Case study

The Campania region launched the Microcredit Fund at the end of 2011, with € 100 million of resources committed from the European Social Fund. Read more on how it improves access to finance for young people, the unemployed, women, migrants. Other case studies on the use of ESIF financial instruments in practice can be found here...

Financial Instruments delivering ESI Funds

The European Fund for Strategic Investments (EFSI) can exploit synergies with the European Structural and Investment Funds (ESIF). EFSI is an initiative launched jointly by the European Commission (EC) and the European Investment Bank (EIB) Group to assist in overcoming the current investment gap in the EU by maximising the impact of public resources and by mobilising private financing for strategic investments. Legally speaking, EFSI is not a stand-alone fund. It is formally a contractual arrangement between the EC and the EIB Group, consisting of an EU budget guarantee (€ 16 billion) complemented by an EIB capital contribution (€ 5 billion) to leverage total private and public investment of € 315 billion over the next three years. It has its own dedicated governance structure thus ensuring its focus on its specific objectives, namely to increase the volume of higher risk projects supported by the EIB Group and address market failures in risk-taking which hinder investment in Europe. The rationale of EFSI is to allow EIB to provide additional catalytic, risk-bearing capacity and unlock additional sources of financing in delivering greater societal and economic value.

Promoting financial instruments for agriculture and rural development

The importance of knowledge about using ex-ante assessments properly was one of the main conclusions from the recent fi-compass event focused on the European Agricultural Fund for Rural Development (EAFRD). Knowhow about this and other systematic approaches involved in setting up an EAFRD financial instrument where noted as being extremely useful for EAFRD managing authorities...

Supporting financial instruments through European Social Fund (ESF)

Financial instruments and the ESF were under the spotlight in Paris this week at a regional seminar organised by fi-compass. Participants from around Europe attended the event which highlighted useful experiences from existing loan funds supporting the types of activities that are relevant for ESF purposes. Advice and experiences were also exchanged by the Paris participants about the range of fi-compass advisory material that is available to help ESF stakeholders. A special session for instance was organised to increase awareness about how to use an ex-ante assessment methods for ESF financial instruments. Outcomes helped the participants to build their capacity in designing and setting up an effective financial instrument. Other speakers drew attention to possible synergies between ESF programmes and EaSI – the EU-level financial instrument for Employment and Social Innovation.

Rural Development Programme financial instruments

A new article about financial instruments for Rural Development Programmes has been produced by the European Network for Rural Development (ENRD) in their EU Rural Review magazine. Advisory services provided by fi-compass for the European Agricultural Fund for Rural Development are spotlighted in the article, which also includes a range of other useful information for people interested in financial instruments for the Rural Development Programmes. See the article on our EAFRD page at the fi-compass website. German, French, Italian, Polish and Spanish translations of the article will also be published soon by the ENRD.

Guide to financial instrument products

A new short reference guide about different financial instrument products is now available from fi-compass. The guide illustrates the key features and differences between products such as loans, guarantees, equity and quasi‑equity. It has been produced as a useful information source for managing authorities, financial intermediaries, final recipients of ESIF assistance and others with an interest in ESIF financial instruments. Find out more: Financial instrument products...

The new advisory hub online

The new fi-compass webportal is NOW LIVE! The platform is offering a wide range of resources for Member States, managing authorities, financial institutions, project leaders and all stakeholders. There is a wealth of useful tools accessible on the website, including a short illustrative video on the benefits of financial instruments and an explanatory factsheet on how they work...

The Investment Plan explained

Having established the need to make Europe more attractive for investment and channel these investments where they are most needed, the European Commission recently announced a €315 billion Investment Plan over the next three years to boost jobs and growth (COM(2014)903). The plan was immediately substantiated by the proposal to create a new European Fund for Strategic Investments (EFSI), to provide for additional risk financing. This is the first pillar of the plan. The second pillar is about making investment happen in the real economy with better technical assistance. This must be complemented by a series of measures to remove barriers to investment and to create a true Single Market, which is the third pillar. In addition, Member States are being urged to boost the impact of ESI Funds and encouraged to double the use of financial instruments in key investment areas for the programming period 2014-2020...