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

Abstract

The new fi-compass series of specific thematic workshops started with an event covering financial instruments supporting energy efficiency in Vienna on 20 October 2016. Peer-to-peer learning and sharing experience were central.

Participants could:

  • learn from experiences in other Member States and regions about implementing financial instruments to support Thematic Objective 4 ‘Low carbon economy’ in the 2014-2020 programming period;
  • share their own experience of progress in implementing a low carbon economy financial instrument;
  • exchange on a peer-to-peer basis with the speakers and other participants on how to deal with technical challenges they are facing regarding the design, set-up and implementation of a low carbon economy financial instrument.

The workshop featured two case studies, from the Hauts-de-France region and Lithuania. Participants saw concrete examples from investors and managing authorities implementing financial instruments for energy efficiency through support for companies and multi-apartment building renovation. Stakeholders exchanged their experiences during question and answer sessions.

The final agenda is available for download.

Photo Library

Financial instruments for energy efficiency in the programming period 2014-2020, Vienna, 20 October 2016

Picture: Emily Smith, European Investment Bank; Alain Kauffmann, European Investment Bank; Julien Watry, Nord Capital Partenaires, France; Guillaume Thomé, Finorpa, France; Philippe Farvacque, Region Hauts-de-France; Pieter Coppens, European Investment Bank.

Sharing knowhow about financial instruments for energy efficiency was the focus of the fi-compass event on 20 October 2016 in Vienna, Austria. Representatives from Lithuania and the Hauts-de-France region presented their experience of designing, setting-up and implementing financial instruments supporting energy efficiency.

This was the first in a new series of fi-compass thematic workshops. The 55 delegates included representatives from managing authorities, regional and national authorities, intermediate bodies, financial intermediaries, and consultants.

Pieter Coppens from the European Investment Bank welcomed participants, highlighting the importance of dialogue and exchanging experience to enhance the use of financial instruments, which was encouraged by the interactive format of the workshop.

Picture: Emily Smith, European Investment Bank; Junona Bumelytė, European Investment Bank; Agnė Kazlauskaitė, Ministry of Finance, Lithuania; Pieter Coppens, European Investment Bank.

The fi-compass case study from the Hauts-de-France region describes a financial instrument that supports both energy efficiency and renewable energy. The financial instrument is embedded in the wider strategic context of the region’s development. Its design is based on a regional market assessment that identified unmet needs for equity investments supporting the low carbon economy. It is currently the first regional thematic investment platform combining ESIF and EFSI resources. It benefits from a mezzanine loan from the European Investment Bank guaranteed by EFSI and provides equity and quasi-equity financing to SMEs and mid-caps developing projects related to the low carbon economy. Other features highlighted by the regional managing authority representative, Philippe Farvacque, and the fund managers Guillaume Thomé from Finorpa and Julien Watry from Nord Capital Partenaires, were the need for constant coordination between the managing authority and the fund manager, as well as the technical support grants also provided through the financial instrument aimed to support projects structuring before investment.

Picture: Q&A and peer-to-peer discussion at the event.

Lithuania's managing authority representative Agnė Kazlauskaitė highlighted the benefits of ESIF financial instruments to enhance the use of public resources. Lithuania has a lot of experienced in using financial instruments for multi-apartment buildings renovation. Experience from the 2007-2013 period has helped to design the follow-up programme in 2014-2020. The financial instruments have already helped improve living standards, as well as strongly benefiting the construction sector and diversifying energy supplies. The success of support for multi-apartment buildings will benefit future financial instruments targeting public buildings and wider infrastructure.

Lively dialogue involving delegates and EU experts confirmed participants’ interest and the importance of the topic. Delegates discussed the possibilities of additional technical support, the scope of eligibility requirements as well as the practical application of indicators for assessing projects.

In addition to being a unique learning experience, the seminar offered great exchange of best practices and networking opportunities.

Financial instruments for energy efficiency in the programming period 2014-2020, Vienna, 20 October 2016

Title Speakers
pdf file not yet available file not yet available file not yet available

Designing, setting up and implementing the Investment Platform – MA’s viewpoint

Philippe Farvacque, Region Hauts-de-France, France

pdf file not yet available file not yet available file not yet available

Investment Platforms and combining ESIF and EFSI resources

Alain Kauffmann, European Investment Bank

pdf file not yet available file not yet available file not yet available

Designing, setting up and implementing the Investment Platform – Fund manager’s viewpoint

Guillaume Thomé, Finorpa, France

Julien Watry, Nord Capital Partenaires, France

pdf file not yet available file not yet available file not yet available

JESSICA II in Lithuania in the 2014-2020 Operational Programme

Agnė Kazlauskaitė, Ministry of Finance, Lithuania

Junona Bumelytė, European Investment Bank