Financial Instruments in Cohesion Policy

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.

 Għodod addizzjonali

 

Aħbarijiet

    Illum, il-Kummissjoni Ewropea adottat żewġ strumenti finanzjarji " off-the-shelf", jiġifieri lesti biex jintużaw għal Investimenti ta' Fondi SEI, biex jiġi ffaċilitat l-aċċess għall-finanzjament għan-negozji ż-żgħar u għall-promoturi ta' proġetti tal-iżvilupp

    Fil-perjodu 2014-2020, il-Kummissjoni qed tinkoraġġixxi lill-Istati Membri jirdoppjaw l-investimenti tagħhom mill-Fondi Strutturali u ta' Investiment Ewropej (SIE) li jintużaw permezz ta' strumenti finanzjarji, bħal self, ekwità u garanziji, skont l-objettivi tal-Pjan ta' Investiment.

    Konformi diġà mar-Regolament dwar il-Fondi SIE u mar-regoli tal-Għajnuna mill-Istat, l-istrumenti finanzjarji "off-the-shelf" huma mfassla biex iżidu t-teħid mill-Istati Membri tal-appoġġ finanzjarju ċirkolanti minflok għotjiet tradizzjonali u biex jikkombinaw riżorsi pubbliċi u privati.

    Diġà jeżistu tliet strumenti ta' dan it-tip. Is-self bi qsim tar-riskji, abbażi tal-qsim tar-riskji bejn ir-riżorsi pubbliċi u privati, u strument ta' garanzija b'limitu massimu, fejn il-flus pubbliċi jaġixxu ta' garanzija kontra l-inadempjenza f'portafoll tas-self tal-bank. Iż-żewġ strumenti jimmiraw li jipprovdu lill-SMEs b'aċċess aħjar għall-finanzjament. It-tielet strument huwa self għar-rinovazzjoni, għall-effiċjenza enerġetika u għal proġetti ta' enerġija rinovabbli fis-settur tal-bini residenzjali.

    Illum, il-Kummissjoni qed tniedi żewġ strumenti addizzjonali:

    • Il-Faċilità ta' ko-investiment biex tipprovdi finanzjament għal start-ups u għall-SMEs. Dan l-appoġġ se jippermettilhom jiżviluppaw il-mudelli kummerċjali tagħhom u jattira finanzjament addizzjonali permezz ta' veikolu ta' investiment kollettiv ġestit minn intermedjarju finanzjarju ewlieni. It-total tal-investiment li jikkombina r-riżorsi pubbliċi u privati jista' jammonta sa €15-il miljun għal kull SME. Fil-perjodu 2007-2013, SAS JEREMIE fir-reġjun Franċiż ta' Languedoc-Roussillon kien eżempju ta' tali faċilità ta' ko-investiment, bl-użu ta' riżorsi mill-Fond Ewropew għall-Iżvilupp Reġjonali (FEŻR) biex jiġi attirat il-kapital privat u jsir investiment f'SMEs b'tekonolġija avvanzata fir-reġjun.
    • Il-Fondi għall-iżvilupp urban se jappoġġaw proġetti urbani sostenibbli, pereżempju fit-trasport pubbliku, fl-effiċjenza enerġetika għar-reġenerazzjoni ta' żoni urbani. Il-proġetti għandhom ikunu vijabbli finanzjarjament u parti minn strateġija ta' Żvilupp Urban Sostenibbli Integrat. It-total tal-investiment li jikkombina r-riżorsi pubbliċi u privati jista' jammonta sa €20 miljun għal kull proġett. L-appoġġ se jkun forma ta' fond ta' self ġestit minn intermedjarju finanzjarju b'riżorsi ta' Fondi SIE u kontribuzzjoni ta' mill-anqas 30 % minn kapital privat. Tali Fond għall-Iżvilupp Urban ġie żviluppat f'Pomorskie, il-Polonja, fil-perjodu 2007-2013.

    Għal aktar informazzjoni

Aktar aħbarijiet

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.

ESIF and EFSI complementarities

  • European Structural and Investment Funds and European Fund for Strategic Investments complementarities: Ensuring coordination, synergies and complementarity en pdf

Documents

  • Financial instruments under the European Structural and Investment Funds: Summaries of the data on the progress made in financing and implementing the financial instruments for the programming period 2014-2020 in accordance with Article 46 of Regulation (EU) No 1303/2013 of the European Parliament and of the Council
    • Situation as at 31 December 2015 pdf English
    • Situation as at 31 December 2016 pdf English
  • fi-compass is designed to meet the needs of ESIF managing authorities, EaSI microfinance providers and other interested parties, by providing practical know-how and learning tools on financial instruments.
  • Financial instruments in ESIF programmes 2014-2020 - A short reference guide for Managing Authorities en pdf
  • Review of the Role of the EIB Group in European Cohesion Policy en pdf
  • 'EC regulatory guidance and manuals are available on www.fi-compass.eu/resources

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Contact

European Commission - DG Regional Policy
Unit B3 - Financial Instruments and relations with International Financial Institutions
Avenue de Beaulieu 5
B-1160 Brussels
Tel: 32 2 29 59332
Fax: +32 2 292 0904
REGIO-B3-FINANCIAL-INSTRUMENTS@ec.europa.eu