On 27 November 2014, a one-day training for Managing Authorities and Intermediate Bodies on ESF financial instruments 2014-2020 and the ex-ante assessment methodology will take place in Brussels
The aim of this training is to inform Managing Authorities and Intermediate Bodies about the possibility to implement financial instruments schemes under the new programming period 2014-2020. These risk capital financing schemes include loans, microcredit, the provision of equity or venture capital, guarantees, and other instruments.
The training will focus in particular on the new legislative requirements deriving from Art. 37(2) of the Common Provision Regulation (CPR) which oblige the Managing Authorities to prepare an ex-ante assessment before implementing financial instruments. This is a novelty in 2014-2020 which involves rather technical terms and concepts and will require further explanation and advice.
The training will include presentation of the "good practice" ex-ante assessment methodologies developed by the European Investment Bank and PricewaterhouseCooper on the initiative of the Commission.
By the end of the training participants should have a clear understanding not only of the types of instruments that might be used, how they can be set up and operated but also of the rules for the 2014-2020 programming period and of the tools included in the already developed ex-ante assessment methodologies. They should understand how these requirements and tools contribute to their work in ensuring sound management, implementation and control of financial instruments developed in the framework of the operational programmes.
The training is organised by the European Commission in cooperation with the European Institute of Public Administration.
Representatives from ESF MA and IB can request registration until 24 November.