Financial instruments in support of territorial development

This report reviews the implications of the expansion of FIs for the LRAs in the new MFF. It will first describe the rationale for the use of financial instruments for territorial development and their role during the 2007-2013 MFF. It will then analyse the implications for LRAs, first on the rationale and logic for LRAs to set up and promote such instruments, followed on a discussion on the ability of the LRAs to access the financial instruments as beneficiaries.