Experience with financial instruments in the period of and the new framework for the period of
|
|
- Jemima Jackson
- 6 years ago
- Views:
Transcription
1 Experience with financial instruments in the period of and the new framework for the period of Workshop 22 January 2015, Stefan Appel, DG and Urban European Commission
2 Financial engineering instruments in 2013 FEIs are implemented in 25 MS (ex-hr, IRL, LU) 941 Financial engineering instruments, out of which: 69 Holding Funds, 872 specific funds 854 for enterprises, 56 for urban development and 32 for energy efficiency & renewable energy inter alia, 392 loan funds, 127 guarantee funds, 146 equity funds and 105 mixed funds 2
3 Commitments and Payments (2013) OP contributions commitment to FEI OP contributions paid to FEIs out of which Structural Funds OP contribution paid to final recipients out of which Structural Funds OP contributions remaining in HF Contributions remaining in specific funds 17.5 billion 17.1 billion 12.6 billion (100%) 14.3 billion (100%) 8.4 billion 9.6 billion 4.7 billion (37%) 6.7 billion (47%) 2.7 billion 4.0 billion 3.1 billion (25%) 2.1 billion (15%) 4.7 billion (37%) 5.4 billion (38%) 3
4 Why are financial instruments popular? Higher immediate policy impact through leveraged resources (public and private) Sustainability of support due to revolving funds which remain in the programme area Financing provided before investment takes place (different from grants) Better quality of projects (investment must be repaid) Incentives to use FIs as alternative to grants (move away from "grant dependency" culture) 4
5 Financial Instruments Centrally managed by COM (Financial Regulation) Shared Management with MS (Common Provisions Regulation) Research, Development Innovation Growth, Jobs and Social Cohesion Infrastructure Horizon 2020 InnovFin (Equity and Risk Sharing Instruments) Competitiveness & SME (COSME) Equity & guarantees Social Change & Innovation Creative Europe Guarantee Facility Erasmus for all Guarantee Facility Connecting Europe Facility (CEF) Risk sharing (e.g. project bonds) and equity instruments Instruments under Structural and Cohesion Funds Contribution to EU level (central management) National/regional instruments (shared management) Off-the shelf FIs Tailor made FIs Significantly higher amounts expected than in current MFF!
6 Financial instruments : legislation and guidance Common Provisions Regulation for all ESIF: Title IV for the financial instruments (Articles 37 46) (2013/1383/EU) Delegated Act: Section II, Articles 4-14 (2014/480/EU) Implementing Acts: Off the shelf instruments (2014/964/EU) Funding agreement SME initiative (2014/660/EU) Financial Instruments in ESIF programmes : A short reference guide for Managing Authorities 6
7 What does the framework offer? 1. Wider scope: Use in all types of ESIF programmes (including ETC programmes) Common provisions cover all five Funds: ERDF, ESF, Cohesion Fund, EAFRD and EMFF Expansion to all thematic objectives & priorities foreseen by OPs!! Support investments expected to be financially viable which do not give rise to sufficient funding from market sources 7
8 What does the framework offer? 2. More implementation options for managing authorities Traditional implementation: MA sets up a FI at national, regional, transnational or cross-border level: Taylor made instruments (cf ) Standardised off-the-shelf instruments, quick roll-out MA can implement loans or guarantees directly (or through intermediate body) without formal set-up of a fund MA can contribute OP allocations to EU level instrument (COSME, Horizon, "SME Initiative") 8
9 What does the framework offer? SME initiative Objectives: Increase the volume of lending to SMEs in the EU by Pooling resources: European Structural Investment Funds + COSME and Horizon 2020; Combining and fully utilising EIB/EIF and possibly National Promotional Banks' capacities; Providing Capital Relief to banks to make them more robust and to incentivize them to extend additional loans to SMEs; Design: Ex-ante assessment carried out at EU level (EIB and Commission); SMEI indirectly managed by the Commission; implementation with EIF; A single dedicated OP at MS level with voluntary contribution (ERDF EAFRD); Two options proposed: (1) Uncapped Guarantee Instrument; (2) Joint securitisation instrument for new and existing loans; 9
10 What does the framework offer? 3. Continuity of principles and concepts of ,e.g.: Reuse of resources paid back National co-financing at different times and levels, Combination of grants and FIs 4.a Some changes to adapt to market practise and to reinforce flexibility, e.g.: VAT eligibility, Follow on investments Extended eligibility of management costs for some FIs Incentives on national co-financing 10
11 What does the framework offer? Incentives regarding national co-financing Co-financing rate EU-level instruments: Up to 100% of the paid support may come from ERDF, ESF and CF; separate priority axis to be established Instruments implemented at national/regional level: ERDF, ESF, CF co-financing rate to increase by 10 percentage points if an entire priority axis is implemented through financial instruments National co-financing in payment applications to the Commission The request for payment may include national co-financing expected to be paid into financial instrument (or at the level of investments in final recipients). 11
12 What does the framework offer? 4.b Some changes to ensure sound design and implementation of financial instruments, e.g.: Compulsory ex-ante assessment which must be carried out prior to decision to support financial instruments Payments in relation to FIs phased and subject to implementation on the ground Management costs and fees performance oriented Comprehensive annual reporting by managing authority on each financial instrument 12
13 Financial instruments : "Off-the-shelf" Two for SMEs 1. Loan for SME's based on a portfolio risk sharing loan model (Risk Sharing Loan). 2. Guarantee for SMEs (partial first loss portfolio, capped guarantee). + Equity fund for SMEs and start-up companies (in the future). One for energy efficiency/renewable energies and one for urban development 3. Renovation Loan based on a Risk sharing loan model (RS Loan). + Urban Development Fund (in the future). 13
14 Financial instruments : key steps Regulations: Common Provisions Regulation and ESI Funds specific Regulations adopted, Delegated Act and Implementing Acts adopted (off-the-shelf" instruments and SME initiative) Technical assistance platform for financial instruments in cohesion policy (launching event in January 2015 but already some products!) Negotiation of the Partnership Agreements and Operational Programmes with Member States/ Managing Authorities (2014) 14
15 ESIF and the Investment Plan for Europe: Doubling of financial instruments Financial instruments are particularly effective to increase the impact of ESIF An overall doubling of the use of financial instruments in relative to (increase from EUR 12 billion to close to EUR 30 billion) is an ambitious but realistic target This extra EUR 18 billion could leverage additional investments between EUR 40-70bn (of which at least EUR 20bn in first three years) 15
16 Over three years Positive impact on investment throughout the economy Priorities at national and regional level (e.g. SMEs, research, transport, environment) Impact of Member States' contributions to the Fund EUR 315 bn SMEs and mid-cap companies Improved investment environment at EU and national level Better use of the European Structural and Investment Funds Possible Member States' contributions to the Fund Strategic investments of European significance in energy, transport, broadband, education, research and innovation European Fund for Strategic Investments: EUR 21 bn (initially)
17 Thank you for your attention! 17
Key features and opportunities of financial instruments under ESI Funds in
Key features and opportunities of financial instruments under ESI Funds in 2014-2020 Nicholas Martyn, Deputy Director-General, and Urban, EC Key features and opportunities of financial instruments under
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 informationFinancial Instruments supported by the European Structural and Investment (ESI) Funds in
Financial Instruments supported by the European Structural and Investment (ESI) Funds in 2014-2020 EU Finance Day for SMEs, 5 February 2014, Dublin Dr. Wolfgang Streitenberger, Conseiller-Adviser, DG Regional
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 informationInstrumentos Financeiros na Política de Coesão
Instrumentos Financeiros na Política de Coesão 2014-2020 «O crescimento começa nas cidades» Lisboa, 4 Novembro 2013 Eduardo Barreto Unidade G3 - Portugal Direção-Geral Política e Urbana Contents FIs in
More informationFinancial Instruments supported by the European Structural and Investment (ESI) Funds in CSI-Europe towards FIs for Cities
Financial Instruments supported by the European Structural and Investment (ESI) Funds in 2014-2020 CSI-Europe towards 2014-2020 FIs for Cities EIB Luxembourg, 30 January 2014 Financial instruments and
More informationFinancial Instruments in Cohesion Policy
Financial Instruments in Cohesion State of play, lessons learned and outlook 2014-2020 Directorate General for and Urban Unit B3 : Financial Instruments and IFI Relations Workshop on Financial Instruments
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 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 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 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 informationFinancial instruments - opportunities offered by the framework. Key novelties and Commission guidance Riga, 30 October 2015
Financial instruments - opportunities offered by the 2014-2020 framework Key novelties and Commission guidance Riga, 30 October 2015 2014-2020 framework Performance oriented legal framework to promote
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 informationSME INITIATIVE SPAIN APRIL 2015
SME INITIATIVE SPAIN APRIL 2015 1 SMES INITIATIVE IN FINANCIAL INSTRUMENTS PROPOSAL 2.Centrally managed by COM (Financial Regulation) 1.Shared Management with MS (Common Provisions Regulation) Research,
More informationThe urban dimension. in the legislative proposals for the future cohesion policy. Zsolt Szokolai DG REGIO C.2 Urban development, territorial cohesion
The urban dimension in the legislative proposals for the future cohesion policy Zsolt Szokolai DG REGIO C.2 Urban development, territorial cohesion EC proposal for 2014-2020 Alignment of cohesion policy
More informationFinancial instruments under the European Structural and Investment Funds
Financial under the European Structural and Investment Funds December 217 Summaries of the data on the progress made in financing and implementing the financial for the programming period 214-22 in accordance
More informationFinancial Instruments
Financial Instruments 2014-2020 Doing more with less Roger Havenith European Commission DG Economic and Financial Affairs Head of Unit Financing of competitiveness, innovation and employment policies What
More informationEU level and "Off-the-shelf" Financial Instruments
EU level and "Off-the-shelf" Financial Instruments MADRID, 8 November 2013 Financial instruments and IFI Relations Directorate-General for and Urban 1 Contents Overview on EU level Instruments Overview
More informationFinancial instruments under the European Structural and Investment Funds
Financial under the European Structural and Investment Funds December 2017 Summaries of the data on the progress made in financing and implementing the financial for the programming period 2014-2020 in
More informationFinancial Instruments - Implementation in the EU and in Lithuania
Financial Instruments - Implementation in the EU and in Lithuania Vilnius, 28 January 2018 Elina HAKONEN-MEDDINGS Financial Instruments as a delivery tool for Cohesion 2 Key advantages of ESIF FIs FIs
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 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 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 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 informationFinancial instruments in ESIF programmes
EUROPEAN COMMISSION Financial instruments in ESIF programmes 2014 2020 A short reference guide for Managing Authorities This short reference guide is designed to provide an overview of the main elements
More informationBriefing. Financial instruments in cohesion policy. December 2016
Briefing December 2016 SUMMARY The use of financial instruments in cohesion policy is increasing, as they are considered a resource-efficient way of using public funding. They provide support for investment
More informationCOHESION POLICY
FINANCIAL INSTRUMENTS IN COHESION POLICY 2014-2020 COHESION POLICY 2014-2020 The new rules and legislation governing the next round of EU Cohesion Policy investment for 2014-2020 have been formally endorsed
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 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 informationTracking climate finance, EU financial instruments and lessons learned Berlin, 10 September 2014
Tracking climate finance, EU financial instruments and lessons learned Berlin, 10 September 2014 Ingmar JUERGENS, Senior Economic Advisor, European Commission Our Menu for Today 1. What information is
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 informationEU Financial Instruments for Stimulating R&I and Growth
EU Financial Instruments for Stimulating R&I and Growth Preparations for 2014-2020 Steve Rogers European Commission DG Research & Innovation Financial Engineering Team Nordic-European Public Investor Workshop
More informationEuropean Structural and Investment FUNDS and European Fund for Strategic Investments complementarities
European Structural and Investment FUNDS and European Fund for Strategic Investments complementarities ENSURING COORDINATION, SYNERGIES AND COMPLEMENTARITY FEBRUARY 2016 Cover illustration: istockphoto
More informationProgramming Period. European Social Fund
2014 2020 Programming Period European Social Fund f Legislative package 2014-2020 European Regional Development Fund (EC) 1301/2013 Cohesion Fund (EC) 1300/2013 European Social Fund (EC) 1304/2013 European
More informationReporting on financial instruments (FI) in the annual implementation report for the programming period
Reporting on financial instruments (FI) in the annual implementation report for the programming period 2014-2020 Online learning on financial instruments June 2017 Jörg Lackenbauer and Ieva Zalite European
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 information22 January 2015, Hubert Cottogni
EIF experience with financial instruments in the period of 2007 2013 including fund of funds, and recommendations for the period of 2014 2020 22 January 2015, Hubert Cottogni Agenda Introduction: EIF:
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 informationGuidance for Member States on CPR_37_7_8_9 Combination of support from a financial instrument with other forms of support
EGESIF_15_0012-02 10/08/2015 EUROPEAN COMMISSION European Structural and Investment Funds Guidance for Member States on CPR_37_7_8_9 Combination of support from a financial instrument with other forms
More informationQuick appraisal of major project. Guidance application: for Member States on Article 41 CPR. Requests for payment
Quick appraisal of major project Guidance application: for Member States on Article 41 CPR Requests for payment Europe Direct is a service to help you find answers to your questions about the European
More informationQuick appraisal of major project application: Guidance for Member States on Financial Instruments - Glossary
Quick appraisal of major project application: Guidance for Member States on Financial Instruments - Glossary Europe Direct is a service to help you find answers to your questions about the European Union.
More informationGuidance for Member States on Article 41 CPR - Requests for payment
EGESIF_15-0006-01 08/06/2015 EUROPEAN COMMISSION European Structural and Investment Funds Guidance for Member States on Article 41 CPR - Requests for payment DISCLAIMER This is a working document prepared
More informationScoping study for the use of Financial Instruments under the EMFF and related fi-compass support activities. 9th June 2015
Scoping study for the use of Financial Instruments under the EMFF and related fi-compass support activities 9th June 2015 Objective & approach Experiences with FIs EMFF FI Situation Potential for FI use
More informationEx-ante assessment for ESIF financial instruments. Quick reference guide
Ex-ante assessment for ESIF financial instruments Quick reference guide General methodology General methodology covering all thematic objectives Please note that this version of the methodology reflects
More informationPublic hearing on The extension of the duration of the European Fund for Strategic Investment (EFSI 2.0) 10 November 2016
Public hearing on The extension of the duration of the European Fund for Strategic Investment (EFSI 2.0) 10 November 2016 Agenda EUROPEAN FUND FOR STRATEGIC INVESTMENTS (EFSI) A SUCCESSFUL FIRST YEAR EUR
More informationFinancial Instruments for delivery of the ERDF and the Cohesion Fund
Financial Instruments for delivery of the ERDF and the Cohesion Fund Seminar series 27 May, Brussels, 2 June, Vienna, 9 June, Warsaw Seminar programme www.fi-compass.eu ERDF and the Cohesion Fund Index
More informationEx-ante assessment. Quick reference guide
Ex-ante assessment Quick reference guide General methodology General methodology covering all thematic objectives Please note that this version of the methodology reflects the current state of the Regulations
More informationFinancial Instruments delivering ESI Funds. Stockholm, Sweden 19 April Preliminary programme.
Stockholm, Sweden 19 April 2016 Preliminary programme www.fi-compass.eu Index Context... 3 Audience/ venue... 4 Language/ costs / registration... 4 Objectives... 5 Structure... 6 Agenda... 7 2 Stockholm,
More informationProgramming Period
2014 2020 Programming Period Introduction of new regulations Andreas von Busch f Athens, Greece 3-4 April 2014 Legislative package 2014-2020 (EC) 1303/2013: Common provisions on the European Regional Development
More informationCohesion Policy support for Energy Renovation of Buildings
Regional and Cohesion Policy support for Energy Renovation of Buildings Urban Intergroup Renovate Europe event Brussels, 26 September 2017 Maud SKÄRINGER Policy Analyst European Commission Directorate-General
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 informationEx-ante assessment methodology for financial instruments in the programming period
Ex-ante assessment methodology for financial instruments in the 2014-2020 programming period General methodology covering all thematic objectives Volume I General methodology General methodology covering
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 informationEC Guidance. Management verifications and audit
EC Guidance Management verifications and audit Rafael López Sánchez, Deputy Head of Unit C.1 Directorate C Audit Directorate-General Regional and Urban Policy #ficompass Management verifications and audit
More informationCouncil of the European Union Brussels, 4 May 2017 (OR. en) Mr Jeppe TRANHOLM-MIKKELSEN, Secretary-General of the Council of the European Union
Council of the European Union Brussels, 4 May 2017 (OR. en) 8841/17 COVER NOTE From: date of receipt: 3 May 2017 To: No. Cion doc.: Subject: FSTR 38 FC 39 REGIO 54 SOC 308 AGRISTR 41 PECHE 187 CADREFIN
More informationEx-ante assessment methodology for financial instruments in the programming period. General methodology covering all thematic objectives
Ex-ante assessment methodology for financial instruments in the 2014-2020 programming period General methodology covering all thematic objectives Quick reference guide Please note that this version of
More informationCOHESION POLICY
Financial Instruments in Cohesion Policy 2014-2020 COHESION POLICY 2014-2020 The European Commission adopted legislative proposals for cohesion policy for 2014-2020 in October 2011 This factsheet is one
More informationESF contribution to EaSI under article 38.1(a) Guadalupe de la Mata, European Investment Fund
ESF contribution to EaSI under article 38.1(a) Guadalupe de la Mata, European Investment Fund Agenda Potential ESIF contributions to EU Level instruments: legal basis and scope ESF-EaSI contribution case
More informationKey elements of the Commission proposal for the future European Social Fund
Key elements of the Commission proposal for the future 2014-2020 Thomas Bender Head of Unit Employment, Social Affairs and Inclusion DG London, 8 December 2011 1 Guiding political principles of the reform
More informationESF Evaluation Partnership 17 November Key elements of the Commission proposal for the future ESF
ESF Evaluation Partnership 17 November 2011 Key elements of the Commission proposal for the future ESF 2014-2020 Thomas Bender DG EMPL, Unit E1, ESF Policy and Legislation Legislative package The General
More informationCAP, including rural development, and IPARD post-2013
CAP, including rural development, and IPARD post-2013 Loretta Dormal-Marino, Deputy Director-General, DG AGRI Fifth Annual Working Meeting of the Ministers of Agriculture from SEE 11-12 November 2011 C
More informationRESEARCH FOR REGI COMMITTEE FINANCIAL INSTRUMENTS IN THE PROGRAMMING PERIOD: FIRST EXPERIENCES OF MEMBER STATES
DIRECTORATE-GENERAL FOR INTERNAL POLICIES POLICY DEPARTMENT B: STRUCTURAL AND COHESION POLICIES REGIONAL DEVELOPMENT RESEARCH FOR REGI COMMITTEE FINANCIAL INSTRUMENTS IN THE 2014-20 PROGRAMMING PERIOD:
More informationEuropean Structural application: and Investment Funds
Quick appraisal of major project European Structural application: and Investment Funds Guidance for Member States on Article 38(4) CPR - Implementation options for financial instruments by or under the
More informationGuidance for Member States on Performance framework, review and reserve
EGESIF_18-0021-01 19/06/2018 Version 2.0 EUROPEAN COMMISSION European Structural and Investment Funds Guidance for Member States on Performance framework, review and reserve This version was updated further
More informationEnergy Efficiency in Buildings at the crossroad of European energy, cohesion and industrial policies
Efficiency in Buildings at the crossroad of European energy, cohesion and industrial policies Tudor Constantinescu, PhD Principal Adviser European Commission BPIE Workshop on stimulating building renovation
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 informationLaunching the new and implementing the past Ensuring a seamless transition to the new programmes
Draft Budget 2014 Launching the new and implementing the past Ensuring a seamless transition to the new programmes Janusz Lewandowski Commissioner for Financial Programming and Budget COBU, 26 June 2013
More informationEU funding for energy efficiency and sustainable energy in cities
EU funding for energy efficiency and sustainable energy in cities Vincent Berrutto Head of Unit European Commission Executive Agency for Small and Medium-sized Enterprises EU Climate and Energy targets
More informationMajor projects in the programming period
Regional Major projects in the 2014-2020 programming period Major Project Team Unit G.1 Competence Centre: Smart and Sustainable Growth DG Regional and Urban Legal framework 2014-2020 Regional New Cohesion
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 informationGuidance for Member States on Interest and Other Gains Generated by ESI Funds support paid to FI (Article 43 CPR)
Quick appraisal of major project application: Guidance for Member States on Interest and Other Gains Generated by ESI Funds support paid to FI (Article 43 CPR) Europe Direct is a service to help you find
More informationCOSME Financial Instruments for SMEs
COSME Financial Instruments for SMEs 5 February 2014 George Lemonidis (Deputy Head of Unit) Unit D3: SME Access to Finance Directorate General for Enterprise and Industry 1 COSME financial Instruments
More informationHow is the EU budget distributed?
How is the EU budget distributed? A political agreement on the 2014 2020 multiannual financial framework (MFF) among European institutions was reached on 27 June 2013. The leaders of the European Parliament,
More informationEU Funding for Sustainable Energy
EU Funding for Sustainable Energy 2014-2020 Green Economy e sostenibilità energetica Bologna, 17 September 2013 Hugh GOLDSMITH European Commission Directorate-General for and Urban 1 From 2007-2013 Cohesion
More informationThe funding possibilities to build up adaptation capacities and take action
The funding possibilities to build up adaptation capacities and take action Federica Alcozer Studio GAP associati, planning consultant Water and risk management facing climate change: towards the local
More informationInvesting in regions: The reformed EU Cohesion Policy
Investing in regions: The reformed EU Cohesion Policy 2014-2020 Presentation by David Müller, Member of cabinet For Alpeuregio summer school Cohesion policy Basics on EU Cohesion Policy Cohesion policy
More informationMTR - Legislative changes affecting the ESI Funds
MTR - Legislative changes affecting the ESI Funds Meeting of the HLG on Monitoring Simplification for beneficiaries, 28/09/2016 Marc Lemaître Director-General Directorate General Regional and Urban Policy
More informationLisboa, 19 junho Altis Grand Hotel Sala Roma
Lisboa, 19 junho 2018 Altis Grand Hotel Sala Roma EU Budget for the future Cohesion Policy 2021-27 Lisbon, 19 June 2018 Rudolf Niessler and Carole Mancel-Blanchard Key Elements Modern Focus on smart, low
More informationDRAFT GUIDANCE FICHE FOR DESK OFFICERS PROGRAMMING OF TECHNICAL ASSISTANCE AT THE INITIATIVE OF THE MEMBER STATES VERSION 2 25/06/2014
DRAFT GUIDANCE FICHE FOR DESK OFFICERS PROGRAMMING OF TECHNICAL ASSISTANCE AT THE INITIATIVE OF THE MEMBER STATES VERSION 2 25/06/2014 Regulation Common Provisions Regulation (N 1303/2013) European Territorial
More informationFinancial Instruments delivering ESI Funds. Bucharest, Romania 8 October Programme.
Bucharest, Romania 8 October 2015 Programme www.fi-compass.eu Index Context... 3 Audience/ venue... 4 Language/ costs / registration... 4 Objectives... 5 Structure... 6 Agenda... 7 2 Bucharest, Romania
More informationThe role of COSME in promoting access to finance for SMEs Policy objectives and design of the debt instrument
The role of COSME in promoting access to finance for SMEs Policy objectives and design of the debt instrument Operational training Session (OTS) on "Innovations in Credit Guarantee Schemes: A way to Success"
More information'Smart rural' in the programming period
'Smart rural' in the 2014-2020 programming period Martijn De Bruijn European Commission Directorate-General for Regional and Urban Policy Inclusive growth, Urban and territorial development Smart village
More informationCombination 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 informationadvancing with ESIF financial instruments Financial instruments working with personal loans
advancing with ESIF financial instruments Financial instruments working with personal loans DISCLAIMER This document has been produced with the financial assistance of the European Union. The views expressed
More informationFacilitating European SMEs' Access to Finance
Facilitating European SMEs' Access to Finance 3 October 2013 Directorate General for Enterprise and Industry of the European Commission Unit D3: SME Access to Finance Astrid Bartels (Policy Officer) 1
More informationDRAFT GUIDANCE FICHE FOR DESK OFFICERS VERSION 3-28/01/2014 RELEVANT PROVISIONS IN THE LEGISLATION INTEGRATED TERRITORIAL INVESTMENT (ITI)
DRAFT GUIDANCE FICHE FOR DESK OFFICERS INTEGRATED TERRITORIAL INVESTMENT (ITI) VERSION 3-28/01/2014 RELEVANT PROVISIONS IN THE LEGISLATION Regulation Articles Article 36 - Integrated territorial investment
More informationSummary of the Partnership Agreement for Hungary,
EUROPEAN COMMISSION Brussels, 26 August 2014 Summary of the Partnership Agreement for Hungary, 2014-2020 Overall information The Partnership Agreement (PA) covers five funds: the European Regional Development
More informationCOMMISSION STAFF WORKING DOCUMENT Accompanying the document
EUROPEAN COMMISSION Brussels, 9.10.2017 SWD(2017) 330 final PART 9/13 COMMISSION STAFF WORKING DOCUMENT Accompanying the document REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT, THE COUNCIL, THE
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 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 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 informationHorizon 2020 Kick off meeting Athens, 10 th January 2014
Horizon 2020 Kick off meeting Athens, 10 th January 2014 SMEs: the New tools/opportunities for access to finance introduced by Horizon 2020 (i.e. Horizon 2020 Financial Instruments) Jean-David MALO DG
More informationKatarina Ivanković Knežević, Assistant Minister Ministry of Labour and Pension System, Republic of Croatia European Parliament, Bruxelles, 7 April
Katarina Ivanković Knežević, Assistant Minister Ministry of Labour and Pension System, Republic of Croatia European Parliament, Bruxelles, 7 April 2016 Total ESI Funds= 10,7 billion EUR GDP p.c. in 2012:
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 informationDRAFT REPORT. EN United in diversity EN. European Parliament 2015/2282(INI)
European Parliament 2014-2019 Committee on Regional Development 2015/2282(INI) 20.1.2016 DRAFT REPORT on implementation of the thematic objective enhancing the competitiveness of SMEs Article 9(3) of the
More informationHLG on simplification Financial instruments in EU legislation and para-legislation. Brussels, February 2016
HLG on simplification Financial instruments in EU legislation and para-legislation Brussels, February 2016 1 Purpose of the presentation 1. Short introduction to FIs 2. Providing description of the current
More informationFinancial Instruments delivering ESI Funds. Prague, Czech Republic 10 November Programme.
Financial Instruments delivering ESI Funds Prague, Czech Republic 10 November 2015 Programme www.fi-compass.eu Financial Instruments delivering ESI Funds Index Context... 3 Audience/ venue... 4 Language/
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 informationLaunch Event. INTERREG IPA CBC Croatia- Serbia
Launch Event INTERREG IPA CBC Croatia- Serbia 2014-2020 Vicente Rodriguez Saez, DG Regional Policy, European Commission Head of Unit for Macro-regional Strategies, European Transnational and Interregional
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 information