The two most relevant state aid frameworks are the General Block Exemption Regulation (GBER) and the Risk Finance Guidelines. The GBER exempts risk finance measures of up to €15 million per SME from prior scrutiny by the European Commission. Meanwhile, the Risk Finance Guidelines, aimed at SMEs and mid-caps with high growth potential, establish state aid conditions for amounts above €15 million.
These frameworks - along with the Temporary State Aid Exemption framework, have been particularly relevant to determine whether or not private equity backed firms could access public support during the Covid-19 pandemic.
Revised Risk Finance Guidelines have been published on 6 December 2021 - the main change of relevance from a venture capital perspective is the increased flexibility for businesses of a certain age to remain eligible to risk finance aid. The GBER should be revised by mid-2022.
Around 85% of the companies in which private equity invests are small and medium-sized enterprises ("SMEs"). Private equity cares deeply about creating the right environment for European companies to flourish. Creating a competitive and investment-friendly ecosystem, including a robust state aid framework is an important cornerstone in this regard.
Public Affairs Director
Senior Public Affairs Manager
Public Affairs Officer
Public Affairs Officer
Public Affairs Manager
Most PCs automatically accept them but you can change your browser settings to restrict, block or delete cookies if you want. Each browser is different, so check the 'Help' menu of your particular browser (or your mobile phone's handset manual) to learn how to change your cookie preferences. Many browsers have universal privacy settings for you to choose from.
Cookie settings in most versions of Internet Explorer can be found by clicking the tools option and then the privacy tab.
Cookie settings in Firefox are managed in the Options window's Privacy panel. See Options window - Privacy Panel for information on these settings.
Click on the spanner icon on the toolbar, select settings, click the under the bonnet tab, click on content settings in the privacy section.
You can manage cookies in Opera if you Click on settings, then Preferences, then Advanced and finally Cookies
Choose Safari, then preferences and then click security. You should then be able to specify if and when Safari should accept cookies.
To manage cookies on your mobile phone please consult your manual or handbook.
If you decline cookies, some aspects of Invest Europe site may not work on your computer or mobile phone and you may not be able to access areas you want on the website. For this reason we recommend that you accept cookies.
If you delete all your cookies you will have to update your preferences with us again and some aspects of our site may not work.
If you use a different device, computer profile or browser you will have to tell us your preferences again.
If you'd like to learn more about cookies in general and how to manage them, visit aboutcookies.org.
We can't be responsible for the content of external websites.Opt-out of cookies