Combination of financial instruments and grants under shared management funds in the 2021-2027 programming period

This comprehensive factsheet describes how enhanced flexibilities in the Common Provisions Regulation for the 2021-2027 programming period can be used to combine financial instruments and grants in a single operation. The factsheet describes how a number of different types of grant support including interest rate subsidies, technical assistance, investment grant and capital rebates can be combined with loan, guarantee and equity financial instruments in a single operation. Governed by financial instrument rules, combined financial instrument-grant operations are expected to play an important part in scaling up the use of financial instruments to support Cohesion policy in the 2021-2027 period. The factsheet describes the options available under the regulations and gives practical examples of how the flexibilities can be applied in practice.