Press Release: State aid: Commission approves amendments to a UK scheme financing small and medium enterprises

On 22 January 2104 the European Commission found several amendments to a UK scheme allowing publicly-backed funds to invest in Small and Medium Enterprises (SMEs) affected by a market failure, to be in line with EU state aid rules. The Commission found, in particular, that the measure encourages private investment in SMEs while limiting distortions of competition in the Single Market.