This report offers a first look into the financial gap for agricultural enterprises for short-term and for medium and long-term loans. It is based on established European Commission methodology (Ex-ante assessment of the EU SME Initiative, 2013) and incorporates improved calculations. The input variables are based on updated data from Eurostat, the Farm Accountancy Data Network (FADN) provided by DG AGRI and the SAFE survey. Wherever specific data for the agricultural sector was not available, approximations were used.
Content related to all 28 European Member States
See the latest microfinance advisory news from EaSI TA, including success stories about the European Code of Good Conduct for Microcredit Provision, at https://goo.gl/2537bl. Other new briefing information has been released recently by the European Commission concerning the European Code of Good Conduct for Microcredit Provision.
Manual (Scoping study for the use of financial instruments under the EMFF and related advisory support activities)
The European Structural and Investment Funds (ESIF) policy framework emphasises the need for more use of financial instruments in 2014-2020: the overall aim is therefore to deliver more ESIF funding through financial instruments in the future. To help achieve this, the European Commission, in partnership with the EIB, has set up a single advisory platform on ESIF financial instruments for the programming period 2014-2020. This advisory platform is called fi-compass.
The fi-compass DG MARE survey is highlighted in the current edition of the Farnet newsletter. The survey seeks feedback from EMFF managing authorities on their experience of using (and not using) financial instruments in the current programming period.
The closing date of the survey is Friday 21st June 2019. All EMFF managing authorities are encouraged to provide feedback to this important survey in order to shape the future use of financial instruments post 2020.
We are pleased to announce the date of FI Campus 2019, the flagship event of fi-compass. The event, in its third edition, will take place on two consecutive days on 4 and 5 December 2019 at Crowne Plaza - Le Palace in Brussels.
‘fi-compass points the way’ – interview with Jonathan Denness from DG REGIO about the importance of financial instruments and support available
This publication describes a pilot technical assistance initiative promoted by the European Commission Directorate General for Agriculture and Rural Development (DG AGRI) in collaboration with the European Investment Bank Group (EIB Group) for supporting rural infrastructure and Smart Villages development.
Interview with Phil Hogan, European Commissioner for Agriculture and Rural Development, and Andrew McDowell, Vice-President, European Investment Bank, recorded during fi-compass event ‘Addressing price volatility and financing needs of young farmers and agriculture’, on 29 April 2019 in Brussels.
The European Investment Bank (EIB) and the European Commission have launched a EUR 1 billion loans package for agriculture and the bioeconomy with specific targets to support younger farmers, alongside new fi-compass advisory products. The sum will be matched by the implementing financial institutions, thereby mobilising close to EUR 2 billion of long-term financing for SMEs in the sector.