Author : European Court of Auditors
Publisher :
ISBN 13 :
Total Pages : 66 pages
Book Rating : 4.:/5 (318 download)
Book Synopsis Financial Instruments for SMEs Co-financed by the European Regional Development Fund by : European Court of Auditors
Download or read book Financial Instruments for SMEs Co-financed by the European Regional Development Fund written by European Court of Auditors and published by . This book was released on 2012 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Small and medium-sized enterprises are the backbone of the EU's economy, generating employment, innovation and wealth. The court audited the performance of the cohesion policy's financial instruments facilitating their access to finance. The court found that the effectiveness and efficiency of these instruments were hampered by important shortcomings, mainly due to the inappropriateness of the current structural funds regulations, insufficient quality of needs assessments and widespread delays in their implementation. Finally, the ability to leverage in private investments was poor as compared with other EU programmes for SMEs."--P. [4] of cover.