Who’s doing what with financial instruments under ESIF?

Published on 13 May 2016

Who is doing what with financial instruments under ESIF?

Information about Member States' plans for ESIF financial instruments is included in the EU Communication titled 'Investing in jobs and growth - maximising the contribution of European Structural and Investment Funds'.

Insights into all the Member States’ plans for ESIF financial instruments are available through the full official Communication text. Did you know for example that, compared to the 2007-2013 period:

  • Bulgaria has 70 % more funding earmarked for financial instruments. Most support will be directed towards energy efficiency, the waste and water sectors, SMEs, urban development and tourism. Bulgaria has also joined the SME Initiative, contributing EUR 102 million.
  • Lithuania has forecast an increase of more than 50 %.
  • Part of Germany’s funding for innovation and competitiveness, SMEs, energy efficiency, self-employment, entrepreneurship and business creation, will be delivered via financial instruments. The volume of loans, venture or equity capital is expected to increase by 18 %.
  • Finland has seen a significant reduction in ESIF-backed funding to financial instruments and the Member State is exploring possibilities to extend the use of financial instruments.
  • Maltese ESI funds for financial instruments are set to more than triple.
  • Swedish financial instruments using the ERDF will receive an increased allocation of EUR 133 million, representing a boost of around 80 %. Three types of financial instrument are planned: eight regional venture capital funds to support SMEs, a 'fund of funds' to support private venture capital funds and a national ‘green fund’.
  • In Cyprus, ex ante assessments have been launched in order to assess the scope for equity, loan and guarantee schemes in SME support.
  • Croatia expects to allocate more than EUR 440 million ESI Funds to financial instruments providing support for SMEs, R&D&I, energy efficiency, urban transport, self-employment and social entrepreneurship.
  • Latvian financial instruments worth EUR 185 million will be made available to support businesses and finance energy efficiency measures. Loan, guarantee and equity instruments will mainly be used to support SMEs and energy efficiency in buildings.
  • Belgian instruments are planned in Wallonia and Brussels only.
  • Hungary is almost tripling its allocation to financial instruments.
  • Romania and Portugal both report a four-fold increase in investment allocated for financial instruments.
  • Austria is planning to allocate EUR 3 million to financial instruments for equity investment through the HighTechFund Linz in Upper Austria, which provides venture capital to young technology-oriented enterprises in their seed/start-up phase and to companies that are expanding. Although investment in financial instruments is significantly lower than the 2007-2013 figure, Austria is managing to cover its needs using existing national instruments.
  • Luxembourg is not planning to use financial instruments due to the limited level of funding.
  • France's indicated volume of loans, venture or equity capital is expected to more than triple.
  • Concrete UK proposals for the prospective use of financial instruments have not yet been firmed up as the ex ante assessments are still on-going; however, indications so far are that the UK will increase its allocation to financial instruments by around 50 % compared to 2007-2013, exceeding EUR 1 billion.

More detailed information about all the Member States' plans for ESIF financial instruments is available through the full official Communication text (in all EU languages) at: http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A52015DC0639