Advanced Summer Course on Financial Instruments
Date: 27 June 2016
Time: 09:00
Duration: 3 days
Location: Zandvoort, NL
Cost: Reduced fee for public authorities: € 1.490.- (excl. VAT) . Regular fee: € 1.990.- (excl. VAT)
Organiser: Lexxion Verlagsgesellschaft mbH
Web Link: http://www.lexxion.de/en/verlagsprogramm-konferenzen/eu-funds/summer-course-financial-instruments-june-2016.html
Description:
3-day practical guidance on the CPR 1303/2013, ex-ante assessment, State aid and procurement requirements as well as best practices in management, monitoring and control of the financial instruments in 2014-2020.
General Information
The policy framework for European Structural and Investment Funds emphasises the need for a significant use of financial instruments in the programming period 2014-2020 with multiplied amounts of ESIF support delivered to SMEs and other final recipients. Loans, guarantees, equity and quasi equity can be used. They can be implemented within all structural funds and aim to leverage the available monies. For the ERDF, CF, EAFRD and EMFF, financial instruments must generate income or revenue, or savings on future expenditure. Used within the ESF, the final recipient shall be capable of reimbursing the loan. As investments must be repaid, the use of financial instruments shall improve the quality of supported projects. Many managing authorities are currently assessing the potential use of this delivery mode.
The Commission also supports the use of financial instrument by providing off-the-shelf instruments and enabling the managing authorities to get involved in the centrally-managed financial instruments such as Horizon 2020, COSME, InnvoFin and the SME Initiative. Additionally, synergies are possible with resources under the Juncker Plan or European Fund for Strategic Investments. The encouraged cooperation between the public and the private sector shall broaden the spectrum of policy delivery and expertise.
Meanwhile, Member States have included the envisaged use of such instruments in their operational programmes and Lexxion’s three-day Summer Course offers the perfect opportunity to meet and exchange good practices, challenges and lessons learnt from the past programming period. The course will support administrations and other stakeholders in the successful design and set-up of financial instruments.
Topics
- Regulatory framework and set-up requirements
- Ex ante assessment and adjustment to the market needs
- Financial instrument management
- Role of National Promotional Banks (NPBs)
- Public procurement law
- Selection of financial intermediaries and fund of funds
- Compliance with State aid rules and using de minimis aid
- Good practices and lessons learnt from 2007-2013
- Investor’s perspective: Co-investing and design of a strong project portfolio
- Workshop: Structuring a loan financial instrument, a guarantee fund and setting up an equity fund
