Mr Phil Hogan, European Commissioner for Agriculture and Rural Development
Recorded at: Addressing price volatility and financing needs of young farmers and agriculture
The fi-compass workshop ‘Implementation of financial instruments in the Czech Republic and in Slovakia’ was held on 21 and 22 May 2019 in Prague, Czech Republic. The main objectives of the event were to identify the key practical challenges and to discuss possible concrete solutions to successfully implement ESIF financial instruments in six specific sectors in the two Member States.
The new fi-compass case study features the financial instrument developed to support the Energy Savings in Existing Housing Programme in Greece. The case study describes how the holding fund was established to achieve the objectives of four regional Operational Programmes (OPs) and two sectoral OPs.
The Energy Savings in Existing Housing Programme in Greece (the Programme) was established in 2010 as a holding fund to achieve the objectives of four regional Operational Programmes (OPs) and two sectoral OPs. The Programme, co-funded by ERDF, provided partially subsidised loans combined with non-repayable grants to support household energy saving investments.
At the end of the period of investment, 51,152 households had been assisted in reducing their energy consumption.
The European Investment Bank (EIB) and the European Commission have launched a EUR 1 billion loans package for agriculture and the bioeconomy with specific targets to support younger farmers, alongside new fi-compass advisory products. The sum will be matched by the implementing financial institutions, thereby mobilising close to EUR 2 billion of long-term financing for SMEs in the sector.
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