New Guidance note about interest and other gains generated by European Structural & Investment Funds support paid to financial instrument (Article 43 Common Provisions Regulation)

A new European Commission Guidance note has been published to clarify how Member States should deal with interest or other gains generated from the investment of European Structural & Investment (ESI) Funds contributions to financial instruments. In the context of ESI Funds, the term 'treasury management' is used in relation to Article 43 of the Common Provisions Regulation which provides for investing the ESI Funds contribution to a financial instrument following the principles of sound financial management, and regulates the use of interest and other gains generated thereto.

Flagship fi-compass events spotlight opportunities for financial instruments in the European Social Fund

Two high level events were organised by fi-compass earlier this month to raise awareness about opportunities for financial instruments in the European Social Fund (ESF). Both events were based in Brussels with a conference on ‘Financial Instruments under the European Social Fund 2014-2020’ taking place on 2 February, which was followed the next day by the ‘Microfinance under the European Social Fund 2014-2020’ workshop.

Hungary and UK host fi-compass workshops for microcredit providers

Hungary and UK host fi-compass workshops for microcredit providers

Two new workshops are being organised under the Employment and Social Innovation (EaSI) Programme’s Technical Assistance from fi-compass.  The first workshop will focus on the Code of Good Conduct (CoGC) for Microcredit Provision and will take place in Manchester, United Kingdom, on 8 March 2016.

New guidelines on combining European Structural and Investment Funds with the EFSI

The Juncker Commission’s top priority is to get Europe growing again and to increase the number of jobs without creating new debt. The European Fund for Strategic Investments (EFSI) – the heart of the Investment Plan for Europe - and European Structural and Investment Funds (ESI Funds) both play a crucial role in creating jobs and growth. The Commission, in partnership with the European Investment Bank (EIB), has published a new brochure that explains how to best combine EFSI and ESI Funds. This brochure is designed to help local authorities and project promoters make full use of the opportunities from these two instruments, which have been designed in a different but complementary way in terms of rationale, design, and legislative framework. They reinforce each other.

Promoting financial instruments to final recipients: Lithuania’s Entrepreneurship Promotion Fund

Capacity building through knowledge exchange is an important part of the fi-compass mandate. This includes identifying and disseminating knowhow that has been developed by experienced practitioners who are involved in the design and implementation of financial instruments funded by European Structural and Investment Funds (ESIF).