Earlier this year we blogged that the European Commission had reached agreement with the Council of the EU and the European Parliament concerning amendments to the Regulation on European venture capital funds and the Regulation on European social entrepreneurship funds. The objective of the reforms is to improve access to finance for small and growing companies and social enterprises to promote EU jobs and growth.
There has now been published in the Official Journal of the European Union, Regulation (EU) 2017/1991 of the European Parliament and of the Council of 25 October 2017 amending Regulation (EU) No 345/2013 on European venture capital funds and Regulation (EU) No 346/2013 on European social entrepreneurship funds.
The Regulation applies from 1 March 2018.