Traduction de «Capital appreciation fund » (Anglais → Français) :

16. Highlights the need to promote entrepreneurship and support small and medium-sized enterprises (SMEs), recognising the key role they have played in fostering economic competitiveness and creating jobs; stresses the need to review and consolidate the role of the EU instruments that support European competitiveness with a view to rationalising administrative procedures, facilitating access to funding, especially for SMEs, introducing innovative incentive mechanisms based on achieving objectives linked to intelligent, sustainable and integrative growth, and promoting closer cooperation with the European Investment Bank and other financial institutions; appreciates, in this ...[+++]context, the added value offered by financial engineering instruments and encourages their use, as well as that of revolving funds and global grants, on the widest possible scale, with a view to achieving positive synergies and maximising results; calls, too, for simplified access to risk capital and micro-finance;

16. Highlights the need to promote entrepreneurship and support small and medium-sized enterprises (SMEs), recognising the key role they have played in fostering economic competitiveness and creating jobs; stresses the need to review and consolidate the role of the EU instruments that support European competitiveness with a view to rationalising administrative procedures, facilitating access to funding, especially for SMEs, introducing innovative incentive mechanisms based on achieving objectives linked to intelligent, sustainable and integrative growth, and promoting closer cooperation with the European Investment Bank and other financial institutions; appreciates, in this ...[+++]context, the added value offered by financial engineering instruments and encourages their use, as well as that of revolving funds and global grants, on the widest possible scale, with a view to achieving positive synergies and maximising results; calls, too, for simplified access to risk capital and micro-finance;

They also appreciated its predictability: since funds are distributed on a per capita basis based on recent Census data, municipalities know how much they will be receiving in advance (in this case, until the fiscal year 2013-2014), and as such, are able to plan capital expenditures over that period.

However, the Commission appreciates that the draft legislation presented in autumn 2002, which would have extended the discriminatory taxation of foreign funds to capital gains, was withdrawn after, inter alia, the Commission expressed its concerns.

Mr. Doug Davison, Senior Vice-President, Crocus Investment Fund: I appreciate your invitation to appear before you today on behalf of the Crocus Investment Fund and as a representative of the Canadian labour sponsored venture capital industry.