Invest Europe

Paper on the European Competitiveness Fund (EU Public Budget for VC)

Positions & consultation responses

08 Jul 2026

The paper, shared and discussed with key stakeholders, outlines the importance of the next Multiannual Financial Framework for the future of the EU’s innovation ecosystem, from the perspective of the investors that provide long-term capital to start-ups and scale-ups. It highlights the critical role played by the European Investment Fund (EIF) in using public resources to crowd in private investment, as well as the risks that a less ambitious approach could pose to Europe's competitiveness agenda.