The Beacon - December 2015



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The Beacon December 2015  
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    Sharing the risk of business investments: lessons from the fi-compass case study library
EU Member States are being encouraged to revolve European Structural and Investment Funds (ESIF) through the adoption of financial instruments. Lessons learned from the successes of existing financial instruments that use ESIF support can provide valuable experience, and fi-compass is involved in sharing this experience through advisory products such as case studies.
Our most recently published case study features a venture capital (VC) coinvestment instrument from the Languedoc-Roussillon region in France.
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  New European Commission guidance note on management costs and fees for financial instruments implemented according to Article 38(4)(b)
The new guidance note explains the novelties and contains an example for the calculation of thresholds.
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Fishery sector support through ESIF financial instruments
A new scoping study has recently been released by fi-compass which examines the potential for financial instruments under the European Maritime and Fisheries Fund (EMFF). The study gives essential insights on: the investment needs and opportunities that financial instruments could address in the seafood sector; the potential synergies and efficiencies with other ESI Funds; considerations for the most suitable types of financial products for the sector; and how advisory support can help realise the potential for financial instruments in the sector. Read more

Follow fi-compass on social media
fi-compass provides upstream advice on financial instruments through a number of channels, including our online hub and Twitter. To expand outreach and the dissemination of our tools and services that are available to managing authorities, financial intermediaries and all other interested stakeholders, fi-compass has recently launched a YouTube channel. Read more

Second meeting of the fi-compass expert group
A second meeting of the fi-compass expert group composed of experts in personal capacity and representatives of International Financial Institutions, took place on 5 November in Brussels. Its primary objective was to collect the experts’ advice and recommendations for the fi-compass work programme. Read more

Guarantees for Europe’s agriculture and rural development sector
Member States are being encouraged to more than double the amount of financial instruments that use the European Agricultural Fund for Rural Development (EAFRD). Regional seminars in Riga and Vienna, as well as first European conference in Dublin have already taken place, organised by fi-compass in support of this goal. Read more

Promoting financial instruments with social and employment purposes
The fi-compass European Social Fund (ESF) work stream offers a range of advisory services and support to managing authorities, financial intermediaries and other stakeholders wishing to know how financial instruments can be used to deliver ESF objectives. Read more

Points of view

Financial instruments for energy efficiency in buildings
As part of our dialogue with financial instrument stakeholders, fi-compass asked Oliver Rapf, Executive Director of the Buildings Performance Institute Europe (BPIE), a Brussels based think tank with a focus on energy and the built environment, what he thought financial instruments could help achieve in this area. Read more

Personal perspectives from the fi-compass community of practice
Our collection of video ‘snapshot’ interviews featuring personal perspectives from people involved in ESIF financial instruments is growing. Some of these have been mentioned elsewhere in articles from this edition of the Beacon newsletter, and you can see the first ten interviews with your peers on our fi-compass YouTube channel. Read more

The European Committee of the Regions’ opinion on financial instruments in support of territorial development
The European Committee of the Regions (CoR) has recently published a draft opinion about improving the implementation of financial instruments using European Structural and Investment Funds (ESIF) at local and regional levels in support of territorial development. Read more

Ex-ante assessment for SME-related financial instruments: market analysis
Ex-ante assessments are mandatory for managing authorities setting up or continuing a financial instrument in the 2014-2020 programming period. Assessments highlight markets failures and financial gaps, they also estimate the potential added value and provide a solid base for a proposed investment strategy with clear targets and expected results. Read more

fi-compass stakeholders confirm the added value of financial instrument advisory services
A recently completed needs assessment of fi-compass users has clarified the benefits from our practical advice about ESIF financial instruments for managing authorities, financial intermediaries, and other interested parties. Read more

fi-compass seminars underway and warmly welcomed
Since September we have run 14 successful fi-compass seminars in 12 different Member States and our seminar series continues in 2016 with a further 17 events in the pipeline. A full list of proposed future seminars is available on our website’s event calendar and you can see information about events that are already open for registration here. Read more

European microcredit providers gain from practical fi-compass support
Known in the previous programming period as Joint Action to Support Microfinance Institutions in Europe (JASMINE), EaSI Technical Assistance involves a range of support activities for European microcredit providers. Read more
Festive footnote

Happy holidays and best wishes for a prosperous new year
All of us at the fi-compass team would like to take this opportunity to wish all of our fi-compass stakeholders a pleasant and peaceful festive season. We thank you for your support during this first full year of our operations and we look forward to continue providing you with our advisory services in 2016.

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