on financial instruments under the European
fi-compass is a platform for advisory services
Employment and Social Innovation (EaSI).
Structural and Investment Funds (ESIF) and
microfinance under the Programme for
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

The Beacon - April 2015

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The Beacon April 2015  

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Advancing with

A push for ESIF Financial Instruments
Having established the need to make Europe more attractive for investment and channel these investments where they are most needed, the European Commission recently announced a €315 billion Investment Plan over the next three years to boost jobs and growth (COM(2014)903). The plan was immediately substantiated by the proposal to create a new European Fund for Strategic Investments (EFSI), to provide for additional risk financing. This is the first pillar of the plan. The second pillar is about making investment happen in the real economy with better technical assistance. This must be complemented by a series of measures to remove barriers to investment and to create a true Single Market, which is the third pillar. In addition, Member States are being urged to boost the impact of ESI Funds and encouraged to double the use of financial instruments in key investment areas for the programming period 2014-2020.
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The new fi-compass advisory hub is NOW LIVE!

The platform offers a wide range of resources for Member States, managing authorities, financial institutions, project leaders and all stakeholders.

There is a wealth of useful tools accessible on the website, including a short illustrative video on the benefits of financial instruments and an explanatory factsheet on how they work.

illustration picture

If you are looking for information on how financial instruments can be deployed under the specific ESI Fund, please have a look at the corresponding brochures.

For regulatory guidance, the European Commission has published a short reference guide on the main elements of the 2014-2020 legislation on financial instruments.

Other useful material includes manuals, articles,
as well as a calendar of events and technical documents.

If you would like to know how others have used financial instruments in the past, you can go though the different case studies available here.

Do use the sophisticated search tool to access targeted information and support.

Launch of fi-compass
fi-compass  was launched by the European Commission and the European Investment Bank on 19-20 January in Brussels, as the new platform for advisory services on financial instruments under the European Structural and Investment Funds (ESIF) and microfinance under the Programme for Employment and Social Innovation (EaSI). Read more

The SME initiative, a tangible support programme
The SME Initiative is a concrete tool available for Member States to stimulate additional lending to SMEs by the banking sector. It offers a number of advantages.
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Peer-to-Peer Initiative
The Directorate-General for Regional and Urban Policy has recently launched a new tool for peer-to-peer exchanges among managing, certifying and audit authorities (and intermediate bodies) in Member States, called "Regio Peer 2 Peer". Read more

DG AGRI – EIB Memorandum of Understanding on co-operation in the field of agriculture and rural development within the EU
Last month, the European Commission (DG AGRI) and the EIB organised a joint high-level conference on the co-operation between the two institutions in the fields of agriculture and rural development.
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EaSI workshop
The first EaSI workshop took place on 1 December in Brussels and focused on the European Code of Good Conduct for Microcredit Provision and EaSI financial instruments.

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Multi-region assistance
fi-compass  multi-region assistance will provide EU funding to projects of at least two managing authorities from different EU Member States.
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EaSI microfinance advice
Call for identification of beneficiaries

Under fi-compass,  selected European microfinance providers can benefit from an institutional assessment or rating, to be followed by tailored trainings to increase the quality of their internal processes. Read more

Upcoming events
ERDF/CF seminars
Three fi-compass seminars are being organised in Brussels (27 May 2015), Vienna (02 June 2015) and Warsaw (09 June 2015).

AGRI conference Dublin June
The first European fi-compass  conference on financial instruments under the EAFRD will take place in Dublin, 23-24th June, 2015.

SME workshop
The Commission organises on 23 April 2015 in Brussels (in the premises of the Committee of the Regions), in cooperation with the Spanish and Maltese authorities as well as EIB and EIF, a workshop on the SME Initiative.
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Other events
Information regarding new events will be published as they are annouced, so please make sure you check the calendar on the fi-compass website regulary.
Points of view

The Investment Plan explained
This article explains the role of ESIF financial instruments in reaching the objectives of Invest EU, as well as the details of the support offered by fi-compass.  Article from Panorama Magazine

CSI Europe
CSI Europe is an URBACT network that focuses on the involvement of cities in Urban Development Fund (UDF) structures and the way these ESIF financial instruments can be more effectively embedded in future city planning and governance.
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Research: Lessons learnt from the 2007-2013 programming period
DG REGIO, the Latvian Presidency, the Regional Studies Association and the University of Latvia co-organised the conference “Challenges for the New Cohesion Policy in 2014-2020: An Academic and Policy Debate” (Riga, 4-6 February 2015) to debate the challenges facing cohesion policy up to 2020. Read more

New report: Boosting finance in energy efficiency investments in buildings, industry and SMEs.
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Smart investments for cities.
The URBACT CSI Europe network shares it’s learning on financial instruments.

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Share your expertise and get involved
Sharing best practices will be a great way to improve the performance of financial instruments under the new Investment Plan. If you have used financial instruments successfully or if you would like to contribute to the
fi-compass  platform, please get in touch by writing to contact@fi-compass.eu

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