Guidance for Member States on Definition and use of repayable assistance in comparison to financial instruments and grants
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The different forms of support provided for ESI Funds are listed in Article 66 CPR and include grants, repayable assistance and financial instruments (FIs). Yet, the CPR does not provide a definition for repayable assistance.
It appears useful to identify the scope of repayable assistance by reference to the scope of other forms of support foreseen in the CPR.
Specific attention is paid in this guidance to a differentiation between loans and repayable assistance. FIs providing other forms of support than loans, i.e. equity investments, guarantees or risk sharing instruments are usually not subject to a repayment mechanism.
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