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be an important tool for boosting EU agriculture.
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Abstract

Three identical fi-compass seminars are being organised in three locations in the EU Member States (Paris, Rome and Warsaw). 

The purpose of the seminar is:

  • to provide Member States and managing authorities with the opportunity to learn more about the advantages, features and suitability of financial instruments in delivering ESIF 2014-2020 objectives, in particular the ESF;
  • to provide the opportunity to discuss in depth the technical challenges that the managing authorities and the Member States are facing at the moment in regards to the design and set up of financial instruments; and
  • to present the regulatory framework and key novelties of the financial instruments and the fi-compass support available.

Participants can expect to further their understanding of how financial instruments can help in their efforts to deliver ESIF 2014-2020 objectives, under the European Social Fund in particular. Case studies on financial instruments solutions developed by regions and Member States, the guidance by the European Commission and the support by fi-compass will be presented in these three seminars. In addition, a training session on the ex-ante assessment in the context of ESF will be provided.

The final agenda

Photo Library

Seminar: Financial Instruments for delivery of the ESF, Rome, 21 October 2015

On 21 October 2015, financial instruments delivering the ESF were discussed at a seminar in Rome. This seminar was part of a series of seminars conducted in Paris, Rome and Warsaw.

Around 80 participants attended the seminar in Rome. This shows high interest in financial instruments under the ESF. Following the opening and welcome speeches by Leonardo Colucci, European Commission and Pieter Coppens, European Investment Bank practical experiences on the use of financial instruments under the ESF were presented. This included three examples from Italy and one example from Lithuania.

Picture: Audrius Zabotka, INVEGA, Lithuania

The Enterprise promotion fund in Lithuania is a good example of promoting business start-ups, entrepreneurship and job creation with the help of microloans and training for final recipients. The JEREMIE initiative in Lombardy was a pioneering exercise. A lesson learned was the process of selecting he financial intermediary. The Marche region in Italy showed the use of microcredit to promote entrepreneurship, offering jobless individuals the resources and training needed to set up a business. Finally the JEREMIE experience in Sicily has been presented.

Picture: Event participants

The presentations of practical examples was followed by a presentation on ESF programmes and the potential use of financial instruments, a presentation on the fi-compass support to ESF programmes and a presentation in financial instruments to support employment and social innovation under the EU programme for Employment and Social Innovation, going more in-depth on the potentials for microcredits.

The seminar concluded with training on the ex-ante assessment, a pivotal element in the design and set-up phases of the financial instrument. Participants were invited to discuss the basic steps of an ex-ante assessment. The groups were split by the most common thematic objectives in ESF programmes, TO8, TO9 and TO10. Lively table discussions lead to the conclusion that the ex-ante assessment as a central element for financial instruments, which can determine the success of the instrument.

Picture: Paolo Zaggia, Finlombarda, Italy

Seminar: Financial Instruments for delivery of the ESF, Rome, 21 October 2015

Title Speakers
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Introduction – key features of Financial Instruments

Alessandro Valenza, fi-compass expert

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State of play of Financial Instruments in the ESF 2014-2020 programmes
Case studies presented: challenges and solutions

Audrius Zabotka, INVEGA, Lithuania

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State of play of Financial Instruments in the ESF 2014-2020 programmes
Case studies presented: challenges and solutions

Paolo Zaggia, Finlombarda, Italy

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State of play of Financial Instruments in the ESF 2014-2020 programmes
Case studies presented: challenges and solutions

Mauro Terzoni, Marche region, Italy

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State of play of Financial Instruments in the ESF 2014-2020 programmes
Case studies presented: challenges and solutions

Gianluca Palermo, European Investment Fund, Sicily JEREMIE ESF

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The ESF programmes and the potential use of Financial Instruments

Andrea Da Pozzo, European Commission

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The fi-compass support to ESF programmes

Bruno Robino, European Investment Bank

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Financial instruments to support employment and social innovation: EU Programme for Employment and Social Innovation (EaSI)

Riccardo Aguglia, European Investment Fund

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Financial instruments to support employment and social innovation: EU Programme for Employment and Social Innovation (EaSI)

Christos Pouris, European Investment Bank

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Training session on design of Financial Instruments under ESF 

Alessandro Valenza, fi-compass experts

Giovanni Familiari, fi-compass experts

Michele Alessandrini, fi-compass experts