Commission seeks input for venture and growth capital funds reform

The European Commission is seeking feedback on obstacles faced by EU venture and growth capital funds and on possible measures to address them. To that end, the Commission has opened two consultations: a targeted consultation addressing key stakeholders such as fund managers, businesses, institutional investors as well as public authorities and supervisors, and a public consultation where anybody can contribute.

The input will support the Commission's policy work under the savings and investments union and the startup and scaleup strategy, in particular the efforts to improve access to finance for innovative companies in the EU.

Venture and growth capital funds play a key role in financing the EU economy, including innovative and strategic initiatives. They support companies from early development stages to later phases of growth. A more dynamic and integrated European market for such funds is essential for unlocking the EU's growth potential and strengthening its global competitiveness. Through a better access to finance, innovative EU companies will be able to pursue their expansion and job creation here in the EU.

Against this background, the Commission envisages a review of the European Venture Capital Fund (EuVECA) Regulation under its savings and investments union strategy, planned for adoption in the third quarter of 2026. With a view to maximising the impact on EU competitiveness and growth, the Commission is also considering a possible broader policy initiative beyond the EuVECA framework, which would cover a wider range of venture and growth capital fund managers.

The two consultations remain open until 12 March 2026. The feedback received will inform the Commission's policy work on venture and growth capital funds.

Related links

Respond to the public consultation

Respond to the targeted consultation

More on investment funds