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Abstract

The fi-compass series of advisory seminars in Member States included an event in the Czech Republic on 10 November 2015.

The seminar aimed to:

  • provide ministries, managing authorities and other relevant ESIF stakeholders from the public and private sectors with an opportunity to learn more about the advantages, features and suitability of financial instruments in delivering ESIF 2014-2020 objectives with a specific focus on the thematic priorities of the Czech Republic;
  • provide an opportunity to learn about and discuss in depth the technical challenges that the stakeholders are facing with regard to the design and set up of financial instruments; and
  • offer support for Member States and managing authorities by introducing relevant fi-compass learning material.

The seminar in Prague featured case studies on financial instruments; the opportunities offered by the 2014-2020 regulatory framework; and the advisory products issued by fi-compass to support the design and set-up of financial instruments. In addition, two hands-on oriented workshops were conducted with participants.

The final agenda

Photo Library

Financial Instruments delivering ESI Funds, Prague, 10 November 2015

Picture: Olga Letáčková, Deputy Minister for Section Management, National Coordination Authority Section, Czech Republic

On 10 November 2015, financial instruments delivering ESI Funds were discussed at a seminar in Prague, Czech Republic. This seminar was part of a series of seminars which will be conducted in 25 EU Member States into 2016.

Sixty-four people participated in the seminar in Prague, including representatives from managing authorities as well as from the banking and consultancy sectors.

Following the opening speech by Ms Olga Letáčková, Deputy Minister for Section Management, National Coordination Authority Section, practical experience on the use of financial instruments in the Czech Republic was presented. In addition, participants had the opportunity to learn more about the case of the London Green Fund in the United Kingdom.

Picture: Hanna Dudka and Robert Pernetta,
European Commission (DG REGIO)

Picture: Hanna Dudka and Robert Pernetta, European Commission (DG REGIO)

The European Commission’s Directorate-General for Regional and Urban Policies presented key novelties and official guidance concerning ESIF financial instruments. This was complemented by a presentation from the European Investment Bank on how fi-compass can help Member States to advance with financial instruments. Two parallel workshops during the Prague seminar focused on hands-on work following the life cycle of financial instruments with particular emphasis on the design phase. The participants discussed possible approaches and their own practical experience with a number of crucial issues regarding designing financial instruments and concerning the market assessment needed for the ex-ante assessment.

Picture: Event participants

The seminar showed that despite the challenging experience in the last programme period, financial instruments are progressing well within the Czech Republic’s ESIF implementation. The discussions highlighted the importance of starting early with the preparation of financial instruments and that more advisory services are needed for exploring the use of financial instruments with regard to specific topics and national legislation.

Financial Instruments delivering ESI Funds, Prague, 10 November 2015

Title Speakers
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Financial instruments in the Czech Republic 2007-2013

Jan Vaňkát, financial instruments specialist, Ministry of Regional Development - National Coordination Authority, Czech Republic

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The London Green Fund

Alex Conway, European Programmes Director, European Programmes Management Unit, Greater London Authority

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Risk capital for Bulgarian start-ups *

* Due to non-event related circumstances this presentation was not given during the seminar.

Hristo Stoyanov, Mandate Manager, European Investment Fund

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Opportunities offered by the 2014-20 framework

Hanna Dudka and Robert Pernetta, European Commission (DG REGIO)

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fi-compass advisory support

Pieter Coppens, European Investment Bank