2001/712/EC: Commission Decision of 6 June 2001 on the aid scheme Regional Venture Capital Funds (Text with EEA relevance) (notified under document number C(2001) 1547)
Data as of 2026-07-04 Β· Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. Β· Read the official text β
The notified State aid scheme Regional Venture Capital Funds, as completed by the comments made by the United Kingdom authorities since the opening of the procedure, which the United Kingdom is planning to implement based on the Industrial Development Act 1982, Section 8, is compatible with the common market within the meaning of Article 87(3)(c) of the EC Treaty. Implementation of the aid is accordingly authorised.
This Decision is addressed to the United Kingdom of Great Britain and Northern Ireland. Done at Brussels, 6 June 2001. For the Commission Mario Monti Member of the Commission (1) OJ C 27, 27.1.2001, p. 20. (2) See footnote 1. (3) Those prospective sponsors for the creation of a fund who are already authorised fund managers will not be required to undertake a competitive process to appoint themselves. (4) Commission recommendation of 3 April 1996, concerning the definition of small and medium-sized enterprises (OJ L 107, 30.4.1996, p. 4). (5) Dealing in land, commodities futures, shares, securities or other financial instruments; dealing in goods (other than in normal wholesale or retail trades); banking, insurance, money lending, debt factoring, hire-purchase financing and other financial activities; leasing or letting assets on hire, except in the case of certain ship-chartering activities; providing legal or accountancy services; property development; farming, forestry or market gardening. (6) OJ C 71, 11.3.2000, p. 14. (7) OJ L 83, 27.3.1999, p. 1. (8) BVCA Report on Business Angel Investment Activity 1998/99. (9) Adopted by the Commission on 23 May 2001 (not yet published in the Official Journal). (10) Case C 16/97, OJ L 212, 30.7.1998, p. 50. This case was the subject of the Judgment of the Court in Case C-156/98, 19 September 2000. (11) Decision adopted by the Commission on 13 February 2001 (not yet published in the Official Journal). (12) Separate injections of capital within six months of each other would be considered to be part of the same tranche, as would different instalments, even over a longer period, to which a commitment is made simultaneously as part of a single transaction.
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