On the basis of available data sources on bank debt finance and SMEs, the ex ante assessment shall cover, inter alia, an analysis of the SME financing needs at Union level, SME financing conditions and needs as well as an indication of the SME financing gap in each Member State, a profile of the economic and financial situation of the SME sector at Member State level, minimum critical mass of aggregate contributions, a range of estimated total loan vol ...[+++]ume generated by such contributions, and the added value.

On the basis of available data sources on bank debt finance and SMEs, the ex ante assessment shall cover, inter alia, an analysis of the SME financing needs at Union level, SME financing conditions and needs as well as an indication of the SME financing gap in each Member State, a profile of the economic and financial situation of the SME sector at Member State level, minimum critical mass of aggregate contributions, a range of estimated total loan vol ...[+++]ume generated by such contributions, and the added value.

The increased financing needs of the government have resulted in the public sector absorbing a large part of the available financing, thus ruling out the private sector and adversely affecting the economy’s growth prospects.

22. Emphasises that access to resources for SMEs, micro enterprises and entrepreneurs is crucial to increasing RD, developing new technologies and getting innovative solutions to the market; in this regard stresses the need for both early stage funding and ongoing funding of sufficiently long duration; highlights, however, that the present venture capital system does not meet the funding needs of the target group, particularly as regards non-technological innovation; calls, therefore, on the Member States to use public funds, including the Structural Funds, to begin establish ...[+++]ing risk capital funds in the form of public-private partnerships in regions and fields having innovative potential and a sound knowledge base; urges, furthermore, the Commission, the European Investment Bank (EIB) and the European Investment Fund (EIF) to determine suitable ways of funding by adapting venture capital or, if necessary, designing innovative funding instruments;

22. Emphasises that access to resources for SMEs, micro enterprises and entrepreneurs is crucial to increasing RD, developing new technologies and getting innovative solutions to the market; in this regard stresses the need for both early stage funding and ongoing funding of sufficiently long duration; highlights, however, that the present venture capital system does not meet the funding needs of the target group, particularly as regards non-technological innovation; calls, therefore, on the Member States to use public funds, including the Structural Funds, to begin establish ...[+++]ing risk capital funds in the form of public-private partnerships in regions and fields having innovative potential and a sound knowledge base; urges, furthermore, the Commission, the European Investment Bank (EIB) and the European Investment Fund (EIF) to determine suitable ways of funding by adapting venture capital or, if necessary, designing innovative funding instruments;

22.Emphasises that access to resources for SMEs, micro enterprises and entrepreneurs is crucial to increasing RD, developing new technologies and getting innovative solutions to the market; in this regard stresses the need for both early stage funding and ongoing funding of sufficiently long duration; highlights, however, that the present venture capital system does not meet the funding needs of the target group, particularly as regards non-technological innovation; calls, therefore, on the Member States to use public funds, including the Structural Funds, to begin establish ...[+++]ing risk capital funds in the form of public-private partnerships in regions and fields having innovative potential and a sound knowledge base ; urges, furthermore, the Commission, the European Investment Bank (EIB) and the European Investment Fund (EIF) to determine suitable ways of funding by adapting venture capital or, if necessary, designing innovative funding instruments;