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  3. Centrally managed EU interventions for venture capital: in need of more direction

Centrally managed EU interventions for venture capital: in need of more direction

Audit Id 1590400557310
Título Centrally managed EU interventions for venture capital: in need of more direction
Tí tulo en el idioma original

Centrally managed EU interventions for venture capital: in need of more direction

English

Año 2019
Asunto

Business and Industry

EU Funds

Science, Technology and Innovation

Tipo

Performance

Tipo de acción

Performed by single SAI

Descripción The EU provides money to venture capital funds for investment mainly in start-ups and innovative emerging firms. This audit assessed six centrally managed interventions that have been implemented since 1998. The EIF manages these interventions on behalf of the Commission. We found that the Commission increased its financial support over the years without fully assessing market needs or absorption capacity. Its investment strategy was not comprehensive, and less developed venture capital markets benefited little. The EIF’s procedures also require streamlining and improvement. ECA special report pursuant to Article 287(4), second subparagraph, TFEU.
País

European Court of Auditors

Materiales

Audit report

English

Special report No 17/2019. Available in other 22 languages.
Download report

Hyperlink to the concrete document

English

Go to materials

Press release

English

Available in other 22 languages
view press release
Contacto
ECA-INFO
ECA-INFO@eca.europa.eu
https://www.eca.europa.eu
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