Also: examples of good practice

Case study (SELFIEmployment, Italy)

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.

Case study (Loans and guarantees for SMEs - The JEREMIE Initiative in Cyprus)

This case study illustrates how financial engineering instruments co-financed by the European Regional Development Fund (ERDF) were used in Cyprus, a Member State with no prior experience of this type of support, to address the lack of finance for small and medium-sized enterprises (SMEs). The financial products (loans with lower interest rates and lower collateral requirements than commercial bank loans) supported the sustainable development of over 500 Cypriot SMEs, contributing to regional development in Cyprus.

Case study (TEPIX Business Restart' Action, Greece)

This case study shows how close cooperation between stakeholders led to a well-positioned financial instrument that could provide finance to micro, small and medium-sized enterprises in a crisis-hit market. Set up under the TEPIX (or ‘Entrepreneurship Fund’) holding fund, the ‘TEPIX Business Restart’ Action was co-funded by the European Regional Development Fund through five Greek Operational Programmes. The financial instrument provided loans across Greece to existing SMEs and start-ups.

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.

Case study (Innovation Fund, East Netherlands)

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.

Case study (Financial Engineering Instruments for SMEs, Slovenia)

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.