Research by European Investment Fund finds governments responsible for nearly a third of venture funding
European governments provided nearly a third of venture funding last year as poor long-term returns and the financial crisis forced others away from the industry.
In its Private Equity Market Outlook report published yesterday, the European Investment Fund (EIF), the public and private-funded body which provides risk financing to small and medium-sized companies in the European Union’s 27 member states, said the outlook was improving as it expected at least five years of economic growth globally and in Europe.
Based off…
