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services on financial instruments under the
fi-compass is a unique platform for advisory
for Employment and Social Innovation (EaSI).
European Structural and Investment Funds
(ESIF) and microfinance under the Programme
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be an important tool for boosting EU agriculture.
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Investments, in a variety of forms, will help create a modern, dynamic agri-food
sector to create jobs and enhance growth in the EU. Financial Instruments will
Financial instruments using the European Social Fund
can support a wide range of financially viable
investment projects
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Resources

Microfinance rules, regulations and advice: Bordeaux, 28 October 2015

Microfinance matters will be the focus of a conference in France later this month. Conference sessions include a set of plenary presentations funded by the fi-compass EaSI Technical Assistance programme. This part of the conference will help participants to further their understanding of regulatory frameworks for microcredit in Europe...

Member States seminar series: Romania

On the 8th of October 2015 financial instruments delivering ESI Funds were discussed at a seminar in Bucharest. This seminar was part of a series of seminars conducted in 25 EU Member States. More than 80 people took part in this well-attended seminar. Places at the event had to be extended in order to accommodate the high level of interest from public sector bodies, banking organisations and consultancy companies...

Member States seminar series: Bulgaria

On the 6th of October 2015 financial instruments delivering ESI Funds were discussed at a seminar in Sofia. This event was part of a series of seminars conducted in 25 EU Member States. Around 120 participants attended the seminar in Sofia. This shows a high interest in financial instruments. Following the opening speech by Ms Kordova, Director of the Monitoring of EU Funds Directorate in Bulgaria, practical experience on the use of financial instruments was presented. This included experience from the JESSICA implementation and the use of financial instruments to strengthen risk capital in Bulgaria. Looking beyond Bulgaria, a perspective on the use of EAFRD and EMFF financial instruments in Estonia was presented for the delegates in Sofia...

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...

Latest Regulatory Guidance

Guidance note: European Structural and Investment Funds Guidance for Member States and Programme Authorities CPR_37_7_8_9 Combination of support from a financial instrument with other forms of support. Available 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...