How the EU helps to support businesses.

Authors Avatar

JESAL JADEJA

How the EU helps to support businesses

Introduction

The European Union helps support businesses in four main areas, which are financial support, employment initiatives, improvements to infrastructure and provision of information. They do this help economy’s to prosper. Within the EU there are some countries that are richer then other countries. A country GDP can measure this. The EU will help the poorer countries to prosper by giving regional development grants to help open new businesses to help the economy prosper. The EU budget is financed from resources provided by the member states. This budget is equivalent to 1.27% of total European gross national product (48% of total income) (GNP); customs duties levied at external borders (12% of total income); agricultural levied on products imported outside the European union (2% of total income); 1% of VAT receipts from member states (36% of total income); and resources based on relative prosperity (GNP). 35% of the total budget goes on structural measures or funds.

Join now!

Financial Support

A regional development grant is one of the types of financial support that the EU provides. This may help some countries to reduce unemployment. A regional development grant is given to a business by the government to start up in an area of high unemployment. The business will put a sum of their own money to start up. The agreement that will take place will be that the business will try and reduce unemployment.

Poorer regions will get help by getting regional development funds to improve a community’s infrastructure and to create jobs

Source

...

This is a preview of the whole essay