EU Commission Seeks Input on Venture and Growth Capital Funds Reform

EC Finance News

Published January 15th, 2026

Detected March 18th, 2026

Summary

The European Commission has opened two consultations seeking feedback on obstacles and potential reforms for EU venture and growth capital funds. The input will inform policy work under the savings and investments union and startup and scaleup strategy, with a review of the EuVECA Regulation planned for Q3 2026.

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What changed

The European Commission has launched a public consultation and a targeted consultation to gather feedback on challenges faced by EU venture and growth capital funds. This initiative aims to support policy development under the savings and investments union and the startup and scaleup strategy, with a specific review of the European Venture Capital Fund (EuVECA) Regulation anticipated for the third quarter of 2026. The Commission is also considering a broader policy initiative beyond the EuVECA framework to enhance access to finance for innovative companies and strengthen the EU's global competitiveness.

Regulated entities, including fund managers, businesses, institutional investors, public authorities, and supervisors, are encouraged to provide input. The consultations are open until March 12, 2026. The feedback received will directly inform the Commission's policy decisions regarding venture and growth capital funds, potentially leading to significant changes in the regulatory landscape for these funds within the EU.

What to do next

Review the public and targeted consultations on venture and growth capital funds.
Submit feedback by the deadline of March 12, 2026.
Monitor potential policy changes and the review of the EuVECA Regulation.

Source document (simplified)

The European Commission is seeking feedback on obstacles faced by EU venture and growth capital funds and on possible measures to address them. To that end, the Commission has opened two consultations: a targeted consultation addressing key stakeholders such as fund managers, businesses, institutional investors as well as public authorities and supervisors, and a public consultation where anybody can contribute.

The input will support the Commission’s policy work under the savings and investments union and the startup and scaleup strategy, in particular the efforts to improve access to finance for innovative companies in the EU.

Venture and growth capital funds play a key role in financing the EU economy, including innovative and strategic initiatives. They support companies from early development stages to later phases of growth. A more dynamic and integrated European market for such funds is essential for unlocking the EU’s growth potential and strengthening its global competitiveness. Through a better access to finance, innovative EU companies will be able to pursue their expansion and job creation here in the EU.

Against this background, the Commission envisages a review of the European Venture Capital Fund (EuVECA) Regulation under its savings and investments union strategy, planned for adoption in the third quarter of 2026. With a view to maximising the impact on EU competitiveness and growth, the Commission is also considering a possible broader policy initiative beyond the EuVECA framework, which would cover a wider range of venture and growth capital fund managers.

The two consultations remain open until 12 March 2026. The feedback received will inform the Commission’s policy work on venture and growth capital funds.