Brussels, 24/07/2013 (Agence Europe) - The European Commission has launched a public consultation process that will run until 17 September on draft guidelines on how the member states can support the provision of risk finance to small businesses. The Commission will use the consultation to help it decide on new guidelines later this year.
The draft guidelines describe compatibility criteria for measures for companies that do not fulfil all the criteria to qualify for exemption under the General Block Exemption Regulation (CBER); measures which divert from the risk-financing parameters set out in the GBER (measures with private investor participation below the ratios required in the GBER) or measures to which the GBER does not apply due to their large budget and high potential for distorting competition. (FG/transl.fl)