A study published by fi-compass in February 2018 presents a first look into the financial gap for agricultural enterprises for short-term and for medium and long-term loans. It is based on established European Commission methodology (Ex-ante assessment of the EU SME Initiative, 2013) and incorporates improved calculations. The input variables are based on updated data from Eurostat, the Farm Accountancy Data Network (FADN) provided by DG AGRI and the SAFE survey. Wherever specific data for the agricultural sector was not available, approximations were used.
See the new EaSI TA newsletter featuring information about capacity building support from fi-compass for Europe’s microfinance sector. The newsletter is produced with Technical Assistance (TA) support from the first axis of the European Commission’s Employment and Social Innovation (EaSI) Programme. Click here to download and share the EaSI TA newsletter.
See the latest microfinance advisory news from EaSI TA, including success stories about the European Code of Good Conduct for Microcredit Provision, at https://goo.gl/2537bl. Other new briefing information has been released recently by the European Commission concerning the European Code of Good Conduct for Microcredit Provision.
In the 2014-2020 legal framework, the managing authority of a financial instrument has the possibility to choose between several implementation options for financial instrument(s), as appropriate. The purpose of this new guidance note is to explain the implementation options for the management of financial instruments under Article 38(1)(b) of the Common Provisions Regulation.
Financial instruments as a delivery mechanism for European Structural and Investment Funds post 2020
A workshop about financial instruments was organised by the European Commission's Directorate-General for Regional and Urban Policy - DG REGIO during the European Week of Regions and Cities. Entitled 'Financial instruments as a delivery mechanism for European Structural and Investment Funds (ESIF) post 2020,' the workshop's objective was to share experiences from experts involved with setting-up and implementing financial instruments in the 2014-2020 programming period, and to exchange ideas for ESIF post 2020.
Estonia holds the presidency of the Council of the European Union from July to December during 2017 and fi-compass has been speaking to some of the key actors involved with Estonian financial instruments to find out more about their perspectives. Estonia is one of the first Member States to have fully functional financial instruments contributing to all three of the objectives of EU policies for regional development, agriculture, and fisheries.
Lithuania's financial instrument promoting energy efficiency in apartment buildings has been featured as an interesting case study at
A new agricultural case study has been published by
The European Commission has recently published its final 'Summary of data on the progress made in financing and implementing financial engineering instruments reported by the managing authorities' from the 2007-2013 programming period. This data reflects the state of play at closure of 2007-2013 operational programmes (up to end of March 2017)
This 'Innovation Fund East Netherlands' was designed to help improve access to finance for the region's most promising entrepreneurs during the global economic crisis.
The fund manager, Participatiemaatschappij Oost (PPM Oost), provided equity and loans that many banks, venture capitalists, and business angels were considering too high risk.
PPM Oost also offered networking, training, and coaching opportunities. Results led to 33 SMEs investing EUR 25.7 million which created 325 new jobs.