| Author (Corporate) | Council of the European Union: General Secretariat |
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| Series Title | Press Release |
| Series Details | 30.05.17 |
| Publication Date | 30/05/2017 |
| Content Type | News |
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Background and further information: These funds aim to mobilise more investment capital for innovative smal and medium-sized enterprises (SMEs) and social undertakings in the European Union. They are part of the Capital Markets Union (CMU) Action Plan. The rules agreed between the institutions aim to broaden the range of firms able to find investors on European capital markets and encourage investment in firms that markets may view as a risky, or which aim to deliver social benefits. The proposal was put forward by the European Commission July 2016. The Council of the European adopted its negotiating position on the matter in December 2016. Representatives from the Council of the European Union and the European Parliament reached an agreement on 30 May 2017 regarding a set of rules on venture capital funds (EuVECAs) and social entrepreneurship funds (EuSEFs), aimed at boosting investment in start-ups and innovation. |
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| Source Link | Link to Main Source http://www.consilium.europa.eu/en/press/press-releases/2017/05/30-capital-markets-union/ |
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| Subject Categories | Business and Industry, Internal Markets |
| Countries / Regions | Europe |
