; notes that appropriate flexibility could free up financing capacity and boost competitiveness vis-à-vis other jurisdictions in this regard; | 14. Calls on the Commission to introduce flexibility in the implementation of Basel III requirements so as to ensure more lending is made available to SMEs and scale-ups; notes that appropriate flexibility could free up financing capacity and boost competitiveness vis-à-vis other jurisdictions in this regard; highlights that the Basel III implementation provisions contain certain elements such as the unfavourable treatment of unrated corporates that could materially increase financing costs for small and medium enterprises; points out that the time bought via the transitional regime for unrated corporate needs to be used to find more permanent solutions; |
Or. en
Amendment 293
Georgios Aftias
Motion for a resolution
Paragraph 14
| Motion for a resolution | Amendment |
| 14. Calls on the Commission to introduce flexibility in the implementation of Basel III requirements so as to ensure more lending is made available to SMEs and scale-ups; notes that appropriate flexibility could free up financing capacity and boost competitiveness vis-à-vis other jurisdictions in this regard; | 14. Calls on the Commission to introduce flexibility in the implementation of Basel III requirements so as to ensure more lending is made available to SMEs and scale-ups; notes that appropriate flexibility could free up financing capacity and boost competitiveness vis-à-vis other jurisdictions in this regard; To that end, encourages the establishment of innovative financing models tailored to micro-enterprises, such as credit mechanisms based on Point of Sales (POS) transaction history and commercial activity, to enhance access to credit for businesses lacking traditional credit profiles or collateral; |
Or. en
Amendment 294
Gilles Boyer, Billy Kelleher, Stéphanie Yon-Courtin, Pascal Canfin
Motion for a resolution
Paragraph 14
| Motion for a resolution | Amendment |
| 14. Calls on the Commission to introduce flexibility in the implementation of Basel III requirements so as to ensure more lending is made available to SMEs and scale-ups; notes that appropriate flexibility could free up financing capacity and boost competitiveness vis-à-vis other jurisdictions in this regard; | 14. Recalls the implementation of the Basel III framework through the relevant EU legislation; underlines the crucial role that this will play in continuing to enhance the resilience of EU banks and contribute to financial stability; underlines the importance of ensuring the global competitiveness of EU banks and ensuring an international level playing field to ensure that Europe’s banks are able to continue financing Europe’s SMEs; |
Or. en
Amendment 295
Tsvetelina Penkova, Jonás Fernández
Motion for a resolution
Paragraph 14
| Motion for a resolution | Amendment |
| 14. Calls on the Commission to introduce flexibility in the implementation of Basel III requirements so as to ensure more lending is made available to SMEs and scale-ups; notes that appropriate flexibility could free up financing capacity and boost competitiveness vis-à-vis other jurisdictions in this regard; | 14. Calls on the Commission and EU Member States to ensure the full and timely implementation of the Basel III standards as adopted by the co-legislators, and to reject any attempts to weaken existing rules or embark on an international race to the bottom; recalls that well-capitalised and well-supervised banks are key to a stable and sustainable financial landscape, thereby protecting European consumers and competitiveness |
Or. en
Amendment 296
Markus Ferber
Motion for a resolution
Paragraph 14 a (new)
| Motion for a resolution | Amendment |
| 14 a. Acknowledges that bank lending remains the primary external financing source for SMEs in the Union; underlines the vital role of traditional banking models, including small regional banks, savings banks, cooperative banks and public institutions, in this regard; emphasises that banks with deep regional and local expertise often provide the most effective support to SMEs through long-standing relationships; notes that such small and local banks encounter distinct challenges compared to larger institutions; |
Or. en
Amendment 297
Fernando Navarrete Rojas
Motion for a resolution
Paragraph 14 a (new)
| Motion for a resolution | Amendment |
| 14a. Recalls that non-bank funding sources for SMEs, such as venture capital and private debt funds, are an attractive alternative source of finance; calls on the Commission to explore regulatory proportionality measures in this area that facilitate the development of specialised actors adapted to SME financing; |
Or. es
Amendment 298
Herbert Dorfmann
Motion for a resolution
Paragraph 14 a (new)
| Motion for a resolution | Amendment |
| 14 a. Calls on the Commission to set up a pan-European credit referral scheme for SMEs and innovative start-ups; proposes for this scheme to be integrated in the current European Single Access Point (ESAP), where SMEs can upload their relevant financial and non-financial data for the attention of potential investors; |
Or. en
Amendment 299
Danuše Nerudová
Motion for a resolution
Paragraph 14 a (new)
| Motion for a resolution | Amendment |
| 14 a. Recommends strengthening national and EU-level public guarantee schemes and tailored lending instruments to improve access to credit for viable SMEs, particularly in cases where restrictive risk profiles or limited national resources constrain financing options; |
Or. en
Amendment 300
Gaetano Pedulla'
Motion for a resolution
Paragraph 14 a (new)
| Motion for a resolution | Amendment |
| 14 a. Calls on the Commission and the Member States to ensure that any funding for companies is only granted if environmental standards and workers’ rights are respected and strengthened, including by strengthening collective bargaining and participation rights; |
Or. en
Amendment 301
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 14 a (new)
| Motion for a resolution | Amendment |
| 14 a. Calls on the Commission to facilitate the listing of scale-ups on European stock exchanges, including by harmonising reporting standards, listing requirements and disclosure rules for small-cap and entry standard listings; |
Or. en
Amendment 302
Markus Ferber
Motion for a resolution
Paragraph 14 b (new)
| Motion for a resolution | Amendment |
| 14 b. Notes that multiple regulatory requirements on banks can negatively impact SME lending; stresses the importance of avoiding duplicate reporting requirements and multiple reporting channels, which impose unnecessary administrative burdens, particularly on smaller banks; calls on the Commission, with assistance from the European Banking Authority and the Single Supervisory Mechanism, to assess the effects of current regulatory rules on SME lending; underscores the necessity of applying the proportionality principle in banking regulation; |
Or. en
Amendment 303
Fernando Navarrete Rojas
Motion for a resolution
Paragraph 14 b (new)
| Motion for a resolution | Amendment |
| 14b. Considers that compliance with the Basel III prudential requirements is essential to ensure financial stability and confidence in the European banking system; stresses that the challenge should not focus on weakening standards, but on complementing access to bank finance with a robust non-bank and market finance ecosystem that provides adequate alternatives to SMEs according to their risk profile; |
Or. es
Amendment 304
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 15
| Motion for a resolution | Amendment |
| 15. Calls on the Commission to make the securitisation regulatory framework more flexible so as to allow credit institutions to provide further funding to companies and support their growth; | deleted |
Or. en
Amendment 305
Gaetano Pedulla'
Motion for a resolution
Paragraph 15
| Motion for a resolution | Amendment |
| 15. Calls on the Commission to make the securitisation regulatory framework more flexible so as to allow credit institutions to provide further funding to companies and support their growth; | deleted |
Or. en
Amendment 306
Sirpa Pietikäinen
Motion for a resolution
Paragraph 15
| Motion for a resolution | Amendment |
| 15. Calls on the Commission to make the securitisation regulatory framework more flexible so as to allow credit institutions to provide further funding to companies and support their growth; | deleted |
Or. en
Amendment 307
Fernando Navarrete Rojas
Motion for a resolution
Paragraph 15
| Motion for a resolution | Amendment |
| 15. Calls on the Commission to make the securitisation regulatory framework more flexible so as to allow credit institutions to provide further funding to companies and support their growth; | 15. Calls on the Commission to make the securitisation regulatory framework more flexible so as to allow credit institutions to provide further funding to companies and support their growth; Considers that the European regulatory framework for securitisation has been overly restrictive in recent years, unnecessarily limiting the potential of this instrument as a channel for business financing; calls on the Commission to thoroughly review the applicable regime, with the aim of introducing more regulatory flexibility without compromising credit quality and transparency; underlines that well-regulated, simple and standardised securitisation can free up lending capacity in the banking system and facilitate access to finance for SMEs and scale-ups, acting as an effective complement to direct market financing; |
Or. es
Amendment 308
Tsvetelina Penkova, Jonás Fernández
Motion for a resolution
Paragraph 15
| Motion for a resolution | Amendment |
| 15. Calls on the Commission to make the securitisation regulatory framework more flexible so as to allow credit institutions to provide further funding to companies and support their growth; | 15. Calls on the Commission to ensure that any review of the securitisation regulatory framework does not come at the expense of financial stability considerations; believes that any review should be limited in scope and should not be a deregulatory exercise to completely undermine key prudential requirements and other safeguards that were introduced after the global financial crisis; |
Or. en
Amendment 309
Markus Ferber
Motion for a resolution
Paragraph 15
| Motion for a resolution | Amendment |
| 15. Calls on the Commission to make the securitisation regulatory framework more flexible so as to allow credit institutions to provide further funding to companies and support their growth; | 15. Calls on the Commission to make the securitisation regulatory framework more flexible so as to allow credit institutions to provide further funding to companies and support their growth; welcomes the upcoming review of the securitisation framework and calls on the Commission to make the regime less burdensome and more risk-sensitive; |
Or. en
Amendment 310
Gilles Boyer, Billy Kelleher, Stéphanie Yon-Courtin, Pascal Canfin, Anouk Van Brug
Motion for a resolution
Paragraph 15
| Motion for a resolution | Amendment |
| 15. Calls on the Commission to make the securitisation regulatory framework more flexible so as to allow credit institutions to provide further funding to companies and support their growth; | 15. Underlines the important role that securitisation can play in facilitating the financing of investments, building alternative sources of funding for European companies, including SMEs, to facilitate their growth, increasing European competitiveness and creating deep and dynamic European capital markets; |
Or. en
Amendment 311
Arba Kokalari
Motion for a resolution
Paragraph 15 – subparagraph 1 (new)
| Motion for a resolution | Amendment |
| Notes that the Draghi report identifies the underdevelopment of pre-funded public, occupational and private pension systems in EU Member States as a significant limiting factor to capital market development; |
Or. en
Amendment 312
Herbert Dorfmann
Motion for a resolution
Paragraph 15 a (new)
| Motion for a resolution | Amendment |
| 15 a. Expects that the awaited Commission proposal on securitisation will simplify its regulatory framework to exploit the full benefits that securitisation can offer; States that the majority of stakeholders in industry sees the current prudential framework as excessively punitive, leading to overcapitalisation; demands a more risk-based approach that increases the securitisation volumes, while preserving financial stability with an increase in the robustness of the significant risk transfer (SRT) tests, as recommended by the European Banking Authority; the Commission proposal should improve the liquidity treatment of securitisation under the Liquidity Coverage Ratio, this can be done in a way consistent with the European Supervisory Authorities' recommendations and Basel standards; the new securitisation framework should reduce the bureaucratic charge of transparency and due diligence requirements; |
Or. en
Amendment 313
Dirk Gotink
Motion for a resolution
Paragraph 15 a (new)
| Motion for a resolution | Amendment |
| 15 a. Stresses that fragmented market infrastructures pose a major obstacle to cross-border capital flows and investments, including to financing for SMEs and scale-ups; calls on the Commission, in the context of the Savings and Investment Union, to propose measures in support of the consolidation of trading and post-trading infrastructures in Europe; |
Or. en
Amendment 314
Arba Kokalari
Motion for a resolution
Paragraph 15 a (new)
| Motion for a resolution | Amendment |
| 15 a. Supports the Commission in the development of a blueprint of an EU investment savings account, which should include (i) a simplified tax declaration procedure, (ii) accompanying tax incentives, and (iii) the absence of restrictions on investment geography, sector, deposit limits, or minimum holding periods; |
Or. en
Amendment 315
Isabel Benjumea Benjumea
Motion for a resolution
Paragraph 15 a (new)
| Motion for a resolution | Amendment |
| 15a. Stresses that the EU should strive to simplify the business environment for European entrepreneurs by removing unnecessary regulatory barriers and creating a scale-up ecosystem based primarily on private investments, where private initiative is the engine of growth; |
Or. es
Amendment 316
Gilles Boyer, Billy Kelleher, Stéphanie Yon-Courtin, Pascal Canfin, Anouk Van Brug
Motion for a resolution
Paragraph 15 a (new)
| Motion for a resolution | Amendment |
| 15 a. Emphasises that the development of the European securitisation market could contribute to the urgent need for the Union’s economy to evolve from relying primarily on banks’ balance sheets for financing towards an economy which fully harnesses the potential of capital markets; |
Or. en
Amendment 317
Danuše Nerudová
Motion for a resolution
Paragraph 15 a (new)
| Motion for a resolution | Amendment |
| 15 a. Calls on the Commission to accelerate the completion of fully functioning Capital Markets Union (CMU) to improve cross-border access to financing for SMEs and scale-ups, reduce dependency on non-EU capital, and enhance the competitiveness and strategic autonomy of the EU economy; |
Or. en
Amendment 318
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 15 a (new)
| Motion for a resolution | Amendment |
| 15 a. Calls for the rapid implementation of the Scaleup Europe Fund and the European Innovation Investment Pact as outlined in the EU Startup and Scaleup Strategy; |
Or. en
Amendment 319
Anouk Van Brug, Billy Kelleher, Stéphanie Yon-Courtin, Gilles Boyer
Motion for a resolution
Paragraph 15 a (new)
| Motion for a resolution | Amendment |
| 15 a. Stresses that completing the Capital Markets Union goes hand in hand with completing the Banking Union; |
Or. en
Amendment 320
Gilles Boyer, Billy Kelleher, Stéphanie Yon-Courtin, Pascal Canfin
Motion for a resolution
Paragraph 15 b (new)
| Motion for a resolution | Amendment |
| 15 b. Calls on the Commission to publish an ambitious and holistic revision of the securitisation framework in Q2 2025, notably focusing on reviewing specific prudential requirements, due diligence rules, reporting requirements concerning certain asset types, the consistency of Simple Transparent and Standardised criteria, as well as the supervisory process, in order to ensure that securitisation can play a crucial role in financing future European growth while keeping unchanged the fundamental safeguards put in place after 2008: ban re-securitisation, ban on securitisation without risk retention, strict oversight of credit rating agencies; |
Or. en
Amendment 321
Isabel Benjumea Benjumea
Motion for a resolution
Paragraph 15 b (new)
| Motion for a resolution | Amendment |
| 15b. Recognises the central role played by the private sector in the economic growth and prosperity of the European Union; stresses that any progress towards the integration of capital markets must be built on the principles of economic freedom, competition and legal certainty; |
Or. es
Amendment 322
Danuše Nerudová
Motion for a resolution
Paragraph 15 b (new)
| Motion for a resolution | Amendment |
| 15 b. Emphasises the need for a clear, time-bound roadmap for completing the Capital Markets Union, including harmonisation of insolvency laws, simplification of listing rules for SMEs, and improved investor protection frameworks; |
Or. en
Amendment 323
Herbert Dorfmann
Motion for a resolution
Paragraph 15 b (new)
| Motion for a resolution | Amendment |
| 15 b. Notes that the provision of risk capital should be encouraged as a part of the business model of traditional banks, while preserving financial stability of banks; |
Or. en
Amendment 324
Isabel Benjumea Benjumea
Motion for a resolution
Paragraph 15 c (new)
| Motion for a resolution | Amendment |
| 15c. Stresses the importance of ensuring easy, safe and cross-border access to financial products for retail investors, encouraging citizen participation in capital markets and promoting a more efficient use of European savings; |
Or. es
Amendment 325
Isabel Benjumea Benjumea
Motion for a resolution
Paragraph 15 d (new)
| Motion for a resolution | Amendment |
| 15d. Urges the Commission to prioritise the global competitiveness of EU financial markets in its regulatory proposals, ensuring that the European regulatory framework is not an obstacle vis-à-vis other jurisdictions attractive to international capital; |
Or. es
Amendment 326
Gaetano Pedulla'
Motion for a resolution
Subheading 4
| Motion for a resolution | Amendment |
| Bridging the funding gap for scale-ups | deleted |
Or. en
Amendment 327
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Subheading 4
| Motion for a resolution | Amendment |
| Bridging the funding gap for scale-ups | deleted |
Or. en
Amendment 328
Tsvetelina Penkova, Jonás Fernández
Motion for a resolution
Subheading 4 a (new)
| Motion for a resolution | Amendment |
| Calls on the Commission and the Member States to assess the barriers that start-ups and scale-ups face in accessing finance and tailored funding application processes in a way that allows easier access to finance; calls for efforts to be focused on fast-tracking the harmonisation of capital markets across the Union; |
Or. en
Amendment 329
Tsvetelina Penkova, Jonás Fernández
Motion for a resolution
Subheading 4 b (new)
| Motion for a resolution | Amendment |
| Urges the Commission to enhance the funding mechanisms for start-ups and scale-ups, including public procurement and the provision of grants, loans, guarantees and crowd funding, while taking care not to crowd out private investment and ensure financial stability; urges it to reorient existing funds to target European start-ups and scale-ups more effectively; highlights the need to develop a voluntary pan-European credit referral system for start-ups and scale-ups that are rejected for bank loans; stresses the need to expand initiatives like VentureEU to attract greater private investment for start-ups and scale-ups in the long term; urges the Commission to encourage the Member States to enhance incentives for early-stage investment by business angels and investors; calls on the Commission to examine relevant best practices across the EU and to provide recommendations to promote a common framework; |
Or. en
Amendment 330
Tsvetelina Penkova, Jonás Fernández
Motion for a resolution
Subheading 4 c (new)
| Motion for a resolution | Amendment |
| Encourages government agencies and private investors to provide more targeted grants and low-interest loans to start-ups and scale-ups at various stages of growth, while maintaining competitive capital allocation mechanisms, safeguarding financial stability and taking utmost care not to crowd out private investment; |
Or. en
Amendment 331
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 16
| Motion for a resolution | Amendment |
| 16. Regrets that many European businesses end up using venture capitalists based in non-EU countries and settling in non-EU country markets to scale up their businesses; expresses concern over the growing number of SME failures in the EU4 ; | deleted |
| _________________ | |
| 4 Katsinis, A., Lagüera-González, J., Di Bella, L., Odenthal, L., Hell, M., Lozar, B., ‘Annual Report on European SMEs 2023/2024’, Publications Office of the European Union, 2024. |
Or. en
Amendment 332
Gaetano Pedulla'
Motion for a resolution
Paragraph 16
| Motion for a resolution | Amendment |
| 16. Regrets that many European businesses end up using venture capitalists based in non-EU countries and settling in non-EU country markets to scale up their businesses; expresses concern over the growing number of SME failures in the EU4 ; | deleted |
| _________________ | |
| 4 Katsinis, A., Lagüera-González, J., Di Bella, L., Odenthal, L., Hell, M., Lozar, B., ‘Annual Report on European SMEs 2023/2024’, Publications Office of the European Union, 2024. |
Or. en
Amendment 333
Isabel Benjumea Benjumea
Motion for a resolution
Paragraph 16
| Motion for a resolution | Amendment |
| 16. Regrets that many European businesses end up using venture capitalists based in non-EU countries and settling in non-EU country markets to scale up their businesses; expresses concern over the growing number of SME failures in the EU4; | 16. Regrets that many European businesses end up using venture capitalists based in non-EU countries and settling in non-EU country markets to scale up their businesses; recalls that this is mainly due to the lack of funding within our market; expresses concern over the growing number of SME failures in the EU[1]; [1] Katsinis, A., Lagüera-González, J., Di Bella, L., Odenthal, L., Hell, M., Lozar, B., ‘Annual Report on European SMEs 2023/2024’, Publications Office of the European Union, 2024. |
| _________________ | |
| 4 Katsinis, A., Lagüera-González, J., Di Bella, L., Odenthal, L., Hell, M., Lozar, B., ‘Annual Report on European SMEs 2023/2024’, Publications Office of the European Union, 2024. |
Or. es
Amendment 334
Arba Kokalari
Motion for a resolution
Paragraph 16
| Motion for a resolution | Amendment |
| 16. Regrets that many European businesses end up using venture capitalists based in non-EU countries and settling in non-EU country markets to scale up their businesses; expresses concern over the growing number of SME failures in the EU4 ; | 16. Notes that many European businesses end up using venture capitalists based in non-EU countries and settling in non-EU country markets to scale up their businesses; expresses concern over the growing number of SME failures in the EU4 ; stresses that the priority must be to understand and address the root causes of relocation by fostering a more competitive and attractive internal market, providing EU-based entrepreneurs with the conditions to grow and scale within the Union, and ensuring a regulatory environment that is not overly burdensome or restrictive; |
| _________________ | _________________ |
| 4 Katsinis, A., Lagüera-González, J., Di Bella, L., Odenthal, L., Hell, M., Lozar, B., ‘Annual Report on European SMEs 2023/2024’, Publications Office of the European Union, 2024. | 4 Katsinis, A., Lagüera-González, J., Di Bella, L., Odenthal, L., Hell, M., Lozar, B., ‘Annual Report on European SMEs 2023/2024’, Publications Office of the European Union, 2024. |
Or. en
Amendment 335
Fernando Navarrete Rojas
Motion for a resolution
Paragraph 16
| Motion for a resolution | Amendment |
| 16. Regrets that many European businesses end up using venture capitalists based in non-EU countries and settling in non-EU country markets to scale up their businesses; expresses concern over the growing number of SME failures in the EU4; | 16. Regrets that many European businesses with high potential end up moving their business to third countries, not because of a lack of interest in scaling up in Europe, but because of the lack of an adequate competitive, regulatory and financial environment; underlines that this situation reflects a structural failure in the European growth ecosystem; expresses concern over the increase in the number of SME bankruptcies in the EU4 and considers it a priority to address the underlying causes, such as the lack of long-term capital, the tax burden when scaling up, and the disproportionate administrative burdens; |
| _________________ | |
| 4 Katsinis, A., Lagüera-González, J., Di Bella, L., Odenthal, L., Hell, M., Lozar, B., ‘Annual Report on European SMEs 2023/2024’, Publications Office of the European Union, 2024. |
Or. es
Amendment 336
Dirk Gotink
Motion for a resolution
Paragraph 16
| Motion for a resolution | Amendment |
| 16. Regrets that many European businesses end up using venture capitalists based in non-EU countries and settling in non-EU country markets to scale up their businesses; expresses concern over the growing number of SME failures in the EU4 ; | 16. Regrets that many European businesses end up using venture capitalists based in non-EU countries and settling in non-EU country markets to scale up their businesses; expresses concern over the growing number of SME failures in the EU4 ; emphasises that a deeper and more developed venture capital ecosystem in the EU is needed to finance innovative start-ups and scale-ups; notes that the EU’s bank-based structure is not well-suited to finance innovative start-ups and scale-ups, due to bank models’ risk appetite; |
| _________________ | _________________ |
| 4 Katsinis, A., Lagüera-González, J., Di Bella, L., Odenthal, L., Hell, M., Lozar, B., ‘Annual Report on European SMEs 2023/2024’, Publications Office of the European Union, 2024. | 4 Katsinis, A., Lagüera-González, J., Di Bella, L., Odenthal, L., Hell, M., Lozar, B., ‘Annual Report on European SMEs 2023/2024’, Publications Office of the European Union, 2024. |
Or. en
Amendment 337
Sirpa Pietikäinen
Motion for a resolution
Paragraph 16
| Motion for a resolution | Amendment |
| 16. Regrets that many European businesses end up using venture capitalists based in non-EU countries and settling in non-EU country markets to scale up their businesses; expresses concern over the growing number of SME failures in the EU4 ; | 16. Regrets that many European businesses end up using venture capitalists based in non-EU countries and settling in non-EU country markets to scale up their businesses; expresses concern over the growing number of SME failures in the EU4 ; stresses the need to support the creation of truly European Venture Capital, Growth and Buyout Funds also with the tools available in the MFF and InvestEU programmes as well as with the funding from the EIB Group and national promotional banks and institutions; |
| _________________ | _________________ |
| 4 Katsinis, A., Lagüera-González, J., Di Bella, L., Odenthal, L., Hell, M., Lozar, B., ‘Annual Report on European SMEs 2023/2024’, Publications Office of the European Union, 2024. | 4 Katsinis, A., Lagüera-González, J., Di Bella, L., Odenthal, L., Hell, M., Lozar, B., ‘Annual Report on European SMEs 2023/2024’, Publications Office of the European Union, 2024. |
Or. en
Amendment 338
Markus Ferber
Motion for a resolution
Paragraph 16
| Motion for a resolution | Amendment |
| 16. Regrets that many European businesses end up using venture capitalists based in non-EU countries and settling in non-EU country markets to scale up their businesses; expresses concern over the growing number of SME failures in the EU4 ; | 16. Regrets that many European businesses end up using venture capitalists based in non-EU countries and settling in non-EU country markets to scale up their businesses; points out that this is also a reflection of a poor regulatory environment for small and innovative companies; expresses concern over the growing number of SME failures in the EU4 ; |
| _________________ | _________________ |
| 4 Katsinis, A., Lagüera-González, J., Di Bella, L., Odenthal, L., Hell, M., Lozar, B., ‘Annual Report on European SMEs 2023/2024’, Publications Office of the European Union, 2024. | 4 Katsinis, A., Lagüera-González, J., Di Bella, L., Odenthal, L., Hell, M., Lozar, B., ‘Annual Report on European SMEs 2023/2024’, Publications Office of the European Union, 2024. |
Or. en
Amendment 339
Danuše Nerudová
Motion for a resolution
Paragraph 16
| Motion for a resolution | Amendment |
| 16. Regrets that many European businesses end up using venture capitalists based in non-EU countries and settling in non-EU country markets to scale up their businesses; expresses concern over the growing number of SME failures in the EU4 ; | 16. Regrets that many European businesses rely on venture capital and growth-stage financing from non-EU investors often leading them to establish a primary listing, headquarters or commercial presence outside the EU; expresses concern over the persistent funding gap for scaling innovative firms and the increasing number of SME closures; |
| _________________ | |
| 4 Katsinis, A., Lagüera-González, J., Di Bella, L., Odenthal, L., Hell, M., Lozar, B., ‘Annual Report on European SMEs 2023/2024’, Publications Office of the European Union, 2024. |
Or. en
Amendment 340
Herbert Dorfmann
Motion for a resolution
Paragraph 16
| Motion for a resolution | Amendment |
| 16. Regrets that many European businesses end up using venture capitalists based in non-EU countries and settling in non-EU country markets to scale up their businesses; expresses concern over the growing number of SME failures in the EU4 ; | 16. Regrets that many European businesses end up using venture capitalists based in non-EU countries and settling in non-EU country markets to scale up their businesses; |
| _________________ | |
| 4 Katsinis, A., Lagüera-González, J., Di Bella, L., Odenthal, L., Hell, M., Lozar, B., ‘Annual Report on European SMEs 2023/2024’, Publications Office of the European Union, 2024. |
Or. en
Amendment 341
Billy Kelleher, Pascal Canfin, Stéphanie Yon-Courtin, Gilles Boyer
Motion for a resolution
Paragraph 16
| Motion for a resolution | Amendment |
| 16. Regrets that many European businesses end up using venture capitalists based in non-EU countries and settling in non-EU country markets to scale up their businesses; expresses concern over the growing number of SME failures in the EU4 ; | 16. Regrets that many European businesses end up using venture capitalists based in non-EU countries and settling in non-EU country markets to scale up their businesses due to the lack of scale-up financing in the EU; expresses concern over the growing number of SME failures in the EU4 ; |
| _________________ | _________________ |
| 4 Katsinis, A., Lagüera-González, J., Di Bella, L., Odenthal, L., Hell, M., Lozar, B., ‘Annual Report on European SMEs 2023/2024’, Publications Office of the European Union, 2024. | 4 Katsinis, A., Lagüera-González, J., Di Bella, L., Odenthal, L., Hell, M., Lozar, B., ‘Annual Report on European SMEs 2023/2024’, Publications Office of the European Union, 2024. |
Or. en
Amendment 342
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 16 a (new)
| Motion for a resolution | Amendment |
| 16 a. Recalls that the European Innovation Council (EIC) is a unique European funding programme designed to provide deep-tech start-ups with a one-stop shop for finance to enable them to develop their innovation from an early idea to a marketable product, as well as to scale-up the company; notes with interest the effort to complement InvestEU and the European Tech Champions Initiative to bridge the financing gap of deep tech scaleup companies, by making direct equity investment in the strategic sectors beyond the current logic of intervention under the EIC Accelerator; recalls the need of high transparency, integrity, avoidance of risks of conflicts of interest inherent to the corresponding logic of intervention; points out the concern that investing public taxpayer funds at potential lower due diligence standards or higher risk tolerance crowds out private investment, which may undermine the long-term prospect of start-ups and scale-ups in the Union; calls therefore on the Commission to set up a governance and design of the Scaleup Europe Fund that will ensure high public accountability, alignment with high ethical standards and European general interest, while crowding-in private investment; Considers that, on the long-term, developing a range of instruments intended to make direct equity investment in strategic sectors at Union level could be pivotal for Europe's technological sovereignty and strategic autonomy, and will require a shift in mentality and an evolution of the skillset within the EU institutions, to progressively embrace the mindset and attitude of benevolent and strategic investors; |
Or. en
Amendment 343
Tsvetelina Penkova, Jonás Fernández
Motion for a resolution
Paragraph 16 a (new)
| Motion for a resolution | Amendment |
| 16 a. Emphasises the challenges faced by European start-ups scale-ups in accessing financing, including difficulties in scaling up businesses quickly across Europe; recognises the needs of an investment ecosystem that addresses their needs while safeguarding financial stability; |
Or. en
Amendment 344
Markus Ferber
Motion for a resolution
Paragraph 16 a (new)
| Motion for a resolution | Amendment |
| 16 a. Highlights that a European marketplace for direct secondary transactions, that would allow for the trading of shares of late-stage and pre-IPO start-ups, would enhance the Union's financing ecosystem; |
Or. en
Amendment 345
Tsvetelina Penkova, Jonás Fernández
Motion for a resolution
Paragraph 16 b (new)
| Motion for a resolution | Amendment |
| 16 b. Highlights the significant impact that late payments have on cash flow for SME's, start-ups and scale-ups; notes that digital solutions can be used to facilitate increased invoice transparency and faster invoice payments; |
Or. en
Amendment 346
Tsvetelina Penkova, Jonás Fernández
Motion for a resolution
Paragraph 16 c (new)
| Motion for a resolution | Amendment |
| 16 c. Stresses that, in market economies, the primary mechanism to finance businesses’ capital needs, including those of start-ups and scale-ups, is via private debt and equity markets; urges the completion of the Capital Markets Union to mobilise private capital and improve the cross-border movement of such capital within the Union; calls for a comprehensive approach to address the regional disparities and barriers that impede access to finance within the European start-up and scale-up ecosystem, recognising the diverse financial landscapes across Member States and regions; |
Or. en
Amendment 347
Tsvetelina Penkova, Jonás Fernández
Motion for a resolution
Paragraph 16 d (new)
| Motion for a resolution | Amendment |
| 16 d. Calls on the Commission to support and facilitate the participation of innovative start- ups and scale-ups in EU funding programmes and to ensure better access to and application processes for EU funding programmes and tenders; recognises the current financial landscape, in which start-ups face difficulties in accessing targeted funding through grants, guarantees and loans; highlights the necessity of tailoring the existing EU funding structure to better address the needs of start-ups to ensure that relevant financial support is not subject to undue administrative burdens; |
Or. en
Amendment 348
Tsvetelina Penkova, Jonás Fernández
Motion for a resolution
Paragraph 16 e (new)
| Motion for a resolution | Amendment |
| 16 e. Encourages the Member States and the Commission to prioritise investments in digital infrastructure across urban and rural areas, by adopting a forward-thinking approach that supports the growth and sustainability of start-ups and scale-ups and bolstering Europe's digital leadership; |
Or. en
Amendment 349
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 17
| Motion for a resolution | Amendment |
| 17. Understands that mobilising European institutional investors, notably insurance companies and pension funds, is key to reducing the scale-up gap; notes that an increase in the share of venture capital funds in Europe is needed to provide more funding to scale-ups; | deleted |
Or. en
Amendment 350
Gaetano Pedulla'
Motion for a resolution
Paragraph 17
| Motion for a resolution | Amendment |
| 17. Understands that mobilising European institutional investors, notably insurance companies and pension funds, is key to reducing the scale-up gap; notes that an increase in the share of venture capital funds in Europe is needed to provide more funding to scale-ups; | deleted |
Or. en
Amendment 351
Dirk Gotink
Motion for a resolution
Paragraph 17
| Motion for a resolution | Amendment |
| 17. Understands that mobilising European institutional investors, notably insurance companies and pension funds, is key to reducing the scale-up gap; notes that an increase in the share of venture capital funds in Europe is needed to provide more funding to scale-ups; | 17. Understands that mobilising European institutional investors, notably insurance companies and pension funds, can potentially to reducing the scale-up gap; emphasises institutional investors, including pension funds, should be free to invest in the best interest of their pensioners and stakeholders, and that forcing investments to less profitable European projects and firms is unsustainable; notes that an increase in the share of venture capital funds in Europe is needed to provide more funding to scale-ups; calls on the Commission to encourage Member States with underdeveloped pension systems to develop supplementary (pillar 2) pension sectors, which could help build venture capital markets; |
Or. en
Amendment 352
Georgios Aftias
Motion for a resolution
Paragraph 17
| Motion for a resolution | Amendment |
| 17. Understands that mobilising European institutional investors, notably insurance companies and pension funds, is key to reducing the scale-up gap; notes that an increase in the share of venture capital funds in Europe is needed to provide more funding to scale-ups; | 17. Understands that mobilising European institutional investors, notably insurance companies and pension funds, is key to reducing the scale-up gap; notes that an increase in the share of venture capital funds in Europe is needed to provide more funding to scale-ups; to this end, urges the Commission and the Member States to expand the operational role of National Development Banks, enabling them to act as direct lenders to micro and small enterprises and not solely as financial intermediaries, in order to address persistent underinvestment and scale-up limitations in local economies; |
Or. en
Amendment 353
Arba Kokalari
Motion for a resolution
Paragraph 17
| Motion for a resolution | Amendment |
| 17. Understands that mobilising European institutional investors, notably insurance companies and pension funds, is key to reducing the scale-up gap; notes that an increase in the share of venture capital funds in Europe is needed to provide more funding to scale-ups; | 17. Understands that enabling and encouraging European institutional investors, notably insurance undertakings and occupational pension funds, to invest in equities is key to reducing the scale-up gap; acknowledges the benefits of higher allocations in equities and investment funds by insurers and occupational pensions funds, where financially sound; stresses the need to promote a favourable framework for venture capital financing and safe foreign direct investments in the EU; |
Or. en
Amendment 354
Markus Ferber
Motion for a resolution
Paragraph 17
| Motion for a resolution | Amendment |
| 17. Understands that mobilising European institutional investors, notably insurance companies and pension funds, is key to reducing the scale-up gap; notes that an increase in the share of venture capital funds in Europe is needed to provide more funding to scale-ups; | 17. Understands that mobilising European institutional investors that can serve as intermediaries between retail clients and investees, notably insurance companies and pension funds, is key to reducing the scale-up gap; notes that an increase in the share of venture capital funds in Europe is needed to provide more funding to scale-ups; calls on the European Commission to create a regulatory environment that promote equity investments by institutional investors; |
Or. en
Amendment 355
Billy Kelleher, Pascal Canfin, Stéphanie Yon-Courtin, Gilles Boyer
Motion for a resolution
Paragraph 17
| Motion for a resolution | Amendment |
| 17. Understands that mobilising European institutional investors, notably insurance companies and pension funds, is key to reducing the scale-up gap; notes that an increase in the share of venture capital funds in Europe is needed to provide more funding to scale-ups; | 17. Understands that mobilising European institutional investors, notably insurance companies, banks, and pension funds, is key to reducing the scale-up gap; notes the potential of venture capital, growth and private equity funds in providing more funding to SMEs and scale-ups and urges the Commission to consider measures to improve the investment environment for cross-border venture capital funds as part of its Savings and Investment Union; |
Or. en
Amendment 356
Marco Falcone
Motion for a resolution
Paragraph 17 a (new)
| Motion for a resolution | Amendment |
| 17a. Stresses that, in addition to ensuring the proper functioning of the internal market, State aid can be a strategic instrument for promoting the sustainable growth of the European productive fabric; calls, therefore, on the Commission to carefully assess the potential of State aid in creating conditions conducive to the development and resilience of small and medium-sized enterprises and scale-ups, especially in innovative and strategic sectors such as energy and technology, as well as in the less favoured and least developed regions of the EU; |
Or. it
Amendment 357
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 17 a (new)
| Motion for a resolution | Amendment |
| 17 a. Calls on the Commission to support the development of dedicated SME and scale-up growth markets to improve access to public equity markets for innovative companies and facilitate exits for investors; supports the creation of an EU-wide framework for SME and scale-up stock exchanges with simplified listing requirements and enhanced investor protections; urges the European Commission to create an EU Total Stock Market Fund to channel institutional investments into equity markets, including start-ups; |
Or. en
Amendment 358
Herbert Dorfmann
Motion for a resolution
Paragraph 17 a (new)
| Motion for a resolution | Amendment |
| 17 a. Asks the Commission and the European Securities and Markets Authority to ensure that the delegated and implementing acts of the Listing Package are as simple as possible and that burdens are minimised; recalls that the Listings Package was adopted in April 2024, to facilitate the listing of smaller companies; is concerned with the limitations protecting new shareholders that can be adopted at national discretion that may introduce obstacles to capital markets integration; |
Or. en
Amendment 359
Fernando Navarrete Rojas
Motion for a resolution
Paragraph 17 a (new)
| Motion for a resolution | Amendment |
| 17a. Underlines that equity is the main financing instrument for innovative and high-growth companies, particularly during the early and scale-up phases; recalls that the limited availability of venture capital in many Member States and the fragmentation of European capital markets limit the competitiveness of the EU’s business fabric; |
Or. es
Amendment 360
Markus Ferber
Motion for a resolution
Paragraph 17 a (new)
| Motion for a resolution | Amendment |
| 17 a. Highlight that initial public offerings (IPOs) are an important exit strategy for entrepreneurs; considers that a vibrant IPO market is a cornerstone for a well-functioning financing ecosystem that delivers for young and innovative companies; |
Or. en
Amendment 361
Markus Ferber
Motion for a resolution
Paragraph 17 b (new)
| Motion for a resolution | Amendment |
| 17 b. Recalls that accessing capital markets, including both debt and equity markets, entails significant costs for SMEs; highlights that the EU's listing framework must be flexible and proportionate; welcomes the adoption of the Listing Act and calls for its swift implementation; stresses that companies will only decided to list if disclosure, liability and administrative burdens are reasonable and manageable; points out that this also applies for follow-up requirements for listed companies; |
Or. en
Amendment 362
Fernando Navarrete Rojas
Motion for a resolution
Paragraph 17 b (new)
| Motion for a resolution | Amendment |
| 17b. Stresses that, in order to attract more venture capital and encourage investment in innovative companies, exit mechanisms for investors (exits to stock exchanges, cross-border acquisitions, etc.) need to be improved through a more harmonised and accessible European listing and merger framework; |
Or. es
Amendment 363
Markus Ferber
Motion for a resolution
Paragraph 17 c (new)
| Motion for a resolution | Amendment |
| 17 c. Notes that the recast of the Market in Financial Instruments Directive (MiFID II) provides for a dedicated category of SME Growth Markets that are supposed to cater for the specific needs of smaller companies; calls on the European Commission to further develop this instrument by providing a more flexible regulatory regime which fits the needs of small and mid-cap companies; |
Or. en
Amendment 364
Markus Ferber
Motion for a resolution
Paragraph 17 d (new)
| Motion for a resolution | Amendment |
| 17 d. Calls for a swift and ambitious review of the European venture capital funds (EuVECA) Regulation; stresses that such a review should include a widening the scope of investable assets and strategies; |
Or. en
Amendment 365
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 18
| Motion for a resolution | Amendment |
| 18. Encourages the Commission to strengthen co-investment platforms as a means to crowd in private investment; | deleted |
Or. en
Amendment 366
Gaetano Pedulla'
Motion for a resolution
Paragraph 18
| Motion for a resolution | Amendment |
| 18. Encourages the Commission to strengthen co-investment platforms as a means to crowd in private investment; | deleted |
Or. en
Amendment 367
Pascal Canfin, Stéphanie Yon-Courtin, Billy Kelleher, Gilles Boyer
Motion for a resolution
Paragraph 18
| Motion for a resolution | Amendment |
| 18. Encourages the Commission to strengthen co-investment platforms as a means to crowd in private investment; | 18. Encourages the Commission to strengthen co-investment platforms as a means to crowd in private investment; asks for the future European Tech-Champions Initiative 2.0 announced in the Commission's communication on the Savings and Investment Union to scale-up its financial means to support EU funding and listing of start-ups; |
Or. en
Amendment 368
Danuše Nerudová
Motion for a resolution
Paragraph 18
| Motion for a resolution | Amendment |
| 18. Encourages the Commission to strengthen co-investment platforms as a means to crowd in private investment; | 18. Encourages the Commission to strengthen co-investment platforms as a means to crowd in private investment; supports efforts to strengthen regionally anchored co-investment platforms and business angel networks as a means to improve access to equity for high-growth and innovation-driven SMEs, helping to address persistent early-stage financing gaps; |
Or. en
Amendment 369
Michalis Hadjipantela
Motion for a resolution
Paragraph 18 a (new)
| Motion for a resolution | Amendment |
| 18 a. Underlines that supporting SMEs is a key objective of the EIB Group; in this respect, highlights the need of adopting a more flexible risk assessment framework to also better support smaller-scale projects and enterprises, which are essential for enhancing competitiveness and fostering inclusive economic development across all Member States; stresses that greater access to credit, the creation of tailored financial instruments and targeted investments in SMEs can have a widespread positive impact by contributing to the Union's economic resilience; calls on the EIB to provide more funding in private investments; calls on the EIB Group to significantly increase the share of its annual financing allocated to private sector investments, recognising their vital role in driving economic growth, job creation, and technological advancement within the European Union; |
Or. en
Amendment 370
Herbert Dorfmann
Motion for a resolution
Paragraph 18 a (new)
| Motion for a resolution | Amendment |
| 18 a. Agrees with the Savings and Investments Union communication on the importance of EU-level public financial support for the funding of growth companies; in this respect, calls for a reorientation of EU funds with less programmes and more flexibility to shift money between priorities over time; recommends dedicated funding schemes for “scale-up technology companies”; |
Or. en
Amendment 371
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 18 a (new)
| Motion for a resolution | Amendment |
| 18 a. Urges the Commission revisit the IORP II Directive aiming to mobilising notably insurance and pension funds to, increase their investment share in venture capital funds in Europe to provide more funding to start-ups and scale-ups; the involvement of institutional investors is key to reducing the scale-up and investment gap in Europe; |
Or. en
Amendment 372
Michalis Hadjipantela
Motion for a resolution
Paragraph 18 b (new)
| Motion for a resolution | Amendment |
| 18 b. Welcomes the upcoming launch of the European Investment Bank's TechEU Platform and highlights its potential to address critical financing gaps faced by start-ups in the tech sector; calls on the EIB Group to ensure that the TechEU Platform will be widely accessible across all Member States, including through simplified procedures, to ensure it will attract talent, investment and capital across all EU Member States; |
Or. en
Amendment 373
Gaetano Pedulla'
Motion for a resolution
Paragraph 19
| Motion for a resolution | Amendment |
| 19. Highlights the importance of channelling citizens’ savings into productive investment instruments that can benefit SMEs and scale-ups; encourages the Commission to promote simple and secure retail investment channels and to eliminate regulatory disincentives; | deleted |
Or. en
Amendment 374
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 19
| Motion for a resolution | Amendment |
| 19. Highlights the importance of channelling citizens’ savings into productive investment instruments that can benefit SMEs and scale-ups; encourages the Commission to promote simple and secure retail investment channels and to eliminate regulatory disincentives; | deleted |
Or. en
Amendment 375
Markus Ferber
Motion for a resolution
Paragraph 19
| Motion for a resolution | Amendment |
| 19. Highlights the importance of channelling citizens’ savings into productive investment instruments that can benefit SMEs and scale-ups; encourages the Commission to promote simple and secure retail investment channels and to eliminate regulatory disincentives; | 19. Highlights the importance of channelling citizens’ savings into productive investment instruments that can benefit SMEs and scale-ups; points out that direct investments into SMEs and scale-ups are often difficult for retail investors for access and diversification reasons and that intermediaries such as insurance undertakings and pension funds play a key role here; |
Or. en
Amendment 376
Tsvetelina Penkova, Jonás Fernández
Motion for a resolution
Paragraph 19
| Motion for a resolution | Amendment |
| 19. Highlights the importance of channelling citizens’ savings into productive investment instruments that can benefit SMEs and scale-ups; encourages the Commission to promote simple and secure retail investment channels and to eliminate regulatory disincentives; | 19. Highlights the importance of channelling citizens’ savings into productive investment instruments that can benefit SMEs and scale-ups; encourages the Commission to promote simple and secure retail investment channels and to ensure that retail investors are adequately protected when taking investment decisions; |
Or. en
Amendment 377
Dirk Gotink
Motion for a resolution
Paragraph 19
| Motion for a resolution | Amendment |
| 19. Highlights the importance of channelling citizens’ savings into productive investment instruments that can benefit SMEs and scale-ups; encourages the Commission to promote simple and secure retail investment channels and to eliminate regulatory disincentives; | 19. Highlights the importance of creating the right conditions for citizens to channel their savings into productive investment instruments that can benefit SMEs and scale-ups; encourages the Commission to promote simple and secure retail investment products and to eliminate regulatory disincentives; |
Or. en
Amendment 378
Arba Kokalari
Motion for a resolution
Paragraph 19
| Motion for a resolution | Amendment |
| 19. Highlights the importance of channelling citizens’ savings into productive investment instruments that can benefit SMEs and scale-ups; encourages the Commission to promote simple and secure retail investment channels and to eliminate regulatory disincentives; | 19. Highlights the importance of increasing retail participation in capital markets, which can benefit SMEs and scale-ups; encourages the Commission to promote simple and secure retail investment channels and to eliminate regulatory disincentives; |
Or. en
Amendment 379
Marco Falcone
Motion for a resolution
Paragraph 19 a (new)
| Motion for a resolution | Amendment |
| 19a. Calls on the Commission and the European supervisory authorities to review the regulatory and prudential framework in financial matters with a view to improving access to bank credit for SMEs and scale-ups, ensuring a better balance between financial stability and supporting the real economy; underlines the crucial role played by 'local banks' and cooperative credit, deeply rooted in the local production fabric, in assessing the solidity of SMEs and in being close to their specific needs; calls for those actors to be valued and not penalised within the framework of European regulations, fostering a more inclusive and development-oriented financial system; |
Or. it
Amendment 380
Billy Kelleher, Pascal Canfin, Stéphanie Yon-Courtin, Gilles Boyer
Motion for a resolution
Paragraph 19 a (new)
| Motion for a resolution | Amendment |
| 19 a. Highlights the adoption of the Regulation establishing a European Single Access Point (ESAP) which will create an EU wide, easily searchable database of financial and non-financial reporting data, operational from 2027; Notes that the ESAP Regulation permits SMEs to voluntarily submit their financial and non-financial information to this centralised database, in order to increase their visibility towards potential investors; Encourages SMEs and start-ups to exercise this voluntary submission; |
Or. en
Amendment 381
Herbert Dorfmann
Motion for a resolution
Paragraph 19 a (new)
| Motion for a resolution | Amendment |
| 19 a. Welcomes the Commission’s intention, as outlined in the 28 May EU Startup and Scaleup Strategy, to develop a framework for intellectual property (IP) valuation for IP-backed financing; encourages the Commission to complement this by setting up a pan-European guarantee instrument for SMEs’ IP backed loans; considers such a guarantee instrument for consideration under the future 28th regime; |
Or. en
Amendment 382
Fernando Navarrete Rojas
Motion for a resolution
Paragraph 19 a (new)
| Motion for a resolution | Amendment |
| 19a. Recognises the potential of crowdfunding platforms and new technological tools, such as smart contracts and decentralised finance, to expand SMEs’ access to non-intermediated financing; calls on the Commission to revise its regulatory framework with an approach based on innovation and proportionate risk; |
Or. es
Amendment 383
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 19 a (new)
| Motion for a resolution | Amendment |
| 19 a. Calls for the acceleration of the development of EU venture capital (VC) and private equity markets by increasing the availability of funding for VC investments, developing larger late-stage VC funds, public programmes for VC and business angel investments, and active IPO markets for VC-backed companies; |
Or. en
Amendment 384
Danuše Nerudová
Motion for a resolution
Paragraph 19 a (new)
| Motion for a resolution | Amendment |
| 19 a. Urges the Commission and Member States to prioritise the development of pan-European investment platforms and cross-border financing instruments tailored to SMEs and scale-ups, especially those operating in innovation-driven and green sectors; |
Or. en
Amendment 385
Herbert Dorfmann
Motion for a resolution
Paragraph 19 b (new)
| Motion for a resolution | Amendment |
| 19 b. Notes that even national financing threshold, also applicable to smaller cooperative banks, can pose a financing limit to start-up enterprises; such limits or thresholds should be reviewed; |
Or. en
Amendment 386
Billy Kelleher, Pascal Canfin, Stéphanie Yon-Courtin, Gilles Boyer
Motion for a resolution
Paragraph 19 c (new)
| Motion for a resolution | Amendment |
| 19 c. Highlights the commitment made by the Commission President in her Political Guidelines for the next European Commission 2024-20291a , and reiterated in the mission letter to Commission Albuquerque1b, to working on risk-absorbing measures to crowd in private funding from commercial banks, investors and venture capital thereby expanding the financing opportunities for new or fast-growing innovative companies; | |
| _________________ | |
| 1a Speech delivered by President-elect Von Der Leyen, "Europe's Choice: Political Guidelines for the next Commission 2024-2029", delivered on 18 July 2024, Strasbourg https://commission.europa.eu/document/download/e6cd4328-673c-4e7a-8683-f63ffb2cf648_en?filename=Political%20Guidelines%202024-2029_EN.pdf | |
| 1b https://commission.europa.eu/document/download/ac06a896-2645-4857-9958-467d2ce6f221_en?filename=Mission%20letter%20-%20ALBUQUERQUE.pdf |
Or. en
Amendment 387
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 20
| Motion for a resolution | Amendment |
| 20. Emphasises that a more integrated innovation ecosystem, with networks of universities, start-ups, large enterprises and venture capitalists, underpinned by access to testing facilities and technology infrastructure, is instrumental in helping businesses scale up; | deleted |
Or. en
Amendment 388
Gaetano Pedulla'
Motion for a resolution
Paragraph 20
| Motion for a resolution | Amendment |
| 20. Emphasises that a more integrated innovation ecosystem, with networks of universities, start-ups, large enterprises and venture capitalists, underpinned by access to testing facilities and technology infrastructure, is instrumental in helping businesses scale up; | deleted |
Or. en
Amendment 389
Fernando Navarrete Rojas
Motion for a resolution
Paragraph 20
| Motion for a resolution | Amendment |
| 20. Emphasises that a more integrated innovation ecosystem, with networks of universities, start-ups, large enterprises and venture capitalists, underpinned by access to testing facilities and technology infrastructure, is instrumental in helping businesses scale up; | 20. Emphasises that a more integrated innovation ecosystem, with networks of universities, start-ups, large enterprises and venture capitalists, underpinned by access to testing facilities and technology infrastructure, is instrumental in helping businesses scale up; stresses also the added value of business communities that encourage the exchange of experiences, peer learning and the dissemination of good practices; highlights the role that entrepreneur forums, private accelerators and networks of mentors can play in supporting the growth of new business projects; |
Or. es
Amendment 390
Markus Ferber
Motion for a resolution
Paragraph 20
| Motion for a resolution | Amendment |
| 20. Emphasises that a more integrated innovation ecosystem, with networks of universities, start-ups, large enterprises and venture capitalists, underpinned by access to testing facilities and technology infrastructure, is instrumental in helping businesses scale up; | 20. Emphasises that a more integrated innovation ecosystem, with networks of universities, start-ups, large enterprises and venture capitalists, underpinned by access to testing facilities and technology infrastructure, is instrumental in helping businesses scale up; calls on the Commission and Member States to build on initiatives such as the Trusted Investors Network that aims to mobilise private capital at scale in support of Europe’s innovation ambitions; |
Or. en
Amendment 391
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 20 a (new)
| Motion for a resolution | Amendment |
| 20 a. Calls on the Commission to conduct a study and impact assessment of new ways of providing equity financing to those SMEs that are capable to benefit from it by virtue of their size or growth prospects; such a study should examine options like, among others, the creation of a public-private pan-European Initial Public Offering (IPO) Fund or the expansion of mezzanine financing; |
Or. en
Amendment 392
Anouk Van Brug, Billy Kelleher
Motion for a resolution
Paragraph 20 a (new)
| Motion for a resolution | Amendment |
| 20 a. Encourages Member States to expand participation in second-pillar pension schemes and to channel a share of these long-term assets into venture as well as growth capital funds, thereby creating a stable and constant domestic investor base for scaling companies, which may also be achieved through automatic enrolment; |
Or. en
Amendment 393
Pascal Canfin, Stéphanie Yon-Courtin, Gilles Boyer
Motion for a resolution
Paragraph 20 a (new)
| Motion for a resolution | Amendment |
| 20 a. Note that the future 28th regime initiative planned by the European Commission has the potential to simplify the work of private investors and attract more capital in European innovative start-ups and SMEs; |
Or. en
Amendment 394
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Subheading 5
| Motion for a resolution | Amendment |
| Reinforcement of a competitive ecosystem in the EU | deleted |
Or. en
Amendment 395
Gaetano Pedulla'
Motion for a resolution
Subheading 5
| Motion for a resolution | Amendment |
| Reinforcement of a competitive ecosystem in the EU | deleted |
Or. en
Amendment 396
Gaetano Pedulla'
Motion for a resolution
Paragraph 21
| Motion for a resolution | Amendment |
| 21. Considers that a competitive ecosystem in the EU must be composed of strong national markets and that national differences play an important role in fostering healthy competition between Member States and in incentivising them to keep their economies dynamic and attractive; | deleted |
Or. en
Amendment 397
Sirpa Pietikäinen
Motion for a resolution
Paragraph 21
| Motion for a resolution | Amendment |
| 21. Considers that a competitive ecosystem in the EU must be composed of strong national markets and that national differences play an important role in fostering healthy competition between Member States and in incentivising them to keep their economies dynamic and attractive; | deleted |
Or. en
Amendment 398
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 21
| Motion for a resolution | Amendment |
| 21. Considers that a competitive ecosystem in the EU must be composed of strong national markets and that national differences play an important role in fostering healthy competition between Member States and in incentivising them to keep their economies dynamic and attractive; | deleted |
Or. en
Amendment 399
Dirk Gotink
Motion for a resolution
Paragraph 21
| Motion for a resolution | Amendment |
| 21. Considers that a competitive ecosystem in the EU must be composed of strong national markets and that national differences play an important role in fostering healthy competition between Member States and in incentivising them to keep their economies dynamic and attractive; | deleted |
Or. en
Amendment 400
Tsvetelina Penkova, Jonás Fernández
Motion for a resolution
Paragraph 21
| Motion for a resolution | Amendment |
| 21. Considers that a competitive ecosystem in the EU must be composed of strong national markets and that national differences play an important role in fostering healthy competition between Member States and in incentivising them to keep their economies dynamic and attractive; | 21. Considers that a competitive ecosystem in the EU must be composed of strong national markets and that national differences play a role in fostering healthy competition between Member States on EU level while incentivising them to keep their economies dynamic and attractive; Underlines however that the EU’s capital market currently remains very fragmented along national borders, which creates inefficiencies and limits market operators from harnessing the full benefits of the Single Market and the scale effect of a more integrated market; |
Or. en
Amendment 401
Arba Kokalari
Motion for a resolution
Paragraph 21
| Motion for a resolution | Amendment |
| 21. Considers that a competitive ecosystem in the EU must be composed of strong national markets and that national differences play an important role in fostering healthy competition between Member States and in incentivising them to keep their economies dynamic and attractive; | 21. Considers that a competitive ecosystem in the EU must be composed of strong national markets and that national differences play an important role in fostering healthy competition between Member States and in incentivising them to keep their economies dynamic and attractive; calls on the Commission to develop solutions, whether legislative or non-legislative, building on best practices and the already well-developed and well-functioning markets in some Member States; |
Or. en
Amendment 402
Fernando Navarrete Rojas
Motion for a resolution
Paragraph 21
| Motion for a resolution | Amendment |
| 21. Considers that a competitive ecosystem in the EU must be composed of strong national markets and that national differences play an important role in fostering healthy competition between Member States and in incentivising them to keep their economies dynamic and attractive; | 21. Considers that a competitive ecosystem in the EU should build on strong national markets, but stresses that they should not become barriers to efficient cross-border capital allocation nor a justification for prioritising the geographical origin of capital; insists that SMEs’ access to finance should be guided by the criteria of efficiency, scalability and risk profile; |
Or. es
Amendment 403
Anouk Van Brug, Billy Kelleher, Stéphanie Yon-Courtin, Gilles Boyer
Motion for a resolution
Paragraph 21
| Motion for a resolution | Amendment |
| 21. Considers that a competitive ecosystem in the EU must be composed of strong national markets and that national differences play an important role in fostering healthy competition between Member States and in incentivising them to keep their economies dynamic and attractive; | 21. Considers that a competitive ecosystem in the EU is composed of strong markets and that healthy competition incentivises companies to innovate and keep economies dynamic and attractive; |
Or. en
Amendment 404
Danuše Nerudová
Motion for a resolution
Paragraph 21
| Motion for a resolution | Amendment |
| 21. Considers that a competitive ecosystem in the EU must be composed of strong national markets and that national differences play an important role in fostering healthy competition between Member States and in incentivising them to keep their economies dynamic and attractive; | 21. Considers that a competitive European ecosystem should build on the strength of dynamic; underlines that regulatory diversity, when balanced with interoperability and common standards, can foster healthy competition between Member States and in incentivise innovation and investment at national level; |
Or. en
Amendment 405
Herbert Dorfmann
Motion for a resolution
Paragraph 21
| Motion for a resolution | Amendment |
| 21. Considers that a competitive ecosystem in the EU must be composed of strong national markets and that national differences play an important role in fostering healthy competition between Member States and in incentivising them to keep their economies dynamic and attractive; | 21. Considers that a competitive ecosystem in the EU must be composed of a strong internal market while national differences play an important role in fostering healthy competition between Member States and in incentivising them to keep their economies dynamic and attractive; |
Or. en
Amendment 406
Tsvetelina Penkova, Jonás Fernández
Motion for a resolution
Paragraph 21 a (new)
| Motion for a resolution | Amendment |
| 21 a. Welcomes the creation of the European Innovation Council (EIC), which aims to support, through grants and financial instruments, innovative start-ups and scale-ups; calls for the EIC Fund to pay special attention to geographical balance; welcomes the EIC widening action plan and the overall goal of increasing the participation of widening countries to a share of at least 15 % of funding across all EIC instruments, as recommended by the EIC Board; calls on the Commission to fully implement the actions recommended by the EIC Board in order to ensure that the EIC Fund has a truly European impact; |
Or. en
Amendment 407
Marlena Maląg
on behalf of the ECR Group
Motion for a resolution
Paragraph 21 a (new)
| Motion for a resolution | Amendment |
| 21 a. Recognises the benefits of tax incentives and healthy tax competition, especially in the area of innovation and new technologies; emphasises that tax competition is different from harmful tax practices and must be based on clear, transparent and fair rules; |
Or. en
Amendment 408
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 21 a (new)
| Motion for a resolution | Amendment |
| 21 a. Stresses the need for a pan-European retail investment product to mobilise household savings for productive investment in SMEs and scale-ups, calls for harmonised rules to facilitate cross-border investment and the development of SME-focused growth markets; |
Or. en
Amendment 409
Herbert Dorfmann
Motion for a resolution
Paragraph 21 a (new)
| Motion for a resolution | Amendment |
| 21 a. Ask the Commission to study the possibilities of measures that can encourage the participation of smaller banks in alternative financing instruments, such as venture capital and private equity funds; |
Or. en
Amendment 410
Tsvetelina Penkova, Jonás Fernández
Motion for a resolution
Paragraph 21 b (new)
| Motion for a resolution | Amendment |
| 21 b. Highlights the need for the European Innovation Council to be a credible market actor; recalls that EIC investments should aim to ‘crowd in’ private investors rather than crowding them out; calls for, in the light of the EIC’s increasing activity, a clear strategy on the management of the EIC Fund, including with regard to the methods and criteria for capital allocation and the evaluation of the fund managers' performance; appreciates the high-quality due diligence performed by the European Investment Bank (EIB) and urges the Commission to ensure that this quality is maintained, in line with market standards; |
Or. en
Amendment 411
Tsvetelina Penkova, Jonás Fernández
Motion for a resolution
Paragraph 21 c (new)
| Motion for a resolution | Amendment |
| 21 c. Encourages the European Investment Bank (EIB) Group, including the European Investment Fund, and national development banks to explore financial support to SMEs, start-ups and scale-ups, including those operating in emerging and high-potential sectors, in particular in the fields of EU energy and climate resilience and the digital transformation; observes that many start-ups are not sufficiently aware of the EIB’s offerings and underlines that better communication and outreach efforts from the EIB are essential to ensuring that start-ups and scale-ups can fully benefit from EIB instruments and financial support; |
Or. en
Amendment 412
Tsvetelina Penkova, Jonás Fernández
Motion for a resolution
Paragraph 21 d (new)
| Motion for a resolution | Amendment |
| 21 d. Recognises, in particular, that the EIB Group plays a crucial role in providing financial instruments and resources to support clean-tech start-ups and scale-ups and SMEs across the Union; encourages dedicated EIB loan support for SMEs, start-ups and scale-ups engaged in the green and digital transitions to address the funding gap for investments in infrastructure and manufacturing capacity; |
Or. en
Amendment 413
Tsvetelina Penkova, Jonás Fernández
Motion for a resolution
Paragraph 21 e (new)
| Motion for a resolution | Amendment |
| 21 e. Acknowledges that, according to the European Patent Office’s Deep Tech Finder, more than 10 % of the European start-ups that have applied for European patents have already benefited from EIC funding; is convinced of the need to raise awareness of the importance of intellectual property; is of the view that the Unitary Patent reform is a good example that aims to provide uniform protection across all participating countries, on a one-stop-shop basis, by reducing administrative burdens and securing consistency in case-law; calls on the Member States that have not yet ratified the Unified Patent Court Agreement to do so for the benefit of the start-up ecosystem. So far, more than 35 % of applicants that have requested a unitary patent are SMEs, compared to 20 % for ordinary European patents; |
Or. en
Amendment 414
Tsvetelina Penkova, Jonás Fernández
Motion for a resolution
Paragraph 21 f (new)
| Motion for a resolution | Amendment |
| 21 f. Acknowledges that compared to obtaining multiple single patents, the Unitary patent, valid in all participating member states, offers a significant cost reduction of circa 30% for the applicants. Currently, the cost for obtaining the unitary patent valid for all 18 participating Member States is equivalent for obtaining a patent in four different Member States, before introducing the unitary patent in 2023; |
Or. en
Amendment 415
Tsvetelina Penkova, Jonás Fernández
Motion for a resolution
Paragraph 21 g (new)
| Motion for a resolution | Amendment |
| 21 g. Is convinced that creating the conditions for innovative businesses to operate in a simple, clear and predictable environment is key to securing their ability to grow and scale-up in the single market, as the opportunity to access a wider market will increase their ability to attract investors; stresses the importance of policy frameworks that facilitate and support collaboration, by removing hurdles resulting from inconsistent national regulatory regimes and providing the necessary incentives to promote active participation from all stakeholders within the innovation ecosystem; calls for mechanisms to mitigate risks associated with international expansion to ensure that start-ups, scale-ups and SME's have the necessary support and guidance to navigate the uncertainties inherent in global markets; |
Or. en
Amendment 416
Tsvetelina Penkova, Jonás Fernández
Motion for a resolution
Paragraph 21 h (new)
| Motion for a resolution | Amendment |
| 21 h. Welcomes the appointment of an EU SME envoy; further emphasises the need for this envoy to undertake a comprehensive analysis and issue periodic reports on the status of European start-ups and scale-ups, encompassing their daily hurdles and predicaments; encourages the Commission to appoint start-up and scale-up contact points in relevant directorates-general to better coordinate dedicated policies; calls on the Commission to establish a dedicated network of advisers for scale-ups as part of the Enterprise Europe Network; |
Or. en
Amendment 417
Tsvetelina Penkova, Jonás Fernández
Motion for a resolution
Paragraph 21 i (new)
| Motion for a resolution | Amendment |
| 21 i. Emphasises the fundamental importance of creating an inclusive start-up, scale-up and SME ecosystem that provides equal-opportunity jobs for all, including young people, established professionals and underrepresented groups; calls on the Commission and the Member States to put forward proactive initiatives and policies that actively promote inclusivity, by addressing systemic barriers, biases and prejudices and by fostering a level playing field for underrepresented groups; encourages the development of relevant mentorship programmes, networking opportunities and educational and other initiatives that specifically target underrepresented groups; |
Or. en
Amendment 418
Tsvetelina Penkova, Jonás Fernández
Motion for a resolution
Paragraph 21 j (new)
| Motion for a resolution | Amendment |
| 21 j. Recommends regional start-up ecosystems that bring together local, universities, entrepreneurs, companies and public sector entities be strengthened, including via innovation hubs, incubators, accelerators and venture builders, to leverage each region’s strengths and resources; |
Or. en
Amendment 419
Gaetano Pedulla'
Motion for a resolution
Paragraph 22
| Motion for a resolution | Amendment |
| 22. Urges the Commission to focus on enabling conditions for markets, relevant common denominators for Member States and voluntary and complementary frameworks, in respect of subsidiarity; | deleted |
Or. en
Amendment 420
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 22
| Motion for a resolution | Amendment |
| 22. Urges the Commission to focus on enabling conditions for markets, relevant common denominators for Member States and voluntary and complementary frameworks, in respect of subsidiarity; | deleted |
Or. en
Amendment 421
Jonás Fernández, Tsvetelina Penkova
Motion for a resolution
Paragraph 22
| Motion for a resolution | Amendment |
| 22. Urges the Commission to focus on enabling conditions for markets, relevant common denominators for Member States and voluntary and complementary frameworks, in respect of subsidiarity; | deleted |
Or. en
Amendment 422
Dirk Gotink
Motion for a resolution
Paragraph 22
| Motion for a resolution | Amendment |
| 22. Urges the Commission to focus on enabling conditions for markets, relevant common denominators for Member States and voluntary and complementary frameworks, in respect of subsidiarity; | deleted |
Or. en
Amendment 423
Markus Ferber
Motion for a resolution
Paragraph 22
| Motion for a resolution | Amendment |
| 22. Urges the Commission to focus on enabling conditions for markets, relevant common denominators for Member States and voluntary and complementary frameworks, in respect of subsidiarity; | 22. Urges the Commission to focus on the removal of single market barriers, enabling harmonized framework conditions for markets and relevant common denominators for Member States and voluntary and complementary frameworks and in respect of subsidiarity and the principle of self-restraint; |
Or. en
Amendment 424
Anouk Van Brug, Billy Kelleher, Stéphanie Yon-Courtin, Gilles Boyer
Motion for a resolution
Paragraph 22
| Motion for a resolution | Amendment |
| 22. Urges the Commission to focus on enabling conditions for markets, relevant common denominators for Member States and voluntary and complementary frameworks, in respect of subsidiarity; | 22. Urges the Commission to focus on enabling conditions for markets, relevant common denominators for Member States and voluntary and complementary frameworks, in addition to its initiatives to develop the Savings and Investment Union; |
Or. en
Amendment 425
Sirpa Pietikäinen
Motion for a resolution
Paragraph 22
| Motion for a resolution | Amendment |
| 22. Urges the Commission to focus on enabling conditions for markets, relevant common denominators for Member States and voluntary and complementary frameworks, in respect of subsidiarity; | 22. Urges the Commission to focus on enabling conditions for markets, relevant common denominators for Member States and voluntary and complementary frameworks; |
Or. en
Amendment 426
Marco Falcone
Motion for a resolution
Paragraph 22 a (new)
| Motion for a resolution | Amendment |
| 22a. Calls strongly for the adoption of a comprehensive and structured strategy at EU level to support small and medium-sized enterprises located in island areas, inland areas and outermost regions, in economically depressed areas and all parts of the EU grappling with permanent natural challenges such as insularity and outlying geographical positions; stresses the need to ensure greater regulatory flexibility and reduced red tape for businesses operating in these areas, with a particular focus on the EU’s island and more fragile environments. |
Or. it
Amendment 427
Michalis Hadjipantela
Motion for a resolution
Paragraph 22 a (new)
| Motion for a resolution | Amendment |
| 22 a. Calls on the European Commission to develop and implement targeted financial instruments tailored to the needs of smaller economies and enterprises, ensuring equitable access to funding opportunities; emphasises that such initiatives should aim to stimulate innovation, support sustainable economic growth, and reduce disparities in investment across the Union, thereby contributing to the overall competiveness and resilience of the European economy; |
Or. en
Amendment 428
Danuše Nerudová
Motion for a resolution
Paragraph 22 a (new)
| Motion for a resolution | Amendment |
| 22 a. Encourages the preservation of harmonized enforcement mechanisms and minimum standards for sanctions across Member States to ensure legal certainty for SMEs operating cross-border in the Single Market; |
Or. en
Amendment 429
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 22 a (new)
| Motion for a resolution | Amendment |
| 22 a. Calls for the removal of barriers to cross-border investment and the strengthening of the Capital Markets Union to facilitate SME access to both equity and debt markets; |
Or. en
Amendment 430
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 23
| Motion for a resolution | Amendment |
| 23. Calls on the Commission to clarify what the 28th legal regime will consist of and recalls that it must be voluntary and fully respect Member States’ regimes; | deleted |
Or. en
Amendment 431
Gaetano Pedulla'
Motion for a resolution
Paragraph 23
| Motion for a resolution | Amendment |
| 23. Calls on the Commission to clarify what the 28th legal regime will consist of and recalls that it must be voluntary and fully respect Member States’ regimes; | deleted |
Or. en
Amendment 432
Michalis Hadjipantela
Motion for a resolution
Paragraph 23
| Motion for a resolution | Amendment |
| 23. Calls on the Commission to clarify what the 28th legal regime will consist of and recalls that it must be voluntary and fully respect Member States’ regimes; | 23. Welcomes the Letta Report and the reference to a voluntary 28th regime that will focus on attracting and retaining innovative start-ups in the European Union; stresses that the regime should respect the principle of subsidiarity, lower compliance costs, foster cross-border investment, and feature tax rules that are attractive, simple, and minimise distortions while maintaining the fight against tax evasion; emphasises that adherence to these principles is key to making the EU a leading hub for investment and innovation; |
Or. en
Amendment 433
Dirk Gotink
Motion for a resolution
Paragraph 23
| Motion for a resolution | Amendment |
| 23. Calls on the Commission to clarify what the 28th legal regime will consist of and recalls that it must be voluntary and fully respect Member States’ regimes; | 23. Calls on the Commission to clarify what the 28th legal regime will consist of and to assess the potential uptake and impact of such a regime; believes that the Commission should not endlessly pursue an EU27-approach for the Savings and Investments Union, as it is too important for EU competitiveness to postpone; stresses that it should be possible to advance the Savings and Investments Union with a smaller group of Member States, or a coalition of the willing; |
Or. en
Amendment 434
Isabel Benjumea Benjumea
Motion for a resolution
Paragraph 23
| Motion for a resolution | Amendment |
| 23. Calls on the Commission to clarify what the 28th legal regime will consist of and recalls that it must be voluntary and fully respect Member States’ regimes; | 23. Calls on the Commission to clarify what the 28th legal regime will consist of and recalls that it must be voluntary and fully respect Member States’ regimes; recalls in this regard that the private sector is key to development and that it should therefore be a priority to listen to its needs in order not to create greater burdens or legislative uncertainty; |
Or. es
Amendment 435
Fernando Navarrete Rojas
Motion for a resolution
Paragraph 23
| Motion for a resolution | Amendment |
| 23. Calls on the Commission to clarify what the 28th legal regime will consist of and recalls that it must be voluntary and fully respect Member States’ regimes; | 23. Calls on the Commission to clarify what the 28th regime will consist of and to explore further the added value it can bring to the creation of a more harmonised SME finance ecosystem that is attractive to European and foreign capital investment; |
Or. es
Amendment 436
Pascal Canfin, Stéphanie Yon-Courtin, Gilles Boyer
Motion for a resolution
Paragraph 23
| Motion for a resolution | Amendment |
| 23. Calls on the Commission to clarify what the 28th legal regime will consist of and recalls that it must be voluntary and fully respect Member States’ regimes; | 23. Calls on the Commission to adopt an ambitious proposal on the 28th regime to help start-ups to become European tech champions and boost their global competitiveness; |
Or. en
Amendment 437
Jonás Fernández
Motion for a resolution
Paragraph 23
| Motion for a resolution | Amendment |
| 23. Calls on the Commission to clarify what the 28th legal regime will consist of and recalls that it must be voluntary and fully respect Member States’ regimes; | 23. Calls on the Commission to clarify what the 28th legal regime could consist of and warns about the risk of fragmentation it could entail; |
Or. en
Amendment 438
Anouk Van Brug, Billy Kelleher, Stéphanie Yon-Courtin, Gilles Boyer
Motion for a resolution
Paragraph 23
| Motion for a resolution | Amendment |
| 23. Calls on the Commission to clarify what the 28th legal regime will consist of and recalls that it must be voluntary and fully respect Member States’ regimes; | 23. Calls on the Commission to clarify what the 28th legal regime will consist of and recalls that it must add clear added value on EU level; |
Or. en
Amendment 439
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 23 a (new)
| Motion for a resolution | Amendment |
| 23 a. Highlights that the European Investment Bank (EIB) has a decisive role to play in developing EU venture capital markets; Calls on the Commission and the EIB group to take action to foster institutional investors involvement in venture-capital by helping them building expertise in venture-capital; Calls therefore the EIB Group to create an European Tech Forum, gathering all the enture capital ecosystem, to enhance outreach and engagement with institutional investors on the model of the “Tibi” Initiative; calls the EIB to offer possibilities for such investors to opt in in a co-investment scheme between the European Investment Fund (EIF) and institutional investors, under transparent and pre-agreed terms; underlines that better communication and outreach efforts from the EIB are essential to ensuring that start-ups and scale-ups fully benefit from EIB instruments and financial support; |
Or. en
Amendment 440
Herbert Dorfmann
Motion for a resolution
Paragraph 23 a (new)
| Motion for a resolution | Amendment |
| 23 a. Calls on the Commission to streamline national rules on venture capital fund marketing and investor protection; acknowledges that national legislation and practices are difficult to change; proposes to make use of the future 28th regime to integrate a pan-European venture capital framework as part of it; |
Or. en
Amendment 441
Gaetano Pedulla'
Motion for a resolution
Paragraph 24
| Motion for a resolution | Amendment |
| 24. Calls on the Commission, with the support of Member State authorities, to develop business guidelines for SMEs and scale-ups in order to help them navigate different legal systems across the EU on matters such as corporate law, labour law, insolvency law, tax law, intellectual property rights and national funding possibilities; | deleted |
Or. en
Amendment 442
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 24
| Motion for a resolution | Amendment |
| 24. Calls on the Commission, with the support of Member State authorities, to develop business guidelines for SMEs and scale-ups in order to help them navigate different legal systems across the EU on matters such as corporate law, labour law, insolvency law, tax law, intellectual property rights and national funding possibilities; | deleted |
Or. en
Amendment 443
Gilles Boyer, Billy Kelleher, Stéphanie Yon-Courtin, Pascal Canfin, Anouk Van Brug
Motion for a resolution
Paragraph 24
| Motion for a resolution | Amendment |
| 24. Calls on the Commission, with the support of Member State authorities, to develop business guidelines for SMEs and scale-ups in order to help them navigate different legal systems across the EU on matters such as corporate law, labour law, insolvency law, tax law, intellectual property rights and national funding possibilities; | 24. Calls on the Commission, with the support of Member State authorities, to develop business guidelines for SMEs and scale-ups in order to help them navigate different legal systems across the EU on matters such as corporate law, labour law, insolvency law, tax law, intellectual property rights and national funding possibilities, while awaiting convergence at EU level concerning the current fragmentation of insolvency laws between Member States; calls on the Commission to urgently tackle this significant problem, as underlined in the Draghi and Letta reports, and underlines the important role that this would play in creating a Savings and Investment Union; |
Or. en
Amendment 444
Danuše Nerudová
Motion for a resolution
Paragraph 24
| Motion for a resolution | Amendment |
| 24. Calls on the Commission, with the support of Member State authorities, to develop business guidelines for SMEs and scale-ups in order to help them navigate different legal systems across the EU on matters such as corporate law, labour law, insolvency law, tax law, intellectual property rights and national funding possibilities; | 24. Calls on the Commission, with the support of Member State authorities, to develop business guidelines for SMEs and scale-ups in order to help them navigate different legal systems across the EU on matters such as corporate law, labour law, insolvency law, tax law, intellectual property rights and national funding possibilities; calls for increased support to strengthen SMEs’ digital, financial and sustainability-related capacities, including through advisory hubs, simplified guidance tools, online navigation platforms, and cross-border training programs; |
Or. en
Amendment 445
Markus Ferber
Motion for a resolution
Paragraph 24
| Motion for a resolution | Amendment |
| 24. Calls on the Commission, with the support of Member State authorities, to develop business guidelines for SMEs and scale-ups in order to help them navigate different legal systems across the EU on matters such as corporate law, labour law, insolvency law, tax law, intellectual property rights and national funding possibilities; | 24. Calls on the Commission, with the support of Member State authorities, to develop business guidelines for SMEs and scale-ups and create one-stop-shops for those companies in order to help them navigate different legal systems across the EU on matters such as corporate law, labour law, insolvency law, tax law, intellectual property rights and national funding possibilities; |
Or. en
Amendment 446
Dirk Gotink
Motion for a resolution
Paragraph 24
| Motion for a resolution | Amendment |
| 24. Calls on the Commission, with the support of Member State authorities, to develop business guidelines for SMEs and scale-ups in order to help them navigate different legal systems across the EU on matters such as corporate law, labour law, insolvency law, tax law, intellectual property rights and national funding possibilities; | 24. Calls on the Commission to identify relevant aspects in Member States’ corporate law, insolvency law and intellectual property rights that could feasibly be better aligned in the medium term and would have clear added benefit in terms of competitiveness; |
Or. en
Amendment 447
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 24 a (new)
| Motion for a resolution | Amendment |
| 24 a. Recommends that the European Investment Fund (EIF) publishes in an anonymised way detailed data on returns and other key statistics on the funds supported by the EIF; calls for an increase of the budget of the EIF to enhance the EU venture capital ecosystem, in line with the Draghi report recommendation; Calls on the EIF to increase the proportion of its investments that have a positive impact on the environment and to set and enforce strict sustainability conditions; asks the EIF to lead by example and require its financial intermediaries to review and verify that human rights are respected throughout their supply chains; Encourages, the EIF and national development banks to increase financial support to start-ups and scale-ups, through the provision of loan guarantees and the de-risking of manufacturing scale-ups through manufacturing guarantees; |
Or. en
Amendment 448
Lídia Pereira
Motion for a resolution
Paragraph 24 a (new)
| Motion for a resolution | Amendment |
| 24 a. Calls on the Council to provide legal certainty, security and predictability to economic agents by unlocking legal instruments that can help to improve the business environment in Europe, namely in the area of tax policy (HOT, FASTER or SAFE, for example); calls the Commission to assess the several legislative initiatives that can create unnecessary burden on companies, namely SMEs, to withdraw the proposals; |
Or. en
Amendment 449
Pascal Canfin, Stéphanie Yon-Courtin, Billy Kelleher
Motion for a resolution
Paragraph 24 a (new)
| Motion for a resolution | Amendment |
| 24 a. Calls on the Commission, in its review of public procurement rules, to consider the strategic role of public procurement for the financial development of European start-ups and SMEs and to better take into account crieria related to innovation, sustainability and sovereignty; |
Or. en
Amendment 450
Danuše Nerudová
Motion for a resolution
Paragraph 24 a (new)
| Motion for a resolution | Amendment |
| 24 a. Calls on the Commission to improve SME access-to-finance monitoring tools, including the development of EU-wide indicators and dashboards to track financing gaps and evaluate the impact of financial instruments; |
Or. en
Amendment 451
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 25
| Motion for a resolution | Amendment |
| 25. Instructs its President to forward this resolution to the Council and the Commission. | deleted |
Or. en
Amendment 452
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 25 a (new)
| Motion for a resolution | Amendment |
| 25 a. Recalls that the European Innovation Council (EIC) is a new and unique European funding programme designed to provide deep-tech start-ups with a one-stop shop for finance to enable them to develop their innovation from an early idea to a marketable product, as well as to scale up the company; welcomes the EIC’s increased budget allocation, as well as the expanded scope of its equity activities, under the proposal for a strategic technologies for Europe platform; encourages the Commission to earmark a portion of the proposed strategic technologies for Europe platform specifically for SMEs; |
Or. en
Amendment 453
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 25 b (new)
| Motion for a resolution | Amendment |
| 25 b. Calls on the Commission to facilitate the participation of start-ups and scale-ups in EU funding programmes; calls on the Commission to ensure that the Competitiveness Fund will fairly support the emergence of newcomers; |
Or. en
Amendment 454
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 25 c (new)
| Motion for a resolution | Amendment |
| 25 c. Urges the Commission to enhance the funding mechanisms for start-ups and scale-ups, including public procurement and the provision of grants, loans, guarantees, while taking care not to crowd out private investment; calls on the Commission to act as launch-customer by dedicating a share of its own procurement to European scale-ups; |
Or. en
Amendment 455
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 25 d (new)
| Motion for a resolution | Amendment |
| 25 d. Notes with concern the proposals put forward for stimulating securitisation by alleviating regulatory due diligence, capital and liquidity requirements, leading to further deviation from the Basel III framework; warns that this would endanger financial stability and amplify systemic risks, without any added value for the real economy; recalls that the European Supervisory Authorities' (ESAs) Joint Committee report 2022 concluded that “recalibrating the securitisation capital framework for banks would not be a solution that would ensure the revival of the securitisation market”; stresses that the homogeneity criterion is of paramount importance to consider a securitisation to be considered Simple, Transparent and Standardised (STS); Reminds that the bulk of the securitisation is composed of Mortgage-Based Securities (MBS); Is therefore sceptical that fostering the development of securitisation market will lead to increase lending to SMEs; |
Or. en
Amendment 456
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 25 e (new)
| Motion for a resolution | Amendment |
| 25 e. Urges the Commission to rapidly propose a harmonised legal framework for cross-border business operations, including digital company formation, insolvency, labour, and tax law to establish, operate, hire across borders and scale more easily across EU-borders; reminds the Commission that for such a framework to be successful, a concerted and ambitious effort has to be undertaken involving all stakeholders, especially start-ups and scale-ups and Member States to raise the awareness and popularity of such “28th Regime”; calls for its swift implementation to provide an attractive, well-functioning and accepted alternative to the current fragmented regulatory landscape; recommends that the 28th regime prioritises digital-by-default solutions, "once-only" reporting, and regulatory sandboxes for innovation, and include specific provisions for SMEs, scale-ups, and small mid-caps; |
Or. en
Amendment 457
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 25 f (new)
| Motion for a resolution | Amendment |
| 25 f. Emphasises that a more integrated innovation ecosystem, with networks of universities, start-ups, large enterprises and venture capitalists, underpinned by access to testing facilities and technology infrastructure, is instrumental in helping businesses scale up; calls for the harmonisation of employee stock option taxation and the creation of a European Startup Visa to attract and retain non-EU innovators and professionals; |
Or. en
Amendment 458
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 25 g (new)
| Motion for a resolution | Amendment |
| 25 g. Believes that innovative companies could benefit from a single set of EU-wide rules, especially in the area of taxation; recalls that SMEs face significant fiscal challenges on account of complex tax regulations and fragmented tax systems, which impose high administrative burdens and compliance costs, hindering their growth and innovation; urges the Commission to explore solutions that simplify tax procedures and reduce compliance costs whilst assessing why the proposed directive establishing a Head Office Tax System (HOT) for SMEs has not been met with great enthusiasm in the Council; |
Or. en
Amendment 459
Damian Boeselager
on behalf of the Verts/ALE Group
Motion for a resolution
Paragraph 25 h (new)
| Motion for a resolution | Amendment |
| 25 h. Instructs its President to forward this resolution to the Council and the Commission. |
Or. en