On 2 February 2016, fi-compass organised a high level conference on financial instruments under the ESF. This flagship event was attended by over 180 people including policy makers, managing authorities and audit bodies, as well as delegates from the banking and consultancy sectors.
fi-compass has released a new case study about a financial instrument co-financed by the European Social Fund (ESF) that provides loans and advice to socially-oriented enterprises across Poland. This is a valuable example of how a managing authority, here the Polish Ministry of Infrastructure and Development, and partners have established an instrument to promote sustainable, quality employment, supporting labour mobility and social inclusion, while also combating poverty and discrimination.
Financial instruments co-funded by the European Social Fund (ESF) can be used to invest in the growth and development of EU citizens and their skills - thereby promoting employment and social inclusion. More Member States are starting to use financial instruments for social development purposes, and fi-compass is involved with helping to improve understanding about opportunities from ESF financial instruments.
Our factsheets introducing financial instruments for the different European Structural and Investment Funds are now available in Bulgarian, Croatian, Czech, Danish, Dutch, English, Estonian, Finnish, French, German, Greek, Hungarian, Italian, Latvian, Lithuanian, Maltese, Polish, Portuguese, Romanian, Slovakian, Slovenian and Spanish. These selected fi-compass materials have been translated into various EU languages to help deepen people’s understanding of the opportunities that ESIF financial instruments can offer.
New European Commission guidance note on management costs and fees for financial instruments implemented according to Article 38(4)(b)
Financial instruments are a form of support whose success hinges on the performance of bodies implementing them. One of the decisive parameters to align the interests of the managing authorities and the bodies implementing financial instruments is the remuneration paid to the latter in the form of performance-based management costs and fees.
Known in the previous programming period as Joint Action to Support Microfinance Institutions in Europe (JASMINE), EaSI Technical Assistance involves a range of support activities for European microcredit providers. Now accessible under the umbrella of fi-compass EaSI Technical Assistance will help build up the institutional capacity of microcredit providers thanks to various forms of assistance including business development tools for the wider European microcredit sector.
A new scoping study has recently been released by fi-compass which examines the potential for financial instruments under the European Maritime and Fisheries Fund (EMFF). The study gives essential insights on: the investment needs and opportunities that financial instruments could address in the seafood sector; the potential synergies and efficiencies with other ESI Funds; considerations for the most suitable types of financial products for the sector; and how advisory support can help realise the potential for financial instruments in the sector.
fi-compass provides upstream advice on financial instruments through a number of channels, including our online hub and Twitter. To expand outreach and the dissemination of our tools and services that are available to managing authorities, financial intermediaries and all other interested stakeholders, fi-compass has recently launched a YouTube channel.
On the 4th of November 2015 financial instruments under the ESF were discussed at a seminar in Warsaw. This seminar was part of a series of ESF seminars conducted in Paris, Rome and Warsaw. Around 70 participants attended the seminar in Warsaw which shows high interest in financial instruments under the ESF. Following the opening and welcome speeches by Andrea Da Pozzo, European Commission and Ando Siitam, European Investment Bank practical experiences on the use of financial instruments under the ESF were presented. This included examples from Lithuania, Latvia and Poland.
Register now to attend a fi-compass seminar near you. Registrations are now open for the following seminars on financial instruments in European Structural and Investment Funds (ESIF): Athens, 3 December 2015 Lisbon, 18 January 2016 Ljubljana, 21 January 2016 The Hague, 27 January 2016 Nicosia, 4 February 2016 Valletta, 11 February 2016 London, 18 February 2016 Berlin, 25 February 2016 The purpose of this seminar series is to provide stakeholders with the opportunity to learn more...