Looking for your way?
services on financial instruments under the
fi-compass is a unique platform for advisory
for Employment and Social Innovation (EaSI).
European Structural and Investment Funds
(ESIF) and microfinance under the Programme
Barre_04.png
Looking for your way?
be an important tool for boosting EU agriculture.
Barre_04.png
Investments, in a variety of forms, will help create a modern, dynamic agri-food
sector to create jobs and enhance growth in the EU. Financial Instruments will
Financial instruments using the European Social Fund
can support a wide range of financially viable
investment projects
Looking for your way?
Barre_04_1_4.png

FEATURES ESF

EUROPEAN SOCIAL FUND (ESF)

The European Social Fund (ESF), one of the European Structural and Investment Funds, aims at enhancing employment and fairer life opportunities for all. It is the European Union's main tool for helping people get a job (or a better job), integrating disadvantaged people into society and ensuring fairer life opportunities for all. It does this by investing in Europe’s people and their skills – employed and jobless, young and old.

The ESF has an overall budget of €86 billion for 2014-2020. This support is targeted towards ~15 million people each year to enter into the job market or to improve their skills to find work in future or for better social integration of certain disadvantaged individuals.  

The ESF support can be provided through grants and, increasingly, through financial instruments.

In 2007-13, a total of 49 financial instruments, primarily limited to supporting SMEs, have been implemented across 7 Member States to finance ESF interventions. This modest take up indicated that ESF stakeholders lack experience using these instruments and are less used to dealing with market mechanisms, but this also implies a great potential in effectively tackling social issues using recyclable funds.

Financial instruments can contribute to the achievement of the following thematic objectives of the ESF:

  • promoting employment and supporting labour mobility;
  • investing in education, skills and life-long learning;
  • promoting social inclusion and combating poverty; and
  • enhancing institutional capacity and efficient public administration.

Financial instruments co-funded by the ESF can therefore be used to support a wide range of financially viable investment projects.

For further information, please consult the fi-compass factsheet on ESF financial instruments.

Financial Instruments under ESF funds 2014-2020

  • Factsheet, The European Social Fund, pdf

  • Manual, Ex Ante Assessment - Quick reference guide, pdf

  • ESF and micro-finance: New opportunities, Andrea Da Pozzo, EC and Emmanuelle Guiheneuf, EC, pdf

  • Implementation of Entrepreneurship Promotion Fund (EPF) in Lithuania, Žaneta Maskaliovienė, Ministry of Social Security and Labour, Lithuania and Audrius Zabotka, INVEGA, pdf

Upcoming Events

05 Jun
18
Sofia
SAVE THE DATE

'Fourth annual EU conference on EAFRD financial instruments for agriculture and rural development in 2014-2020'
More information will be available in early 2018.

News

13 Dec
17

A second EaSI TA thematic seminar was organised in Romania by fi-...

12 Dec
17

Estonia holds the presidency of the Council of the European Union from...

08 Dec
17

Lithuania's financial instrument promoting energy efficiency in...