Introduction
The European Venture Capital Funds Regulation [EU
2013/345] (EuVECA Regulation) was adopted in 2013 with the aim
of making it easier for venture capital managers to raise funds
across Europe by creating a pan-European marketing passport for
managers registered under the EuVECA designation.
The European Commission considers that venture capital has a key
part to play in supporting growth within the EU and the EuVECA
Regulation (together with the EuSEF Regulation relating to social
entrepreneurship funds) sought to improve access to funding for
unlisted small and mediumsized enterprises (SMEs) and other
start-up companies and also to increase non-bank finance for the EU
economy. The Commission is currently consulting on both the EuVECA
and EuSEF Regulations as part of its Capital Markets Union Action
Plan (as to which, please see further under 'Commission
Consultation' below), confirming the Commission's intention
to take forward a comprehensive package
