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Anjum Shabbir
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28th February 2020
Competition & State Aid

Commission confirms Dutch Venture Initiative is in line with State aid rules

The European Commission has decided that the set-up and financing of the Dutch Venture Initiative (DVI) does not breach EU State aid rules. DVI was jointly established in 2013 by the Dutch Ministry of Economic Affairs and Climate Policy (MoE), the European Investment Fund (EIF) and PPM Oost, a Dutch publicly owned development company. DVI invests in private equity funds that make equity investments in Small and Medium enterprises (SMEs).

The Commission found that the compensation paid to the EIF for its advisory services and to PPM Oost for the provision of certain administrative services in relation to DVI are in line with fees paid by private operators in comparable situations. The Commission also found that no State aid was gra

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