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. The financial instrument was developed to help Nord‑Pas de Calais become the first carbon‑neutral region in France by 2050.
With initial investment funding of EUR 37.5 million, as well as EUR 2.5 million for technical support in the form of grants, the financial instrument aims to stimulate investments in projects of EUR 100 million and is currently raising funds from public and private investors. CAP TRI’s overall objective is to provide equity and quasi‑equity, primarily for small and medium‑sized enterprises, but also for mid‑caps and special purpose vehicles.