Evaluation of Financial Engineering Measures in Structural Policies
The broad aims of the study were to examine :
- how the measures operate in practice;
- their contribution to regional development;
- what could be done to improve the measures' effectiveness.
The research focused on financial engineering measures contained in 1994-1999
Structural Fund programmes for Andalucia (Spain), Meuse-Vesdre (Belgium),
Merseyside (UK) and the programme 'Modernizacao do Tecido Economico' (Portugal).
A number of different types of financial engineeering are being supported
by the Structural Fund programmes in these regions including seed and
venture capital, loans schemes, guarantee schemes and interest rate subsidies.
The research covered all the various measures but venture capital schemes
have been examined in particular.