European Maritime and Fisheries Fund

Manual (Scoping study for the use of financial instruments under the EMFF and related advisory support activities)

The European Structural and Investment Funds (ESIF) policy framework emphasises the need for more use of financial instruments in 2014-2020: the overall aim is therefore to deliver more ESIF funding through financial instruments in the future. To help achieve this, the European Commission, in partnership with the EIB, has set up a single advisory platform on ESIF financial instruments for the programming period 2014-2020. This advisory platform is called fi-compass.

The European Maritime and Fisheries Fund

The European Maritime and Fisheries Fund (EMFF), one of the European Structural and Investment Funds (ESIF), supports the implementation of the reformed Common Fisheries Policy (CFP) and the EU Integrated Maritime Policy.

The EMFF has an overall budget of over EUR 6 billion for 2014-2020. This support is provided to fisheries (including data collection and control), aquaculture and processing, as well as to the sustainable development of fishery and aquaculture areas and the Integrated Maritime Policy.

Estonian success stories with financial instruments

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.

EC annual summary of data reinforces the potential of financial instruments in implementing Cohesion Policy

By the end of 2015, a total of almost EUR 16.9 billion of 2007-2013 Operational Programme (OP) resources was paid to more than 1000 financial instruments, of which around 75% was disbursed to final recipients, creating an estimated 140 000 jobs. These new figures covering the period up to the end of 2015 are available in the latest annual summary of data on the 2007-2013 financial engineering instruments by the European Commission.

Selection of bodies implementing financial instruments: fi-compass event series continues

A new round of knowledge sharing events is underway through fi-compass to help Member States and regions implement financial instruments. These include an event dedicated to Commission guidance, and also a series of seminars with thematic focus, such as those for revolving funds supporting energy efficiency investments or small and medium-sized enterprises (SMEs). Other events in the fi-compass pipeline will feature advice about agricultural instruments as well as microfinance.