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The Beacon - October 2015 |
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Advancing with
Provisions on combination of financial instruments with grants and other forms of support from the European Structural and Investment Funds (ESIF) are part of the 2014-2020 legal framework.
Using financial instruments together with grants or other forms of support can have several advantages. It can allow financial support to be better tailored to the final recipients’ needs. What’s more, businesses could find combinations of ESIF support more attractive and more accessible. This is because grant elements linked to financial instruments could potentially increase their attractiveness and thus help the instruments to provide long-term growth potential.
Read more
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Latest Regulatory Guidance
Guidance note: European Structural and Investment Funds Guidance for Member States and Programme Authorities CPR_37_7_8_9 Combination of support from a financial instrument with other forms of support. Available here |
Case study
The Campania region launched the Microcredit Fund at the end of 2011, with € 100 million of resources committed from the European Social Fund. Read more on how it improves access to finance for young people, the unemployed, women, migrants. Other case studies on the use of ESIF financial instruments in practice can be found here |
New resources
A number of new publications including a short reference guide on Financial Instrument products and Developing an Action Plan have been published by fi-compass recently. Make sure to check the Resources page on the fi-compass hub regularly for the latest uploads. |
Videos
Check out our latest videos summarising the Seven key steps to ex-ante assessment for financial instruments and the Benefits of financial instruments for the EAFRD. |
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Innovation support and ESIF financial instruments
Support through financial instruments for Research, Technological Development and Innovation (RTDI) is an area that may be relatively new for managing authorities. Read more |
EFSI and ESIF: Complementarity, not overlap
The European Fund for Strategic Investments (EFSI) can exploit synergies with the European Structural and Investment Funds (ESFI). Read more |
Annual Summary on Financial Engineering Instruments 2014 available
This report describes how financial engineering instruments under the 2007-2013 ERDF and ESF programmes are delivered across many policy areas and Member States. Read more |
Call open for Financial Intermediaries under the EaSI Guarantee financial instrument
On 22 June 2015 the European Commission entrusted the European Investment Fund (EIF) with the implementation of the EaSI Guarantee under the European Programme for Employment and Social Innovation (EaSI). Read more |
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fi-compass survey
Please help us serve you better. Tell us what information and support you need through a short online survey. Your comments will help us to plan new deliverables of fi-compass and ensure that our support can be designed to meet your interests in using ESIF financial instruments! The survey will be launched soon in October and your feedback on fi-compass activities will be very useful. A separate email will be sent to you that explains how to use the survey. |
Highlights from recent fi-compass regional seminars
EAFRD financial instruments for agriculture and rural development were discussed in Vienna during a dedicated fi-compass seminar about the EAFRD. Read more
ESF financial instruments were the topic of another regional fi-compass seminar. Participants at this Paris event shared advice and experience on how financial instruments co-funded by the ESF can be used to support a wide range of financially viable investment projects. Read more |
Highlights from Member State seminars
A series of fi-compass seminars has started in Member States. The first three of these well-attended seminars took place in Slovakia, Bulgaria and Romania during early October. Reports from these events and all the other upcoming Member State seminars can be found on our website’s past events pages. Read more |
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Share your expertise and get involved
Sharing best practices will be a great way to improve the performance of financial instruments under the Investment Plan for Europe. If you have used financial instruments successfully or if you would like to contribute to the fi-compass platform, please get in touch via the form here |
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