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Abstract

The fi-compass series of advisory seminars in Member States included an event in London on 18 February 2016.

The seminar aimed to:

  • provide government bodies, 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;
  • 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;
  • offer support for Member States and managing authorities by introducing relevant fi-compass learning material.

The seminar in London featured case studies demonstrating the use of financial instruments in the United Kingdom; the opportunities offered by the 2014-2020 regulatory framework; the advisory products issued by fi-compass to support the design and set-up of financial instruments. In addition, stakeholders were able to participate in two hands-on oriented workshops.

The final agenda

Photo Library

Financial Instruments delivering ESI Funds, London, 18 February 2016

Picture: Roger Evans, Deputy Mayor of London

Financial instruments delivering ESI Funds were discussed at a seminar on 18 February in London, United Kingdom (UK). The seminar was part of the national seminars that have been taking place in almost all EU Member States since autumn 2015.

Approximately 100 people attended the seminar in London, including representatives from managing authorities, audit authorities, financial intermediaries and consultants from the UK and other European countries.

Picture: Charles Hamilton, Head of EU Programmes, Invest Northern Ireland; Grant Peggie, Director, British Business Bank; Cameron Cook, Amber Fund Management Limited, Scotland; David Read, Department of Communities and Local Government, United Kingdom

Roger Evans, the Deputy Mayor of London, gave the opening speech. He talked about the opportunity to learn from projects involving financial instruments in the UK as well as in other EU member states, and opened the floor for a fruitful event. Following the opening speech, four case study presentations covered the implementation of financial instruments in the UK. More specifically England’s JEREMIE experience in 2007-2013 as well as the progress in the set up and design of financial instruments in 2014-2020 was presented from the managing authority perspective, while the JESSICA experience was given from the fund managers’ point of view. Participants had the opportunity to learn more about SME support through financial instruments in the UK, as well as the ex-ante assessment process and the experience of financial instruments in Northern Ireland, Scotland.

Picture: Event participants

The European Commission’s Directorate-General for Regional and Urban Policy presented the key novelties and official guidance concerning ESIF financial instruments and the opportunities offered by the 2014-2020 framework. During this session the opportunities for implementing financial instruments under the EMFF were also presented by the Directorate-General for Maritime Affairs and Fisheries. This was complemented by a presentation from the European Investment Bank about fi-compass advisory support.

Financial Instruments delivering ESI Funds, London, 18 February 2016

Title Speakers
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Overview of financial instruments in the UK 2007-13 and 2014-2020

David Read, Department of Communities and Local Government, United Kingdom

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Scottish Partnership for Regeneration in Urban Centres (SPRUCE)

Cameron Cook, Amber Fund Management Limited, Scotland

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Northern Powerhouse Investment Fund

Grant Peggie, Director, British Business Bank

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Financial Instruments for SMEs

Charles Hamilton, Head of EU Programmes, Invest Northern Ireland

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Opportunities offered by the 2014-20 framework

Ieva Zālīte, European Commission (DG REGIO)
Miguel Peña Castellot, European Commission (DG MARE)

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fi-compass advisory support

Emily Smith, European Investment Bank

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EC Guidance

Hanna Dudka and Ieva Zālīte, European Commission (DG REGIO)