CELEX: 51984PC0021
Language: en
Date: 1984-01-18
Title: AMENDMENT TO THE PROPOSAL FOR A COUNCIL DECISION EMPOWERING THE COMMISSION TO HELP FINANCE INNOVATION WITHIN THE COMMUNITY

15.2.84                         Official Journal of the European Communities                       No C 40/3
                                                               II
                                                       (Preparatory Acts)
                                            COMMISSION
        Amendment to the proposal for a Council Decision empowering the Commission to help
                                 finance innovation within the Community (')
                                                      COM(84) 21 final
         (Submitted by the Commission to the Council pursuant to Article 149 (2) of the EEC Treaty
                                                    on 18 January 1984)
                                                         (84/C 40/04)
                                    P r e a m b l e and r e c i t a l s u n c h a n g e d
                                                Article 1 unchanged
                                                           Article 2
        The borrowings contracted pursuant to Article 1 hereof shall be used exclusively to fund,
        under the name of European Innovation Loans, innovative projects in sectors which
        introduce new products, devise new processes or apply innovatory technologies. These
        loans shall benefit small and medium-sized enterprises established in the Community,
        and shall be granted via appropriate financial intermediaries. Priority shall be given to
        the projects of small enterprises.
        Notwithstanding Article 3 (2) and Article 5 of Decision 83/200/EEC, the European
        Innovation Loans shall be granted in accordance with the following provisions.
                                         A r t i c l e s 3 and 6 u n c h a n g e d
                                                           Article 7
        Two years at the latest after adoption of this Decision, and in any case when loans
        granted total 80 million ECU, the Council shall examine, on the basis of a report by the
        Commission and after consulting the European Parliament, whether the principles and
        conditions of the scheme are still adapted to the needs which led to its creation.
        (') OJ No C 178, 5. 7. 1983, p. 4.