Innovative Financial Instruments supporting the delivery of the policy objectives of the Cork 2.0 Declaration
|
|
- Janel Stone
- 5 years ago
- Views:
Transcription
1 Innovative Financial Instruments supporting the delivery of the policy objectives of the Cork 2.0 Declaration 03/05/2017 European Investment Bank Group 1
2 EIB the EU bank at a glance EU Institution EU s long-term lending bank set up in 1958 by the Treaty of Rome. EIF over 20 years of experience in SME support AAA rated All major rating agencies with a strong capital base Funding on the international capital markets Largest multilateral lender / borrower 2016 EUR 83.8 bneib Group Active in over 160 countries Objectives Finance and expertise for sound, sustainable investment projects in support of EU policy objectives Governance Board of Governors Board of Directors Management Committee Headquartered in Luxembourg Around staff supported by network of external offices 03/05/2017 European Investment Bank Group 2 03/05/2017 European Investment Bank Group 2
3 EIB Lending priorities aligned with EU key priorities Environment Infrastructure Innovation SMEs (incl. Farmers) EUR EUR EUR EUR 16.9bn 19.7bn 13.5bn 33.6bn EIB group support to Agriculture/Bioeconomy : ~29 bn EUR total lending to bio-based value chain > SME-loans to farmers, forestiers, fishers through partner banks 03/05/2017 European Investment Bank Group 3
4 EIB Group products to deliver on EU/EIB priorities EIB s traditional loan products LENDING Innovativeness: New finance mechanisms in cooperation with EU Commission and Member States European Investment Fund (EIF) InnovFin EU Finance for Innovators products European Fund for Strategic Investment (EFSI) European Structural Investment Fund - Financial Instruments FI BLENDING ADVISING 03/05/2017 European Investment Bank Group 4
5 EIB Group Products to deliver on EU/EIB priorities Project loans To private Bio-Based Industries: energy and resource efficiency, circular economy and/or RDI; including MidCaps. To public entities or concessionary PPPs to invest in public, agriculture-related infrastructure. Framework loans RDP loans: co-finance operational programs with EAFRD Multi-Beneficiary Intermediated Loans (MBIL) Finance SMEs and microenterprises through credit lines to intermediated Banks. Other SME financing through EIF Equity, microfinance, debt products under own exposure or blending with EU funds. 03/05/2017 European Investment Bank Group 5
6 European Fund for Strategic Investments (EFSI) Agriculture/Bioeconomy: Some 35 operations with total investment cost of > EUR 4.9 bn approved/ in the pipeline ) Disclaimer: Not official EFSI figures 03/05/2017 European Investment Bank Group 6
7 Financial Instruments key concepts Leveraging EAFRD When designing financial instruments, a key goal is to maximise the market impact through leveraging private finance participation. This creates greater results than grants. Passing of benefits to the end beneficiary Instruments are designed to ensure that a traceable financial benefit to the end beneficiary is realised and becomes a contractual obligation. Generating returns or reflows for future use Instruments are also designed to create potential reflows of capital which the Managing Authority can then re-utilise again, which is additional positive outcome. 03/05/2017 European Investment Bank Group 7
8 Financial Instruments Blending public resources into Financial Instruments is an innovative alternative for efficiently delivering on EU policy goals New Financial instruments can mobilise additional 3 rd party contributions, thus levering the finance capacity of public funds to: Extend the reach to viable, self sustaining investments Foster competitive and diversified agricultural and rural economy EC DG-AGRI, MS authorities and EIB-Group are stepping up collaboration to explore the development of new agri-tailored financial instruments ADVISING: FI-Compass EAFRD agreement EIB/DR AGRI BLENDING Experiences : EFSI / INNOFIN EAFRD Pilot Instruments: Other Instruments: EIB-Forest Funds 03/05/2017 European Investment Bank Group 8
9 EAFRD mandate activities Discussions with DG AGRI Pre-negotiation with MA Negotiation with MA Signed with MA EARFD Languedoc- Roussillon Calabria Campania Friuli Venezia Giulia Piemonte Puglia Toscana Umbria Veneto Midi-Pyrénées Romania Total Expected Funding (EUR) 15m 10m 10m 5m 5m 10m 10m 5m 15m 12m 87m 184m 03/05/2017 European Investment Bank Group 9 9
10 EIF - First Loss Portfolio Guarantee Languedoc-Roussillon Portfolio of New Loans (EUR 75m) Objective: access to finance, with improved lending conditions for Final Recipients (reduced interest rates and/or collateral requirements) Total Loans amount Bank risk Leverage 5x (1/0.8/0.25) 80% Coverage on a loan by loan basis up to the cap rate of 25% EUR 15 m from EAFRD and Region own 03/05/2017 European Investment Bank Group 10
11 A Combined EAFRD/EFSI Instrument - creates significant increase in market impact - made possible by revised regulation Indicative example Without EFSI : Portfolio of new loans Worth EUR 62.5m 60% Increase in market impact Indicative example With EFSI : Portfolio of new loans Worth EUR 100m Standard FLPG Product creates 6.25 leverage factor on allocated EAFRD EFSI-enhanced FLPG Product creates 10 leverage factor on allocated EAFRD EAFRD Contribution of EUR 10m Cap of 20% EFSI of EUR 6m EAFRD Contribution of EUR 10m Cap of 20% 12.5% Guarantee rate of 80% Guarantee rate of 80% 03/05/2017 European Investment Bank Group 11
12 EIF AGRI Italia Multiregional Guarantee Platform Guarantee Fee according to the price of the risk borrowers Senior pricing Region 1 Senior (EIB/CDP/EIF ) Region N Senior (EIB/CDP/EIF ) Tranching EIF Guarantee 1 Guarantee Rate 50% Loan by Loan Guarantee Fee IF 1 Funding FI Risk FI Risk IF 2 FI Risk 0% pricing EAFRD EAFRD Tranching Guarantee Fee EIF Guarantee 2 Guarantee Rate 50% Loan by Loan FI Risk Funding FI Risk FI Risk 03/05/2017 European Investment Bank Group 12
13 Forest Funds (Dasos Ireland) 1) Designed to promote the development of the forest-based sector in Ireland: - consolidated management of fragmented forest assets - increase of forest cover through afforestation - creation of new job opportunities in the forest value chain. 2) Fund strategy to develop a forest portfolio of up to ha, through acquisition and consolidation of individual assets or portfolios of assets within a single co-investment vehicle under joint management. 3) EIB co-invests with Dasos Timberland Fund II and the Ireland Strategic Investment Fund. Target size of the co-investment vehicle is EUR 200 m. 03/05/2017 European Investment Bank Group 13
14 Benefits from blending public resources into FI Efficient budget allocation with high impact: EU/MS have more financing power with less money due to leverage Revolving effect High Impact - Increased access to finance in a market traditionally perceived as high risk: lower interest rates No recourse to land and private property possible 03/05/2017 European Investment Bank Group 14
15 Conclusions EIB group, EC commission and MA at member state level are making good progress towards the blending of public resources into FI. Target is to levering the finance capacity of public funds to help fostering competitive and diversified agricultural and rural economy FI are based on the principle of repayment supporting viable businesses, but not all activities suitable for FI. Regulatory environment needed some adjustments at implementation, operation and monitoring level. Migration from grant to debt based support requires a change in mindset at all levels. 03/05/2017 European Investment Bank Group 15
16 EIB contacts & Questions Werner Schmidt Director Environment and Sustainable Territorial Development Department Projects Directorate Phone: (+352) /05/ /05/2017 European Investment Bank Group 16
Combination of EAFRD resources with EFSI and other sources of finance: opportunities offered by the EIB Group
Combination of EAFRD resources with EFSI and other sources of finance: opportunities offered by the EIB Group Mr Hubert Cottogni, Director of Mandate Management, European Investment Fund #ficompass 1 Combination
More informationMulti-regional Guarantee Platform in Italy
Multi-regional Guarantee Platform in Italy Mr Valtiero Mazzotti, Director General Directorate for Agriculture, Hunting and Fisheries, Emilia-Romagna Region, Italy 1 EAFRD financial instruments in Emilia
More informationThe Apulia RDP: Territory, resources, measures
The Apulia RDP: Territory, resources, measures Prof. Gianluca Nardone, Head of Managing Authority of the Regional Rural Development Programme Puglia, Puglia region, Italy Apulia region Apulia has a surface
More informationEAFRD Guarantee Fund in the Occitanie region, France
EAFRD Guarantee Fund in the Occitanie region, France Mr Stéphane Molinier, Chief Executive Officer, Occitanie region Ms Cindy Schultz, Assistant Director of Agriculture, Agri- Food and Forestry, Occitanie
More informationThe European Agricultural Fund for Rural Development. Financial instruments
advancing with ESIF financial instruments The European Agricultural Fund for Rural Development co-funded by the European Agricultural Fund for Rural Development are a sustainable and efficient way to invest
More informationEuropean Investment Bank in Armenia Welcome Speech. Mr. Jan Vapaavuori Vice President
European Investment Bank in Armenia Welcome Speech Mr. Jan Vapaavuori Vice President Yerevan 18 November 2016 European Investment Bank 1 European Investment Bank in Armenia Welcome Speech Dr. Piotr Antoni
More informationMacro-regional conference on EAFRD financial instruments for agriculture and rural development in
Macro-regional conference on EAFRD financial instruments for agriculture and rural development in 2014-2020 Mr Nivelin Noev Policy expert DG Agriculture and Rural Development European Commission #ficompass
More informationFinancial Instruments for SMEs developed by the EIB Group. 12 March 2015, Bucharest Hubert Cottogni
Financial Instruments for SMEs developed by the EIB Group 12 March 2015, Bucharest Hubert Cottogni Agenda SME financing in Romania EIF within the EIB Group, and what we do for SME financing EU-EIF financial
More informationTHE FOSTER PROJECT. Financial instruments for enhancing SME competitiveness. Brussels, 19 April 2018
THE FOSTER PROJECT Financial instruments for enhancing SME competitiveness Brussels, 19 April 2018 19/04/2018 Summary Page 3 Context Region Occitanie Page 8 The FOSTER Project Page 19 Key messages and
More informationANDREA BUA RESEARCH, DEVELOPMENT AND INNOVATION
ANDREA BUA RESEARCH, DEVELOPMENT AND INNOVATION EIB Group Provides finance and expertise for sound and sustainable investment projects Leading developer of risk financing for innovative SMEs EIB Overview
More informationHORIZON 2020 W E L C O M E. Programme Committee for specific programme. SMEs & Access to Risk Finance. in configuration
HORIZON 2020 Programme Committee for specific programme in configuration SMEs & Access to Risk Finance 11 th meeting Brussels, 8 June 2016 W E L C O M E EBRD Action 14 in ARF WP 2016-2017 Draft Components
More informationCase study : JEREMIE Languedoc-Roussillon Paris - 22 March 2016
Case study : JEREMIE Languedoc-Roussillon Paris - 22 March 2016 Aubin Bonnet (European Investment Fund) Gap analysis: main conclusion : Debt: Support the financing of innovative start-ups by increasing
More informationFunding science, research & innovation
Funding science, research & innovation HORIZON 2020 and EFSI: expanding possibilities WORKSHOP ON R&I AND EFSI HELSINKI, 8.12.15 Steve Rogers DG RTD, European Commission Horizon 2020's financial instruments
More informationFinancial Instruments DG Regional and Urban Policy Budapest 24th April 2015
Financial Instruments DG and Urban Policy Budapest 24th April 2015 ESIF and the Investment Plan Investment Plan for Europe 1. Mobilise finance for investment 2. Make finance reach the real economy European
More informationDeep and Comprehensive Free Trade Area (DCFTA) Initiative East
Deep and Comprehensive Free Trade Area (DCFTA) Initiative East Chisinau 4 July 2017 European Investment Bank European Investment Fund 1 DCFTA Initiative East Deep and Comprehensive Free Trade Area (DCFTA)
More informationFinancial instruments under ESI funds
Regional Financial instruments under ESI funds 2014-2020 VÖB/EAPB/Representation of Lower Saxony workshop Brussels, 7 March 2016 Dr Joerg Lackenbauer, DG Regional and Urban European Commission Regional
More informationFacilitating youth access to finance: Opportunities provided by financial instruments. Dr Nivelin NOEV EC / DG AGRI F.3
Facilitating youth access to finance: Opportunities provided by financial instruments Dr Nivelin NOEV EC / DG AGRI F.3 ENRD workshop, 10/12/2018 Brussels DG AGRI analytical base on FIs: fi-compass EAFRD
More informationExperience with financial instruments in the period of and the new framework for the period of
Experience with financial instruments in the period of 2007 2013 and the new framework for the period of 2014 2020 Workshop 22 January 2015, Stefan Appel, DG and Urban European Commission Financial engineering
More informationThe EIB in the Czech Republic in 2017
The EIB in the Czech Republic in 2017 In the Czech Republic, as in the other EU Member States, the EIB supports investment projects designed to reduce disparities in regional development, strengthen economic
More informationCombining ESI Funds and EFSI Implications for the Alpine region Strategy Andrea Mairate CE DG REGIO
Combining ESI Funds and EFSI Implications for the Alpine region Strategy Andrea Mairate CE DG REGIO 3rdc Friends of Eusalp meeting Brussels, 21 June 2016 The 315bn investment plan has the potential to
More informationGuarantee Instruments. Paul Samsonoff Portfolio Guarantees, EIF
Guarantee Instruments Paul Samsonoff Portfolio Guarantees, EIF EIF at a Glance EU specialised institution for SMEs risk financing Debt - Structuring and Guaranteeing portfolios of SME loans/ leases and
More informationImplementing options and selection of financial intermediaries. Eugenio Saba European Investment Bank
Implementing options and selection of financial intermediaries Eugenio Saba European Investment Bank What are the implementing and governance options? 2 Central management EaSI Erasmus+ Innovfin COSME
More informationFinancing innovation for a circular economy
Financing innovation for a circular economy Innovation Finance Advisory Shiva Dustdar, Head of Division UNECE - Geneva, 19 October 2017 Agenda A. EIB at a glance B. EIB s role in fostering CE The CE Platform
More informationCOSME Financial Instruments for SMEs
COSME Financial Instruments for SMEs Helsinki, 5 February 2015 Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs (DG GROW) Unit F3: SME Access to Finance Astrid Bartels (Policy
More informationEAFRD for agriculture and agribusiness in and the role of Financial Instruments. Dr Nivelin NOEV DG AGRI / H1
EAFRD for agriculture and agribusiness in 2014-2020 and the role of Financial Instruments Dr Nivelin NOEV DG AGRI / H1 Agroprogress 2015 conference Trnava, 12 November 2015 Approval progres # of RDPs Faster
More information19 Foro Iberoamericano. Madrid, 19 September European Investment Fund
19 Foro Iberoamericano Madrid, 19 September 2014 European Investment Fund EIF support of SMEs Structure of presentation 1. EIF at a Glance 2. The SME Guarantee Facility 3. Cooperation with Guarantee Schemes
More information1 December 2016, Rome Christos Pouris, EIB
1 December 2016, Rome Christos Pouris, EIB What is EFSI? EFSI is an EU initiative launched jointly by the European Commission and the EIB Group and forms an integral part of the Investment Plan for Europe
More informationThe EAFRD: Activities of the European Network for Rural Development on the delivery system
The EAFRD: Activities of the European Network for Rural Development on the delivery system Jean-Michel Courades European Commission DG AGRI G3 Farnet Meeting of Managing Authorities, 28-29 September 2010,
More informationDelivering on the European Fund for Strategic Investments (EFSI)
Investment Plan for Europe Delivering on the European Fund for Strategic Investments (EFSI) 2016 European Investment Bank Group 1 Why an Investment Plan for Europe? Investment & competitiveness gap High
More informationInvestment and investment finance the Austrian case OeNB EIB workshop in Vienna,
Investment and investment finance the Austrian case OeNB EIB workshop in Vienna, 20.03.2017 Road ahead how to enhance investment in Austria The EIB in Austria Flavia Palanza, Director EIB Operations Directorate
More informationEU Financial Instruments for SMEs
EU Financial Instruments for SMEs AECM Annual Event Porto, 21-25 June 2016 Jean-David MALO Head of Unit "SMEs, Financial Instruments and State Aids" European Commission DG Research and Innovation EU financial
More informationThe EIB Group and MALTA. 31/10/2017 European Investment Bank Group 1
The EIB Group and MALTA 31/10/2017 European Investment Bank Group 1 The EIB Group Providing finance and expertise for sound and sustainable investment projects Leading developer of risk financing for innovative
More informationInstruments in favour of SME Financing. International conference on guarantees Budapest 3-4 October 2013
Instruments in favour of SME Financing International conference on guarantees Budapest 3-4 October 2013 1 Helping businesses at every stage Public Stock Markets Portfolio Guarantees & Credit Enhancement
More informationFinancial instruments for enhancing SME competitiveness
Financial instruments for enhancing SME competitiveness Brussels, 14 March 2017 #ficompass Welcome Pieter COPPENS, European Investment Bank #ficompass FOSTER TPE-PME in the Occitanie region, France Stéphane
More informationBucharest, 12 November 2009
Hubert Cottogni Head of Regional Business Development Bucharest, 12 November 2009 JEREMIE Initiative in Central Europe This presentation was prepared by EIF. The information included in this presentation
More informationEFSI. CretaFarm. Report on EIB operations Inside the EU With the three pillar Assessment methodology EFSI. Unlocking investment
EFSI CretaFarm Report on EIB operations Inside the EU 2015 With the three pillar Assessment methodology EFSI Unlocking investment 1 European Fund for Strategic Investments (EFSI) Under the Investment Plan
More informationEIB Financing for Social and Affordable Housing
EIB Financing for Social and Affordable Housing Andrea Colantonio, Urban Development Division, European Investment Bank Affordable housing for inclusive cities, 16 th May 2018 Brussels European Investment
More informationFuelling the Economy VBA, CFA, CAIA PE Seminar
Fuelling the Economy VBA, CFA, CAIA PE Seminar Amsterdam - 18 June 2013 1 European Investment Fund: Fostering Entrepreneurship & Innovation in Europe Europe s Leading Developer of Risk Financing for Entrepreneurship
More informationInvestment Plan for Europe
Investment Plan for Europe Delivering on the European Fund for Strategic Investments (EFSI) Roger HAVENITH Deputy Chief Executive at EIF October 2017 1 Why an Investment Plan for Europe? Issues: Investment
More informationReport on EIB operations Inside the EU With the three pillar Assessment methodology. SMEs. Employment and growth
Report on EIB operations Inside the EU 2015 With the three pillar Assessment methodology SMEs Employment and growth 1 SMEs and Midcaps finance SMEs and Midcaps are vital to the wellbeing of Europe s economy.
More informationSupporting Innovation in the UK. London, 22 nd October 2015
Supporting Innovation in the UK London, 22 nd October 2015 Overview of the EIB Group financing options Anita Fürstenberg-Lucius Director, Western Europe Department, EIB The EIB Group provides finance and
More informationInvestment Plan for Europe
Investment Plan for Europe Giorgio Chiarion Casoni Head of Unit Financing of climate change, infrastructure policies and Euratom European Commission DG Economic and Financial Affairs Luxembourg, 5 March
More informationThe Investment Plan for Europe. European Fund for Strategic Investments (EFSI)
The Investment Plan for Europe European Fund for Strategic Investments (EFSI) EU economic context The European economic recovery is now in its third year. It should continue at a modest pace next year
More informationFinancial Instruments Implementation through FoFs. Piotr Stolowski, EIF
Financial Instruments Implementation through FoFs Piotr Stolowski, EIF Financial Instruments Implementation through FoFs Brussels, 19 January 2015 2 EIF manages Fund of Funds on behalf of Member States
More informationHow to set up an Investment Platform?
How to set up an Investment Platform? CDP experience as National Promotional Institution Martina Colombo, CDP Business Development Brussels, November 21 st 2017 The role of CDP as National Promotional
More informationEIB Support for Strategic Investments. EU Investment Funds Opportunities for the Regions Waterford, April 20th, 2018
EIB Support for Strategic Investments EU Investment Funds Opportunities for the Regions Waterford, April 20th, 2018 The EIB at a glance Created 1958 and owned by EU member states Largest multilateral lender
More informationDelivering on the European Fund for Strategic Investments (EFSI)
18/11/2015 European Investment Bank Group 1 Investment Plan for Europe Delivering on the European Fund for Strategic Investments (EFSI) Natixis Infrastructures day, Paris 18 November 2015 EFSI targeted
More informationEIF EUR 500m Increase of the SME Window
EUROPEAN INVESTMENT FUND SB/16/16 7 September 2016 Document 22-2016 E U R O P E A N F U N D F O R S T R A T E G I C I N V E S T M E N T S S T E E R I N G B O A R D EIF EUR 500m Increase of the SME Window
More informationScoping Paper for Access to Risk Finance Work-Programme
Scoping Paper for Access to Risk Finance Work-Programme 2018-2020 1. Context This scoping paper draws on the report 1 of the 'Access to Risk Finance' Advisory Group; discussions at the Latvian, Luxembourg
More informationEU Access to finance schemes for Research, Development and Innovation, including for Space-related projects / bodies
EU Access to finance schemes for Research, Development and Innovation, including for Space-related projects / bodies Fostering the European Space Economy: Market conditions for the space industry Workshop
More informationDublin, Ireland June 2015
First European fi-compass conference Financial Instruments under the European Agricultural Fund for Rural Development Sustainable investments in agriculture and rural areas Dublin, Ireland 23-24 June 2015
More informationEuropean Investment Bank
European Investment Bank RAIL INVESTMENTS Potential Use of Financial Instruments EESC conference: Shaping the future of Core Network Corridors Milan, October 25 th, 2016 European Investment Bank 2 Disclaimer
More informationEuropean Investment Fund
European Investment Fund Thementag Verbriefung 11. Juni 2013 - Wiesbaden 1 EIF - Overview European Investment Fund (EIF) is part of EIB Group and serves as: Europe's leading developer of risk financing
More informationAccess to Finance EIF Guarantee & Equity Instruments. APRE Workshop Brussels, 14 th May 2014
Access to Finance 2014-2020 EIF Guarantee & Equity Instruments APRE Workshop Brussels, 14 th May 2014 Introduction to the EIF Section One 2 EIF at a Glance Geographic Focus /Intermediaries EU 28, EFTA,
More informationEuropean Innovation Partnership on Raw Materials
European Innovation Partnership on Raw Materials 5 December 2013 EIB Funding Possibilities Dr Eberhard Gschwindt European Investment Bank Project Department Innovative Industries The European Investment
More informationFinancial Instruments under JEREMIE In Bulgaria. Miglena Dobreva Ministry of Economy of Republic of Bulgaria Kiril Velitchkov CIBANK, KBC Group
Financial Instruments under JEREMIE In Bulgaria Miglena Dobreva Ministry of Economy of Republic of Bulgaria Kiril Velitchkov CIBANK, KBC Group Financial Instruments under JEREMIE in Bulgaria Brussels 19-20
More informationEIB Financial Instrument Activity
EIB Financial Instrument Activity Emily Smith Advisory Services April 2018 European Investment Bank Group 1 EIB types of support As a lender providing financing to Member States and financial intermediaries,
More informationThe European Fund for Strategic Investments (EFSI)
Issue 11/ 2016 6 April The European Fund for Strategic Investments (EFSI) Maximising its Potential Guiding principle of EFSI is to stimulate private, market-based investments, not to replace them In this
More informationDelivering on European Fund for Strategic Investments (EFSI) Jukka Luukkanen Head of Helsinki Office Helsinki
Delivering on European Fund for Strategic Investments (EFSI) Jukka Luukkanen Head of Helsinki Office Helsinki 11.05.2017 EIB at a Glance We are the world s largest International Financial Institution 1958
More informationTHE INVESTMENT PLAN FOR EUROPE
FIEC information workshop, Brussels 21 January 2016 THE INVESTMENT PLAN FOR EUROPE EUROPEAN FUND FOR STRATEGIC INVESTMENTS (EFSI) SME WINDOW Dražen Budimir COSME Financial Instruments European Commission
More informationAccess to Risk Finance in Horizon 2020
Access to Risk Finance in Horizon 2020 Ignacio Puente DG Research & Unit B.3 - "SMEs, Financial Instruments and State Aid" InnovFin - Financial Instruments under H2020 Europe 17/06/2016 New EU Framework
More informationThe Investment Plan for Europe. European Fund for Strategic Investments (EFSI)
The Investment Plan for Europe European Fund for Strategic Investments (EFSI) Florentine Hopmeier DG ECFIN Vilnius, 18 September 2015 EU Investment Plan: rationale EU investment & competitiveness gap EU
More informationThe Investment Plan for Europe. Brussels
The Investment Plan for Europe Brussels EU economic context Despite challenging global economic environment, the recovery in the EU continued at a moderate pace (GDP forecast 2015=1,8%); Most former vulnerable
More informationEIB Financing for Transport Sector. The development of financial instruments
EIB Financing for Transport Sector The development of financial instruments Hydrogen Fuel Cell Joint Undertaking Brussels, November 19th, 2015 18/06/2015 European Investment Bank Group 1 1. EIB Lending
More informationThe European Maritime and Fisheries Fund. Financial instruments
advancing with ESIF financial instruments The European Maritime and Fisheries Fund co-funded by the European Maritime and Fisheries Fund are a sustainable and efficient way to invest in the growth and
More informationSupporting cities to cut carbon: perspective of EIB
EIB Headquarters, Luxembourg : perspective of EIB 15 October 2009 Edward Calthrop Economist, IAD. Profile The European Investment Bank is the European Union s long-term financing institution. The Bank
More informationInnovation in public-private financing instruments the role of the EIB and of EFSI in boosting clean energy investment in 2030
Innovation in public-private financing instruments the role of the EIB and of EFSI in boosting clean energy investment in 2030 Boosting the clean energy infrastructure pipeline 2020-2030: the role of National
More informationEFSI Achieving complementarity with the EAFRD and setting up Investment Platforms
EFSI Achieving complementarity with the EAFRD and setting up Investment Platforms Collection of FAQs - Version: 12 July 2016 - This set of FAQs on the complementarity between the European Fund for Strategic
More informationThe SME Initiative. A joint Commission presentation. SME Initiative workshop Brussels, 23 April 2015
The SME Initiative A joint Commission presentation SME Initiative workshop Brussels, 23 April 2015 SMEs are the backbone of EU economy SMEs employ 2/3 of private sector workforce and create 58% of gross
More informationFinancial instruments for rural development Occitanie/Pyrénées-Méditerranée, France. Case Study
EAFRD EUR 27 million Rural final recipients support France Financial instruments for rural development 2014 2020... enabling loans to agricultural SMEs with more favourable conditions... Occitanie/Pyrénées-Méditerranée,
More informationRisk-Sharing Finance Facility and future EU Financial Instruments for RDI
Not legally binding Risk-Sharing Finance Facility and future EU Financial Instruments for RDI Instrumentos financieros para apoyar la investigación, el desarrollo y la innovación en un contexto regional
More informationEIF s activities in support of SMEs
Richard Pelly Chief Executive European Investment Fund EIF s activities in support of SMEs This presentation was prepared by EIF. Any estimates and projections contained herein involve significant elements
More informationThe Investment Plan for Europe. European Fund for Strategic Investment (EFSI)
The Investment Plan for Europe European Fund for Strategic Investment (EFSI) June 2015 EU Economic context EU growth benefitting from economic tailwinds Low oil, low Euro, QE, broadly neutral fiscal stance
More informationAn Investment Plan for Europe
An Investment Plan for Europe The "virtuous triangle" INVESTMENT STRUCTURAL REFORMS FISCAL RESPONSIBILITY 1 An Investment Plan for Europe MOBILISING FINANCE FOR INVESTMENT MAKING FINANCE REACH THE REAL
More informationNBR-EIB Conference: Investment in Romania. Overview of EIB Group activities in Romania
NBR-EIB Conference: Investment in Romania Overview of EIB Group activities in Romania Flavia Palanza Director Central and South East Europe Department EIB Operations Directorate Roger Havenith Deputy CEO
More informationFinancial instruments - Commission guidance notes (and new off the shelf instruments) Warsaw, 8 March 2016
Financial instruments - Commission guidance notes (and new off the shelf instruments) Warsaw, 8 March 2016 Hanna Dudka, Robert Pernetta European Commission, DG REGIO FIs life cycle - guidance private co-investor
More informationFinancing new mobility needs and trends preparing the infrastructure of the future. Neil Valentine Head of Strategic Roads Division
Financing new mobility needs and trends preparing the infrastructure of the future Neil Valentine Head of Strategic Roads Division Corporate Presentation 2017 30/05/2017 1 The EIB: the EU bank Natural
More informationInvestment Plan for Europe Delivering on the European Fund for Strategic Investments (EFSI)
Investment Plan for Europe Delivering on the European Fund for Strategic Investments (EFSI) Jukka Luukkanen Head of Helsinki Office Helsinki 12/04/2016 1 EIB at a Glance We are the world s largest International
More informationClosing the Gap on Air Traffic Management Investment Needs
Increasing performance and investment requirements in Air Traffic Management to meet the goals and objectives of the Single European Sky programme Air Traffic Management (ATM) is going through a period
More informationTHE EUROPEAN INVESTMENT BANK
THE EUROPEAN INVESTMENT BANK The European Investment Bank (EIB) furthers the objectives of the European Union by providing long-term project funding, guarantees and advice. It supports projects both within
More informationSummary of findings of M6.1 questionnaire 1. Annex 1 M6.1 Business start-up aid for young farmers Main findings from questionnaires.
Summary of findings of M6.1 questionnaire 1 Annex 1 M6.1 Business start-up aid for young farmers Main findings from questionnaires. Summary of findings of M6.1 questionnaire 2 Table of Contents Introduction...
More informationDecember 2016 EIF CORPORATE OPERATIONAL PLAN
December 2016 EIF CORPORATE OPERATIONAL PLAN 2017-2019 Table of Contents 1 EIF key strategic objectives... 2 2 Business planning and transactions... 4 2.1 Investment Plan for Europe European Fund for Strategic
More informationInvestment Plan: How the European Fund for Strategic Investments (EFSI) can support tourism sector?
Investment Plan: How the European Fund for Strategic Investments (EFSI) can support tourism sector? EU financing for innovation in tourism Brussels, 27 September 2017 Laure Blanchard-Brunac, Adviser to
More informationDecember EIF Corporate Operational Plan
December 2017 EIF Corporate Operational Plan 2018-2020 Table of Contents 1 EIF key strategic objectives... 5 2 Business planning and transactions... 6 2.1 Investment Plan for Europe European Fund for Strategic
More information1.Financial Instruments under ESIF Synergies between ESIF and EFSI (Juncker Plan) 3. Commission Guidance on Financial Instruments
1.Financial Instruments under ESIF 2014-2020 2. Synergies between ESIF and EFSI (Juncker Plan) 3. Commission Guidance on Financial Instruments NIKOSIA, 14 APRIL 2016 Overview:all Financial instruments
More informationFinancial Instruments supported by the European Structural and Investment (ESI) Funds in
Regional Financial Instruments supported by the European Structural and Investment (ESI) Funds in 2014-2020 REGIO B3, DG Regional and Urban European Commission Regional 2 ERDF support through financial
More informationFinancial instruments - Commission guidance notes. Paris, 22 March 2016
Financial instruments - Commission guidance notes Paris, 22 March 2016 FIs life cycle - guidance private co-investor Ex-ante assessment grant Managing Authority Funding agreement Fund of Fund (FoF) Funding
More informationLoans for rural development , Estonia. Case Study. - EAFRD - EUR 36 million - Rural enterprise support - Estonia
- EAFRD - EUR 36 million - Rural enterprise support - Estonia Loans for rural development 2014-2020, Estonia... supporting rural growth and investment through financial instruments... DISCLAIMER This document
More informationThe implementation of EFSI: a national example. NCP Academy Meet & Exchange Workshop on Access to risk finance - 9th June 2016, Brussels
The implementation of EFSI: a national example NCP Academy Meet & Exchange Workshop on Access to risk finance - 9th June 2016, Brussels 01. Bpifrance in short 02. NCP/EFSI /NPBs Bpifrance s InnovFin 03.
More informationImplementing EU financial instruments in a national context
Implementing EU financial instruments in a national context David Denzer-Speck Head of the KfW Liaison Office, Brussels European Parliament, 19 June 2017 Bank aus Verantwortung Agenda 1 KfW at a glance
More informationEurope s Economic Challenges and a targeted EU Response
Europe s Economic Challenges and a targeted EU Response Pedro de Lima Head of Economic Studies Economics Department 14 February 2014 1 Outline Europe s growth and investment challenge How the EIB responds
More informationLuxembourg Launch Event. 8 July 2014
Luxembourg Launch Event 8 July 2014 The new generation of Horizon 2020 financial instruments New EU Framework Programme for R&I (2014-20) 1) A core part of Europe 2020, Innovation Union & European Research
More informationThe Role of RSFF (Risk Sharing Finance Facility) in Financing RDI Investments
The Role of RSFF (Risk Sharing Finance Facility) in Financing RDI Investments 1 EIB EIB Profile The European Investment Bank is the European Union s long-term financing institution. The Bank acts as an
More information2.European Funding Opportunities
Management and knowledge of European research model and promotion of research results 2.European Funding Opportunities Alessia D Orazio Scientific Officer - Ufficio INFN Bruxelles! Servizio Fondi Esterni!
More informationThe European Investment Bank (EIB): Financing for Sustainable Economic Growth in the Caribbean
The (EIB): Financing for Sustainable Economic Growth in the Caribbean 16 May 2017 Floris Vermeulen Investment Officer f.vermeulen@eib.org +1 (246) 434 8550 The EIB: the bank of the European Union What
More informationEIB Procurement Policy and Best Practice
EIB Procurement Policy and Best Practice José Luis Alfaro, Head of Procurement 1 Table of Contents EIB EIB Procurement Policy Best practice Procurement of services Tender documents Prequalification criteria
More informationFinancial Instruments under ESI Funds
Financial Instruments under ESI Funds 2014-2020 INFORM meeting, 24 June 2015, Lille Bogna Filipiuk-Olteanu, REGIO.B3 European Commission FINANCIAL INSTRUMENTS ARE MORE EFFICIENT REVOLVING EFFECT LEVERAGE
More informationWhat is InnovFin Equity?
What is InnovFin Equity? InnovFin Equity is managed by the European Investment Fund (EIF), where EIF provides equity investments and coinvestments to or alongside funds focusing in the areas of early stage
More informationSupporting SMEs for Growth, Innovation and Jobs
Supporting SMEs for Growth, Innovation and Jobs The EIB Group (EIB and EIF) is making sustained efforts to help European small and medium-sized enterprises (SMEs), by providing them with continued access
More informationEurope s Leading Developer of Risk Financing for Entrepreneurship & Innovation
Marc Schublin European Investment Fund Europe s Leading Developer of Risk Financing for Entrepreneurship & Innovation This presentation was prepared by EIF. The information included in this presentation
More information