European VC Funds Regulation Reform

The Commission is preparing a review of the European Venture Capital Funds (EuVECA) Regulation as part of its savings and investments union strategy, with adoption envisaged later in 2026. In January 2026 it opened two consultations, a targeted one for fund managers, businesses, investors and public authorities and a public one, seeking feedback on the obstacles faced by EU venture and growth capital funds and on possible measures to address them. Both consultations remained open until 12 March 2026. The Commission says it is also considering a possible broader policy initiative beyond the EuVECA framework, which would cover a wider range of venture and growth capital fund managers. It says the feedback will inform its policy work on venture and growth capital funds, which it links to the savings and investments union and to the EU startup and scaleup strategy.