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23 Mar 2015

EESC welcomes Investment Plan support for SMEs

The European Economic and Social Committee (EESC) welcomed the European Commission's Investment Plan at its plenary session on 19 March 2015.

The investment package was presented to the EESC by Mr Jyrki Katainen, EC Vice-President for Jobs, Growth, Investment and Competitiveness, who then discussed the EESC opinion on the Investment Plan with the EESC plenary. Despite the fact that the EESC still sees serious questions needing to be asked about the plan's size and timescale, the degree of leverage and the flow of suitable projects, it regards the Investment Plan overall as a step in the right direction and a practical way to achieve the European Commission's growth and jobs objectives.

The plenary welcomed in particular Mr Katainen's announcement that € 75 million would be made available to SMEs in late April 2015 under the European Fund for Strategic Investment (EFSI). EESC president Henri Malosse said: "The EU investment plan is a welcome step forward as it focuses on growth and employment. The availability of funds for SMEs in April is therefore good news. I would also stress the importance of informing and involving people on the ground, and in particular SMEs, about those developments."

For more information: EESC press release

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