This factsheet aims to present key features of equity financial instruments, together with industry best practice, to support managing authorities and other fi-compass stakeholders seeking to implement equity 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.
This case study describes a microcredit financial instrument implemented in Saxony, Germany. It provides affordable and tailored financing for microentrepreneurs active in the region, together with soft-support aimed at increasing the technical capacity of the final recipients. The case study shows how ESF can complement local strategies, supporting employment and entrepreneurship with flexible financial products.
This document aims to describe models Managing Authorities (MAs) may use to support energy efficiency projects that combine grants with loans in a single financial instrument operation. The model financial instruments are intended to provide a non-exhaustive insight into the potential for MAs to use the new flexibilities in Article 58 of the Common Provisions Regulation (CPR).
This case study describes the set-up and implementation of a financial instrument under the Rural Development Programme (RDP) 2014-2020 in Croatia aimed at supporting access to funding for the agricultural sector. The instrument includes micro and small loans for rural development, and third financial product that was added during the COVID-19 crisis – micro working capital loans.
This case study covers two financial instruments implemented in Bulgaria under the Operational Programme Human Resource Development (HRDOP): a Risk sharing micro-finance facility and a Capped portfolio guarantee for microloans. Both instruments target Start-ups, included owned and managed by youths under 29, disabled people and unemployed people and social enterprises. The case study explores Bulgaria’s experience with ESF financial instruments, from the Programme’s inception in May 2015 to January 2022. The document also provides a picture of the process of transitioning from a grant-only culture to financial instruments.
This document aims to describe a model financial instrument that managing authorities may use for quasi-equity financial instruments co-financed with shared management funds. The model financial instruments are intended to provide a number of examples pointing to the potential for managing authorities to use quasi-equity financial instruments in the 2021-2027 programming period.