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EU to simplify member states' access to European funding

Xinhua, June 9, 2015 Adjust font size:

The European Commission on Tuesday announced that it's trying to simplify access to the European Structural and Investment Funds by member states with an aim to reduce the administrative burden.

The Commission said it intended to create a High Level Group on simplification, which will be independently assess and monitor the uptake of simplification opportunities to access and use the European Structural and Investment Funds by the member states.

Facilitating access to funding for SMEs will be the first priority of the work of the Group.

"In the management of our funds, there is a pressing need for simplification, while preserving sound administrative and financial management. I do not want to hear again that an SME is no longer interested in receiving our support because it finds it too lengthy, bureaucratic and cumbersome," said Commissioner for Regional Policy Corina Cretu.

Cretu added that with this High Level Group, she wanted to ensure that member states make full use of the simplification measures included in the new regulations. Endit