Thursday, 3 March 2016

New Commission guide combines Strategic and Structural funding

The European Commission has issued a new guide on how European Funds for Strategic Investments (EFSI - a key element of the Juncker Investment Plan) and European Structural and Investment Funds (ESIF) can be combined at project and financial instrument level, for example as an investment platform, to support risky and innovation-driven European projects.

The 24-page guide entitled ‘European Structural and Investment Funds and European Fund for Strategic Investments complementarities – Ensuring coordination, synergies and complementarity’ will be of great interest to all SusChem stakeholders developing large scale investment projects under EFSI.

Through a number of illustrative examples, the Guide describes how combining funds is possible for projects supported either under the EFSI 'Infrastructure and Innovation Window' or under the 'SME Window'. In addition an in-depth example of a 'layered fund' is provided in one of the annexes of the guide combining ESIF and EFSI in the case of investment platforms.

In the next few years, EFSI and ESI Funds will be able to finance significant levels of investment in Member States and their regions. They are both set to play an essential role in the delivery of European policy objectives. While rationale, design, legislative framework and timeframe for implementation are different, there is considerable scope for ensuring coordination, synergies and complementarity for additional investments. This guide provides an overview of these possibilities so that stakeholders are well informed.

The funds
The European Fund for Strategic Investments (EFSI) was established by the European Commission in partnership with the European Investment Bank and the European Investment Fund (EIB and EIF – the 'EIB Group') to mobilise at least EUR 315 billion of additional finance for investment in higher-risk projects over three years.

Member States are also now starting the implementation of multiannual programmes co-financed by the European Structural and Investment Funds (ESIF) for the 2014- 2020 programming period. In total, more than EUR 450 billion will be invested in Europe through ESIF in this period.

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