(01 March 2018) – From now on, small and growing companies and social enterprises will enjoy better access to finance, thanks to the entry into force of the new rules agreed in June by the European Parliament, the Council and the Commission.
The Commission proposed an overhaul of the existing European Venture Capital Funds (EuVECA) and the European Social Entrepreneurship Funds (EuSEF) regulations in 2016 as part of the CMU Action Plan.
The agreement will open up EuVECA and EuSEF to fund managers of all sizes and will allow a greater range of companies to benefit from EuVECA investment.
It will also improve access of investors to small and growing businesses and social ventures.
Finally, it will make the cross border marketing of EuVECA and EuSEF funds less costly and will simplify registration processes.