The EU Commission closes an investigation regarding a State aid scheme and proves that it will pursue ex post monitoring vigorously (Enterprise Capital Funds)

Ex post Monitoring of a Risk Capital Fund* Ex post monitoring will be pursued vigorously by the Commission. Irregularities in the implementation of State aid measures may lead to the opening of the formal investigation procedure. Introduction This article examines Commission decision concerning a UK risk capital scheme entitled Enterprise Capital Funds [SA.15373 and SA.33186]. The decision is the outcome of an investigation that was initiated after the Commission discovered irregularities during one of its ex post monitoring exercises. The Enterprise Capital Funds [ECF] scheme was selected for ex post monitoring in 2011. The article highlights the issues that gave a cause for concern to the Commission. Two weeks ago, another article dealt in more detail with the issue of

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