Q&A panel – Coronavirus Response Investment Initiative

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Oana Dordain, Policy Officer, Financial Instruments and Relations with International Financial Institutions Unit, DG REGIO, European Commission 

Ieva Zālīte, Policy Officer, Financial Instruments and Relations with International Financial Institutions Unit, DG REGIO, European Commission 

Krzysztof Kasprzyk, Policy Officer, Financial Instruments and Relations with International Financial Institutions Unit, DG REGIO, European Commission 

Petr Lapka, Deputy Head of Unit, DG AGRI, European Commission 

Szilvia Bencze, Policy Officer, DG AGRI, European Commission 

Andrea Leruste, Deputy Head of Unit, DG EMPL, European Commission 

Andrea Da Pozzo, Policy Officer, DG EMPL, European Commission 

Desmond Gardner, Financial Instruments Advisor, European Investment Bank 

Recorded at: ESIF financial instruments under the Coronavirus Response Investment Initiative

fi-compass Showcase 2019 submission – watch a video story from Italy: San Giorgio

fi-compass Showcase 2019 submission – watch a video story from Italy: San Giorgio

This ‘fi-compass Showcase 2019’ submission is a video story about the company San Giorgio, founded back in 1980 as a small pastry shop, which gradually expanded and became a major Italian industrial manufacturer in the frozen confectionary sector, employing today 180 people.

 

fi-compass Showcase 2019 submission – watch a video story from Italy: San Giorgio

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This ‘fi-compass Showcase 2019’ submission is a video story about the company San Giorgio, founded back in 1980 as a small pastry shop, which gradually expanded and became a major Italian industrial manufacturer in the frozen confectionary sector, employing today 180 people.

The Sweet Campania project brings together 8 companies in the production supply chain, headed by San Giorgio and AMBROSIO IDAV. The project received a loan of over EUR 6 800 000 from Fondo Rotativo Contratti di Sviluppo Asse III, a financial instrument co-financed with resources from the European Regional Development Fund (ERDF), in combination with a grant.

In the video Fiorenzo Cirillo, Project Leader, explains that the Sweet Campania initiative helped to improve the value generated within the supply chain. The project reinforced the companies’ ability to take on international challenges, to increase their turnover and to employ additional people.

Emilio Ambrosio from AMBROSIO IDAV states how the project enabled them to achieve their development goals, in terms of both quality and size, with the support of European Union resources. “We are also planning future growth, partly by expanding the objectives of the project we have brought forward so far”, he concludes.

Factsheet – Responding to the COVID-19 crisis through financial instruments

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This fi-compass factsheet aims to assist the mobilisation of ESIF financial instruments, including in combination with grants, to respond to the COVID-19 health crisis and its social and economic impact. It describes the new flexibilities under the Coronavirus Response Investment Initiative (CRII) and CRII Plus and how they can be used to facilitate support through ESIF financial instruments to ensure the continued supply of affordable finance to individuals and businesses most affected by the crisis. 

fi-compass Jam Sessions. A new series of podcasts launched

fi-compass Jam Sessions. A new series of podcasts launched

fi-compass has launched a new podcast series with a discussion with Axel Badrichani, Deputy Head, DG REGIO, on how ESIF financial instruments can be used under the Coronavirus Response Investment Initiative. This is the first of a new series of podcasts which will be informal and accessible and designed to generate new insights through the exchange of expertise. The podcasts will be suitable for a wide range of stakeholders with different levels of knowledge of financial instruments.

 

European Structural and Investment Funds (ESIF) and Energy Performance Contracting (EPC)

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Energy Performance Contracts (EPCs) are contractual arrangements typically between a building owner and an energy service company (‘ESCO’), where the ESCO invests in energy efficiency measures and guarantees energy savings over the duration of the contract. By linking compensation to the performance of the implemented projects, the client pays for actual savings and not for the investment. This report describes the key features of EPC, its advantages and how ESIF financial instruments can help upscale the EPC market in the future.

Financial instruments for energy efficiency – Lithuania highlighted as best practice by European Court of Auditors

Financial instruments for energy efficiency – Lithuania highlighted as best practice by European Court of Auditors

Use of financial instruments or market mechanisms are highlighted in a new report from the European Court of Auditors (ECA) as key considerations for Member States to take into account in preparing their 2021-2027 Operational Programme interventions in this sector.