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Brussels, Belgium – 8 November 2016 The European Commission’s launch today of a new Venture Capital Fund of Funds programme has the potential to attract over €1.6 billion to support the growth of Europe’s small businesses, says Invest Europe.

Space ventures, tech start-ups and budding engineering firms could all benefit from this investment, according to the trade association, in the Commission’s latest initiative in its Capital Markets Union action plan to promote European innovation and economic growth.