Factsheets on ERDF financial instruments
Explore three fi-compass factsheets focussing on the main financial instrument products: loans, guarantees and equity. Discover key features of these products and learn from successful examples of their use with ERDF resources across the EU.
ERDF loan financial instruments
This factsheet aims to present key features of loan financial instruments, together with industry best practice, to support managing authorities and other fi-compass stakeholders seeking to implement loan financial instruments in the future. In addition, relevant fi-compass resources will be highlighted for users to access to find further information on the topics featured in this factsheet.
Financial instruments for a younger and modern agricultural sector
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Discover the stories of several SMEs in Spain who achieved their dreams with the help of the EAFRD guarantee. This financial instrument provided them with quick and easy access to flexible financing, enabling them to cover a wide range of assets, from improving water consumption to updating machinery. With this support, these businesses were able to thrive and grow, showcasing the impact of strategic investment in their success and the subsequent advantages for the local regions.
Growth & Sustainability Loan Scheme in Ireland
The Growth & Sustainability Loan Scheme (GSLS) features a national counter-guarantee facility launched in 2022 by the Government of Ireland targeting SMEs, Small Mid-Caps, farmers, and fishers with the objective to bridge the gap in longer-term, affordable finance that many enterprises face in Ireland. The European Investment Fund has been entrusted as the body implementing the financial instrument, which provides a counter-guarantee to the Strategic Banking Corporation of Ireland (SBCI) – the national promotional bank of Ireland acting as financial intermediary.
Interviews with the Spanish Ministry of Agriculture, Fisheries and Food and SAECA
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Agriculture is a cornerstone of the Spanish economy, contributing 10% to the GDP and providing a significant number of jobs. To support this vital sector, a financial instrument was established to offer autonomous communities a coordinated management framework with common application conditions. This framework aims to negotiate better terms and cover projects that are viable but considered too high-risk for conventional financial institutions.
In this interview, hear from Isabel Bombal Diaz, Director General of Rural Development, Innovation and AGRI-food, Fisheries and Food, and Pablo Pombo Gonzalez, President Sociedad Anónima Estatal des Caucion Agraria, SAECA about the importance of financial instruments for the agricultural sector in Spain.
ERDF guarantee financial instruments
This factsheet aims to present key features of guarantee financial instruments, together with industry best practice, to support managing authorities and other fi-compass stakeholders seeking to implement guarantee financial instruments in the future. In addition, relevant fi-compass resources will be highlighted for users to access to find further information on the topics featured in this factsheet.
Financial instruments and grants combination for energy efficiency of multi-apartment buildings in Latvia
This case study highlights Latvia’s Energy Efficiency Programme for Multi-apartment Buildings (EEPMB) which used 2014-2020 ERDF resources and combined two financial instruments (a guarantee and a loan) with grants to support energy renovations in residential multi-apartment buildings. Managed by Altum, Latvia's state development finance institution, the programme supported renovation of 624 projects.