In the 2000-2006 programming period, financial instruments (FIs) were introduced in the EC’s centrally managed policies. In the 2014-2020 programming period, around 6% of the ESIF budget is estimated to be delivered through financial instruments.
Financial instruments are not made to replace grants. They can be used in combination with grants to support revenue-generating and cost-saving projects, and to attract additional public and private resources. Is there any place for FIs in Interreg reality?
Where to start
So far, no programme is working with FIs. However, as a growing number of programmes cooperate with SMEs, maybe this is the next step, as most of private companies are familiar with loans or guarantees.
Interreg programmes, as other mainstream programmes, have a route to work with financial instruments through Article 58 of the Common Provisions Regulation. If you are interested in this topic please contact us.
What we are working on
There are no current activities or events focused on this topic.