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Consultation on the revision of the Guidelines on State aid to support SME access to risk capital

Policy field

Competition: State aid

Target group

Public authorities, citizens, companies and organisations are welcome to contribute to this consultation. Contributions are particularly sought from public authorities deploying financial and fiscal instruments for facilitating SME access to finance and other stakeholders, such as investors, financial intermediaries and final recipients.

Period of consultation

From 16.07.2012 to 05.10.2012

Objective of the consultation

The Community guidelines on State aid to promote risk capital investments in small and medium-sized enterprises (hereafter "the Risk Capital Guidelines") set out the conditions that Member States should respect when granting State aid to promote access to risk capital for SMEs in their early development stages, particularly with a view to ensuring that such aid targets a proven equity gap and does not crowd out financial markets. The Risk Capital Guidelines apply from 18 August 2006.

Since 29 August 2008, certain provisions of the Risk Capital Guidelines have been included in Commission Regulation (EC) No 800/2008 of 6 August 2008 (General Block Exemption Regulation, the GBER).

In view of the expiry of the Risk Capital Guidelines and the GBER on 31 December 2013, the purpose of the present consultation is to invite Member States and other stakeholders, such as investors, financial intermediaries and final recipients, to provide input for the revision of the Risk Capital Guidelines, notably information on market developments concerning the supply of equity and debt finance to viable SMEs, feedback on the application of the Risk Capital Guidelines and their effects in terms of facilitating SME access to risk capital.

View the consultation document

Community guidelines on State aid to promote risk capital investments in small and medium-sized enterprises
Amendment

View the questionnaire

Questionnaire (PDF): bg cs da de el en es et fi fr hu it lt lv mt nl pl pt ro sk sl sv
Questionnaire (DOCX): bg cs da de el en es et fi fr hu it lt lv mt nl pl pt ro sk sl sv

Reference documents and other, related consultations

Mid-term review of the risk capital guidelines

Contact details

Responsible service: Directorate-General for Competition – Unit H.2
Please always indicate the reference number in your correspondence: HT. 347
E-mail address for replies: stateaidgreffe@ec.europa.eu
Ref.: HT. 347 – Consultation on the revision of the Guidelines on State aid to support SME access to risk capital

Postal address:
European Commission
Directorate-General for Competition
Ref.: HT 347 Consultation on the revision of the Guidelines on State aid to support SME access to risk capital
State aid Registry
1049 Bruxelles/Brussel
BELGIQUE/BELGIE
Fax: +32 2 296.12.42

Replies to the consultation

Member states
  • Czech Republic - Office for the Protection of Competition cs
  • Denmark - Ministry of Business and Growth en_1 en_2
  • Finland - Ministry of Employment and Economy en
  • France - Permanent Representation of France to the EU fr_1 fr_2
  • Germany - Bundesministerium für Wirtschaft und Technologie de_1 de_2
  • Hungary - Ministry of National Development hu
  • Italy - Presidenza del Consiglio dei Ministri it
  • Latvia - Ministry of Economy en
  • Netherlands - Government nl
  • Slovakia - Ministry of Education, Science, Research and Sport sk
  • Slovenia - Ministry of Economic Development and Technology sl
  • Sweden - Ministry of Enterprise, Energy and Communication en
  • United Kingdom - Government uk
Public authorities
  • Austria - Several public authorities de
  • Estonian Development Fund en
  • Ireland - Enterprise Ireland en
  • Norway - Ministry of Government Administration, Reform and Church affairs en
  • Portugal - CCDRA - Comissão de Coordenação e Desenvolvimento Regional do Alentejo pt
  • Portugal - IAPMEI - Instituto de Apoio às Pequenas e Médias Empresas e à Inovação pt
  • Portugal - Região Autónoma da Madeira pt
  • PMV - Participatiemaatschappij Vlaanderen en
  • Région Wallonne, Belgium fr
  • Spain - Gobierno de Aragon es
  • Vaekstfonden - Growth Fund en
Registered organisations
  • Austria - Bundesartbeitskammer - Federal Labour Agency de
  • Austria - Wirtschaftskammer Österreich de
  • BUSINESSEUROPE en
  • CGPME - Confédération Générale des Petites et Moyennes Entreprises fr
  • EVCA - European Private Equity and Venture Capital Association en
  • France - AFG - Association Française de la Gestion financière fr
  • Germany - VÖB - Bundesverband Öffentlicher Banken Deutschlands de
  • Germany - BIO Deutschland e. V. de
  • United Kingdom - AIC - Association of Investment Companies in the UK en
Non-registered organisations
  • AECM - European Association of Mutual Guarantee Societies en
  • AFDEL - Association Française des Editeurs de Logiciels et Solutions Internet fr
  • AFIC - Association Française des Investisseurs pour la Croissance fr
  • AVCO - Austrian Private Equity and Venture Capital Industry en
  • BAND - Business Angels Netzwerk Deutschland e.V. de
  • CNCF - Chambre Nationale des Conseillers en Investissements Financiers en
  • Dansk Industri da
  • EVFIN - European Venture Fund Investors Network en
  • Eximbanka SR sk
  • Idinvest Partners fr
  • London Stock Exchange Group en
  • NADSME - National Agency for Development of Small and Medium Enterprises en
  • Slovak Growth Capital Fund en
  • SZRB - Slovenská záručná a rozvojová banka, a. s. sk
  • TVU - Tees Valley Unlimited en
Citizens
  • Paulo Correia en
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