Financial Instruments in Cohesion Policy 2014-2020
Financial instruments represent a resource-efficient way of deploying cohesion policy resources in pursuit of the Europe 2020 Strategy objectives. Targeting projects with potential economic viability, financial instruments provide support for investments by way of loans, guarantees, equity and other risk-bearing mechanisms, possibly combined with technical support, interest rate subsidies or guarantee fee subsidies within the same operation.
Call for applications for the selection of experts appointed in a personal capacity for the commission expert group on the advisory platform for financial instruments under the ESIF (European Structural and Investment Funds) and EaSI (Employment and Social Innovation) microfinance.
The Commission is looking for experts to be appointed in a personal capacity to provide advice on fi-compass , the advisory platform for financial instruments under the ESIF (European Structural and Investment Funds) and EaSI (Employment and Social Innovation) microfinance.
Interested? You may consult the site below for more details: http://ec.europa.eu/regional_policy/index.cfm/en/newsroom/funding-opportunities/calls-for-expressions-of-interest/
The duly signed expressions of interest, including a motivation letter and a curriculum vitae, must be submitted by e-mail to REGIO-FI-COMPASS-EXPERT-GROUP@ec.europa.eu by 30 January 2015, 18:00 Brussels time, at the latest. The date of submission will be the date of the e-mail.
Besides the obvious advantages of recycling funds over the long term, financial instruments help to mobilise additional public or private co-investments in order to address market failures in line with Europe 2020 and cohesion policy priorities. Their delivery structures entail additional expertise and know-how, which helps to increase the efficiency and effectiveness of public resource allocation. Moreover, these instruments provide a variety of incentives to better performance, including greater financial discipline at the level of supported projects.
Financial instruments have been used for delivering investments for Structural Funds since the 1994-1999 programming period. Their relative importance has increased during the programming period 2007-2013 and they now represent around 5 % of total European Regional Development Fund (ERDF) resources. In the light of the current economic situation and the increasing scarcity of public resources, financial instruments are expected to play an even stronger role in cohesion policy in the 2014-2020 programming period.
- What is the aim?
- Key features of the new legal and policy framework?
- What has changed from 2007-2013?
- What are the practical effects?
- Financial instruments in ESIF programmes 2014-2020 - A short reference guide for Managing Authorities
- Ex-ante assessment methodology for financial instruments in the 2014-2020 programming period
- General methodology covering all thematic objectives - Quick reference guide
- General methodology covering all thematic objectives - Volume I
- Strengthening research, technological development and innovation (Thematic objective 1) - Volume II
- Enhancing the competitiveness of SME, including agriculture, microcredit and fisheries (Thematic objective 3) - Volume III
- Supporting the shift towards low-carbon economy (Thematic objective 4) - Volume IV
- Financial instruments for urban and territorial development - Volume V
- Ex-ante assessment methodologies for FIs – Training for Managing authorities – June 2014
The legislative package for cohesion policy for 2014-2020 was adopted on 17 December 2013