Capital Markets Union: new EU rules on European venture capital and social entrepreneurship funds to boost growth and innovation


The European Commission welcomes the completion of a new stage in the construction of the Capital Markets Union (CMU) with the entry into force of the new rulesfor venture capital and social entrepreneurship funds. Starting today, small businesses, developing companies, and social enterprises will benefit from easier access to finance, thanks to rules adopted last June by the European Parliament, the Council, and the Commission. These reforms will open eligible European qualifying venture capital (EuVECA) and social entrepreneurship funds (EuSEF) to fund managers of any size and allow a wider range of companies to benefit from EuVECA investments. They will also give investors better access to developing companies and social enterprises. Finally, these rules will make the cross-border marketing of EuVECA and EuSEF funds cheaper, and simplify the registration process. ValdisDombrovskis , Vice-President of the Commission for Financial Stability, Financial Services and the Capital Markets Union, said: " The new rules will strengthen the integration of the European venture capital fund market , thereby boosting business growth and innovation in the EU, and promising European start-ups will now have easier access to a broader range of funding from the EU"The Commission has proposed a revision of the rules governing EuVECA and EuSEF in 2016 on the occasion of its UMC Action Plan, which are also linked to the Investment Plan for Europe, which proposes a complete to meet the financing gaps that hamper growth in Europe for more information on these reforms. see here .

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