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Coronavirus - Invest Europe update

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Actions in response to coronavirus escalation

The rapid escalation of the coronavirus (COVID-19) outbreak is prompting unparalleled responses by governments, financial institutions, companies and individuals across the European continent and around the world. As the voice of the private equity and venture capital industry in Europe, Invest Europe is reacting quickly, accelerating measures that will enable us to continue to support our members fully through this crisis.

Our priority, as always, is to protect our staff – and those of our members and partners participating in our events and training – while ensuring that the industry has the support it needs to safeguard businesses and portfolio companies.

Invest Europe business continuity & staff protection measures

As governments around Europe consider measures to limit social interaction in an effort to contain the virus, many companies are taking exceptional measures to protect staff and their families. In line with these steps, Invest Europe’s office in Brussels closed on March 17, with all employees working remotely until further notice.

Invest Europe has secure IT infrastructure in place to enable staff to perform their roles remotely in complete confidence. Office phone numbers are automatically redirected to alternative lines. All business travel and face-to-face meetings are suppressed until such time as guidance changes.

Invest Europe remains committed to providing the same high standard of day-to-day service to members. And our work to support our industry continues uninterrupted.

Acceleration of our policy response

While governments across Europe are rightly focusing on the health crisis and placing the necessary restrictions on gatherings and business activities to protect the public, many companies, their staff and suppliers are facing great financial uncertainty. Invest Europe is working on multiple fronts to ensure that the political crisis responses also take into the account the serious economic implications.

Among our actions, we are engaging with European Commissioners, Members of the European Parliament, ESMA and the EIF, advocating necessary actions due to the impact of coronavirus on our industry and portfolio companies, particularly small and medium-sized enterprises (SMEs) across Europe. Meanwhile, we are working closely with financial industry and sectorial associations to coordinate our response.

We continue to hold regular Members’ Policy Calls to update members on Invest Europe’s key public affairs activities, including our latest initiatives on coronavirus.

COVID-19 Policy measures across Europe & resources for businesses

In response to the growing crisis, Invest Europe is introducing an interactive library of resources to help members understand the impact of the coronavirus outbreak on the industry and the wider economy & stay up to date on the emergency policy measures taken across Europe in support of businesses.

Please visit this page regularly as we will update it frequently with the latest information and guidance.

We also ask you to contact us with any relevant articles or reports you think could help fellow members.

Forthcoming events & training

In light of ongoing uncertainty and the duration of social distancing measures, we have decided to further postpone all events and training courses until the end of June, and cancel our CFO Forum 2020, which was scheduled to take place in Nice on 11 & 12 June.

These changes follow our decision to reschedule and reorganise Invest Europe's Investors' Forum and Venture Capital Forum, earlier in March.

Please find a current list of rescheduled events and training dates below:

Investors' Forum 2020

Dates: 13 & 14 October 2020
Venue:
President Wilson Hotel, Geneva

Venture Capital Forum 2020

Dates: 14 & 15 October 2020
Venue:
President Wilson Hotel, Geneva

CFO Forum 2021

Dates: 10 & 11 October 2021
Venue:
TBC, Nice

In addition, Invest Europe Chair's Dinner in Paris on 28 April will be postponed until further notice.

At the current time, there are no changes to the training and events programme from July onwards. We will continue to monitor the situation closely and will update members and attendees in due course. 

Positive actions against Covid-19

As the COVID-19 outbreak continues to grow, many private equity and venture capital-backed companies are responding with initiatives to help individuals and communities tackle the health threats and economic challenges posed by the virus across the continent.

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