The interviews were filmed during the fi-compass Member State seminar which took place in Madrid on 18 November 2015. Please read the whole story of this event and download all the seminar materials related here.
This video presents three interviews about financial instruments for the European Maritime and Fisheries Fund (EMFF). The interviews were filmed during the fi-compass Member State seminar which took place in Madrid on 18 November 2015.
A new European Commission Guidance note has been published to clarify how Member States should deal with interest or other gains generated from the investment of European Structural and Investment Funds (ESIF) contributions to financial instruments. In the context of ESIF, the term 'treasury management' is used in relation to Article 43 of the Common provisions regulation which provides for investing the ESIF contribution to a financial instrument following the principles of sound financial management, and regulates the use of interest and other gains generated thereto.
The Juncker Commission’s top priority is to get Europe growing again and to increase the number of jobs without creating new debt. The European Fund for Strategic Investments (EFSI) – the heart of the Investment Plan for Europe - and European Structural and Investment Funds (ESI Funds) both play a crucial role in creating jobs and growth. The Commission, in partnership with the European Investment Bank (EIB), has today published a new brochure that explains how to best combine EFSI and ESI Funds. This brochure is designed to help local authorities and project promoters make full use of the opportunities from these two instruments, which have been designed in a different but complementary way in terms of rationale, design, and legislative framework. They reinforce each other.
Financial instruments such as loans, bank guarantees, equity investments and venture capital can be co-funded by the European Structural and Investment Funds. These financial instruments are an efficient way to invest in the growth and development of people and businesses across the EU.
An ex-ante assessment is a crucial, and therefore mandatory, step in the overall lifecycle of European Structural and Investement Funds (ESIF) financial instruments. Ex-ante assessments help everyone involved to understand the investment needs in a specific area. Results from the ex-ante work will also confirm the role that financial instruments can play in achieving policy objectives for ESIF programmes. This video points out seven key aspects of the ex-ante process. These cover market assessment procedures as well as advice about how to confirm delivery and management details.
The importance of knowledge about using ex-ante assessments properly was one of the main conclusions from the recent fi-compass event focused on the European Agricultural Fund for Rural Development (EAFRD). Knowhow about this and other systematic approaches involved in setting up an EAFRD financial instrument where noted as being extremely useful for EAFRD managing authorities.
Other key topics discussed by the seminar speakers and delegates included the benefits of financial instruments for farmers and agri-food businesses in terms of access to funding, as well as the benefits to managing authorities such as leverage (performance) opportunities.
Good working relationships between managing authorities and financial intermediaries was another piece of valuable advice highlighted during the event, which also emphasised the role that fi-compass can play in supporting the creation of financial instruments under the EAFRD.
Please read the whole story of this event and download all the seminar materials related here.
Managed by SORIDEC, SAS JEREMIE Languedoc-Roussillon is a co-investment venture capital vehicle which takes equity in technology-based small and medium-sized enterprises (SMEs) active in different sectors inter alia, health, information technology, robotics and services for the environmental and manufacturing sectors.
Members of the fi-compass Community of Practice met in Paris to discuss success factors for financial instruments supported by the European Social Fund. Delegates were able to learn from lessons highlighted by other countries as well as share their own ongoing experiences with financial instruments.
