This case study describes the SELFIEmployment financial instrument in Italy which provides financial support through micro and small loans at zero interest rate for people Not (engaged) in Education, Employment or Training (NEET) to enhance their self-employment and entrepreneurship initiatives, thus increasing their chances of being included in the labour market.
Also: examples of good practice
This case study from fi-compass explains a loan fund providing agri-food investment support through the Mecklenburg-Vorpommern Rural Development Programme (2014-2020) in Germany. The financial instrument targets micro, small and medium-sized enterprises (SMEs), as well as start-ups.
The Credit Fund set-up by Italy’s Lombardy regional Rural Development Programme (2014-2020) supports agri-food companies aiming to increase value added along the entire food production chain.
This fi-compass case study describes the process of drafting the ex-ante assessment covering the potential use of financial instruments in Sweden under the European Regional Development Fund during the 2014-2020 programming period. The case study outlines the ex-ante process and highlights the importance of previous experience and lessons learned.
Case study (Financial instruments for rural development 2014–2020, Occitanie/Pyrénées-Méditerranée, France)
This case study features a financial instrument from France's Occitanie/Pyrénées-Méditerranée Region that uses the European Agricultural Fund for Rural Development (EAFRD). It is implemented through a fund of funds structure (named FOSTER TPE-PME) which aims at improving funding conditions for final recipients through financial instruments, including First Loss Portfolio Guarantees (FLPG) supporting the agricultural, food and forestry sectors.
This study explains how the Innovation Fund in East Netherlands, co-funded by the European Regional Development Fund (ERDF) in the 2007-2013 programming period, addressed a regional market gap for access to finance. Target recipients were small and medium-sized enterprises (SMEs) in the food, health and technology sectors, with no track record and in the early development stage. The fund manager, Participatiemaatschappij Oost (PPM Oost), provided equity and loans combined with non-financial support such as networking, training and coaching.
This study describes how European Union co-financed financial instruments mixed with grants contributed to a better business environment under the ‘Programme of Financial Engineering Instruments for small and medium-sized enterprises’. This innovative programme combined funding from the European Regional Development Fund (ERDF), the European Social Fund (ESF) and national resources, creating synergies such as encouraging debt financing with grants and strengthening access to financial products with technical support.
This case study illustrates CAP Troisième Révolution Industrielle (CAP TRI), a financial instrument supported by the 2014-2020 European Regional Development Fund (ERDF) Operational Programme in the region of Nord‑Pas de Calais in France. CAP TRI is the first public‑private financial instrument combining resources from European Structural and Investment Funds (ESIF), with European Investment Bank (EIB) funding guaranteed by the European Fund for Strategic Investments (EFSI), and private investors.
This case study shows that it is possible to promote social inclusion through mezzanine capital if a funding gap for this type of finance is clearly identified, and financial intermediaries are experienced and well-established in the relevant areas.
This case study illustrates how the Central Denmark Entrepreneurship Fund (Midtjysk Iværksætterfond ‑ MIF), a financial instrument established in 2012 with European Social Fund (ESF), national public and private funding, supported new, knowledge‑intensive and innovative businesses in the Central Denmark region. Set up by the Danish Business Authority, the managing authority of the ESF Operational Programme ‘Regional competitiveness and employment’ 2007‑2013, the MIF provided incubator services as well as loans, quasi‑equity and equity, together with co-investors.