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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
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be an important tool for boosting EU agriculture.
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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

Glossary

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Title Term Definition
GAFMA Guidelines for SME Access to Finance Market Assessments: a methodology developed by the EIF to be used to prepare market assessments to identify market failures, suboptimal investment situations and investment needs related to the access to finance of micro-enterprises and SMEs.
General Block Exemption Regulation (GBER) As part of the rationalisation and simplification of State Aid rules, the Commission adopted a General Block Exemption Regulation (GBER). The GBER declares certain categories of aid compatible with the common market in application of Articles 87 and 88 of the Treaty. The main purpose of the block exemption approach is to obviate the need for prior notification and approval of aid schemes in areas wherethe Commission has defined the circumstances in which it will find aid to be compatible with the common market.
Grant Direct financial contributions, by way of donation, from the budget in order to finance either an action intended to help achieve an objective part of a EU policy or the functioning of a body which pursues an aim of general European interest or has an objective forming part of a EU policy.
Guarantee A written commitment to assume responsibility for all or part of a third party's debt or obligation or for the successful performance by that third party of its obligations if an event occurs which triggers such guarantee, such as a loan default.