The European Commission initiates the procedure laid down in art. 88(2) of the EC Treaty with regard to the regional venture capital funds proposed by the UK authorities

"Main developments between 1st October and 31st December 2000"* On 18 October 2000 the Commission decided to initiate the procedure laid down in Article 88(2) EC with regard to the Regional Venture Capital Funds proposed by the UK authorities. These funds are intended to fill a gap in the provision of risk capital to small and medium-sized enterprises (SMEs). The gap is said to exist for investments in the range of

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Madeleine Tilmans, The European Commission initiates the procedure laid down in art. 88(2) of the EC Treaty with regard to the regional venture capital funds proposed by the UK authorities, 18 October 2000, e-Competitions Bulletin Financial services, Art. N° 39111

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