European Court of Auditors Survey

Survey on venture capital EU financial instruments

The European Court of Auditors (ECA) has recently launched an audit assessing whether the Commission is making good use of its venture capital instruments. The objective of the audit is twofold: i) examine whether the Commission appropriately designed its VC financial instruments and ii) ensure EU equity financial instruments are efficiently implemented. The results of this audit may therefore be relevant for Invest Europe members who receive public funding from various EU sources (see the list below).

As part of its audit, the ECA recently prepared a survey, targeting only venture capital funds which received equity funding from the public programmes and equity instruments listed at the end of this page. The objective of the survey is to look at the VC industry in Europe and examine the role of the European Investment Fund (EIF) as limited partner in the funds you manage.

If you receive funding under one of the equity instruments listed below and would like to contribute to the survey please contact the European Court of Auditors at Your input will help the ECA to evaluate the role of public investors, such as the EIF and to propose improvements in the management of EU policies and in the legislative process.

The survey, which will run until 23rd March, should not take more than 15-20 minutes to complete. It is strictly confidential and will be treated with the utmost discretion by the ECA. While the overall results will be part of a special report issued by the ECA, no individual answers will be made public nor communicated.

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