Invest Europe-PAE

Letter to the European Commission on state aid issues relating to the use of the SME Definition

Positions & consultation responses

28 Apr 2020

We detail in this letter to the European Commission the concerns we have with the exclusion of private-equity and venture capital-backed businesses from the SME category, and subsequently of the ability to receive funding under the national Covid-19 support programmes, on the basis that they are deemed linked to other portfolio companies owned by the fund.