The European Commission's Directorate-General for Employment, Social Affairs & Inclusion (DG EMPL) and the European Investment Bank are looking into the crowdfunding sector as a suitable area to develop financial instruments.
The ESSOR PME financial instrument featured at FI Campus 2019, has helped support the innovative local business, Datarocks.
Set up in 2014 in Sainte Marie, La Réunion, Datarocks develops and sells innovative IT solutions to help businesses transpose their raw data into interactive ergonomic dashboards. Thanks to a EUR 451 000 equity investment from the ESIF financial instrument, ESSOR PME La Réunion, the company has been able to grow and attract international customers such as Nokia or Thales.
Financial instruments have become an integral part of the European Agricultural Fund for Rural Development (EAFRD) tool box over the last few years. Recently, their importance has further increased with demand for financing from farmers growing significantly, as shown by the fact that 95% of the financing package for agriculture and bioeconomy announced by the European Investment Bank (EIB) and the European Commission in April 2019 had been committed within six months.
Frédéric Salles, a 43-year-old Montpellier entrepreneur, is at the head of Matooma, a M2M service company that provides multi-operator SIM cards connecti
This fi-compass Showcase 2019 submission is a video story about three interconnected urban development projects that were undertaken in Sofia, Bu
This fi-compass Showcase 2019 submission is a video story about the Old Slaughterhouse – a historical building situated in the Łasztownia district of Szczecin in the West Pomerania region in Poland. With help of a loan from the JESSICA initiative, co-financed with resources from the European Regional Development Fund (ERDF), the Old Slaughterhouse building was restored and is used now to host a number of companies.
This fi-compass Showcase 2019 submission is a video story about three interconnected urban development projects that were undertaken in Sofia, Bulgaria and received loans from the Urban Development Funds of Sofia: the Fund for Sustainable Urban Development (FSUD) and the Sustainable Cities Fund (SCF), co-financed with European Regional Development Fund (ERDF) resources.
The two first projects showcased in the video:
• the construction of a multifunctional sports complex, and
• the construction of Park Vazrazhdane,
received loans from the FSUD, an urban development fund under the JESSICA initiative.
The third project shown in the video:
• the expansion of the park area and construction of a thermo-mineral recreation complex
received a loan from the SCF, an urban development fund for Sofia, which was selected by the Bulgarian Fund of Funds (Fund manager of financial instruments in Bulgaria – FMFIB) in 2018.
The three urban development projects showcased in the video are located next to each other on a previously degraded area which has now become a center of attraction for sports activities, recreation, socialising and entertainment for the residents and guests of Sofia. The implementation of the three projects is a great example of an integrated approach using the financing from the Urban Development Funds of Sofia: FSUD and SCF.
