Commission approves French Temporary Framework risk-capital scheme
07 July 2009
The Commission has approved this additional French measure. France has demonstrated how Member States can take advantage of the Commission's Temporary Framework to intensify efforts to tackle the effects of the crisis.
On 23 January 2009 the French authorities notified to the Commission the "Régime cadre temporaire d’interventions publiques en capital-investissement dans les PME", aimed at facilitating access to risk-capital to SMEs in their early stages of development.
The scheme will allow the French State, local authorities and other public bodies to set up or increase participations in risk-capital investment structures. These will be able to invest in SMEs in tranches of up to € 2.5 million over each 12-month period, until 31 December 2010. The minimum private participation in risk-capital investment structures will be 30%, in line with the Commission's Temporary Framework.
© European Commission
