on financial instruments under the European
fi-compass is a platform for advisory services
Structural and Investment Funds (ESIF)
be an important tool for boosting EU agriculture.
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

Member States seminar series: The Netherlands

Picture: Norbert van den Hove, Deputy Director Entrepreneurship, Directorate-General for Enterprise and Innovation, Enterprise Department, The Netherlands

On 27 January 2016, financial instruments delivering ESI Funds were discussed at a seminar in The Hague, the Netherlands. The seminar was well-attended and forms part of a series of national seminars that will have been conducted in almost all EU Member States by mid-April 2016.

More than 60 people participated in the seminar in The Hague, including representatives from managing authorities and audit authorities, as well as from the banking and consultancy sectors.

Picture: Leo Bedford, Amber Infrastructure, United Kingdom; Kees van Drunen, Ministry of Economic Affairs, MA EAFRD Netherlands; Ruud van Raak, Rotterdam municipality, MA West Netherlands

The opening speech was given by Norbert van den Hove, Deputy Director Entrepreneurship, Directorate-General for Enterprise and Innovation, Enterprise Department, the Netherlands. Following the opening speech, lessons learned by the ERDF West Netherlands from the 2007-2013 programme and plans for the 2014-2020 period were presented. Furthermore, participants had the opportunity to learn more about financial instruments for agriculture and rural development in addition to the London Energy Efficiency Fund.

Picture: Event participant

The European Commission’s Directorate-General for Regional and Urban Policy presented the key novelties and official guidance concerning ESIF financial instruments and opportunities offered by the 2014-2020 framework. This was complemented by a presentation from the European Investment Bank about fi-compass advisory support.

Two parallel workshops during the seminar in the Netherlands focused on hands-on work following the life cycle of financial instruments with particular emphasis on the design phase. The participants actively 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.

The success of the seminar demonstrated that there is significant interest in financial instruments in the Netherlands. The delegates' discussions highlighted the potential for financial instruments to support job creation objectives. Many delegates appreciated learning about the advantages of financial instruments in comparison with grants, which helped encourage a move toward increased use of ESIF financial instruments in the Netherlands.

Similar events on the topic of ESIF financial instruments will take place in London (18 February), and Berlin (25 February), as well as in other Member States in the spring.

All of the presentations from the seminar in The Hague are available on the fi-compass website.

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