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Public consultation on the review of the European Venture Capital Funds (EuVECA) and European Social Entrepreneurship Funds (EuSEF) regulations


The Commission is launching a consultation on the review of the European Venture Capital Funds (EuVECA) regulation (No 345/2013) and European Social Entrepreneurship Funds (EuSEF) regulation (No 346/2013) with a view to improve the take-up of these funds as part of the Action Plan package. These specialist venture capital investment funds have been available since 2013 but only a small number of funds set up as EuVECA and EuSEF have so far been launched.

This consultation supports the objective of Capital Markets Union which is to facilitate a greater flow of capital from willing investors into the real economy. This consultation is part of the Action Plan package and takes up the replies received in the CMU consultation. It requests more details as to where and how the regulations could be changed without reducing the existing levels of investor protection.

Target group

All citizens and organisations are welcome to contribute to this consultation. Contributions are particularly sought from respondents who have an interest and/or expertise in venture capital and/or social entrepreneurship.

How to submit your response

Please note that in order to ensure a fair and transparent consultation process only responses received through the online questionnaire will be taken into account and included in the report summarising the responses.

Contact details

Responsible services:
DG Financial Stability, Financial Services and Capital Markets Union
Unit C4 – Asset management
Postal address:
European Commission
SPA2 02/076
1049 Brussels

Protection of personal data and privacy statement

Results of consultation and next steps

We have received 46 responses and thank all those who have contributed to this consultation.

The summary of responses will be published below at a later stage.