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 manual ‘Crowdfunding and ESF opportunities: future perspectives for managing authorities’ is now online and available for download. This publication aims to raise awareness of the opportunities to support the social economy sector through a combination of crowdfunding and ESIF financial instruments. The manual is addressed to managing authorities and the crowdfunding industry, highlighting how financial instruments can help meet the growing liquidity needs faced by crowdfunding platforms, and build trust on the investors’ side.
The fi-compass manual ‘Crowdfunding and ESF opportunities: future perspectives for managing authorities’ explores how to set up financial instruments in support of projects that seek finance through crowdfunding campaigns. This manual sets out to familiarise managing authorities and crowdfunding industry with each other, highlighting the mutual benefits of enhanced cooperation. Building on ground-breaking experiences in the EU, the manual analyses the challenges and opportunities of setting up financial instruments that are delivered alongside or through crowdfunding platforms.
fi-compass is raising awareness on the possibilities offered by combining crowdfunding and European Structural and Investment Funds (ESIF or ESI Funds), with emphasis on the European Social Fund (ESF). In the realm of alternative finance, crowdfunding is now established as a reliable funding source for small and micro undertakings, often catering to ESF-type target groups, including young entrepreneurs, socially oriented businesses and vulnerable categories.
Three new fi-compass studies have been published that are designed to support ERDF managing authorities and their partners preparing proposals for financial instruments under their 2021-2027 Operational Programmes.
***Not formal guidance***
This document captures the key topics identified and discussed in the fi-compass Knowledge Hub – State aid workshop. Some of the State aid challenges considered by the participants included:
This fi-compass study aims to support EAFRD managing authorities in planning and programming the use of financial instruments in their CAP Strategic Plans for the 2021-2027 programming period.