1. Advisory Services Department
Technical Assistance Platform for ESIF Financial Instruments Context, concept and initial considerations ESF Informal Technical Working Group meeting, September 2013, Vilnius (Lithuania) Björn Gabriel Senior Adviser, Advisory Services Department, European Investment Bank
Advisory Services Department

2. Advisory Services Department
Overview 1.
ESIF Financial Instruments & related TA needs 2.
Experience from EC/EIB Joint Initiatives & EIB role in ESIF FIs 3.
EC’s proposed TA Platform for ESIF Financial Instruments 4.
Initial considerations & outlook
Advisory Services Department

3. 1. TA & Advisory needs in relation to ESIF FIs
Experiences (primarily ERDF)
Design, set-up and implementation of market-oriented financial instruments require new forms of expertise and significant advisory inputs, often exceeding the administrative and technical capacity of Managing Authorities.
• “approximately 95% of managing authorities, 40% of financial intermediaries and 20% of final recipients involved in FI implementation received TA”
Outlook for all ESIF Funds
Significant TA requirements anticipated for financial instruments in , in particular in view of their extended thematic scope & additional FI implementation options under the proposed CPR
• “around 60% of interviewed entities represented in the sample stated that significant TA requirements are anticipated for ESIF FIs ”
For further details, please consult the following EC/EIB Studies:
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4. 1. Key TA & Advisory needs related to FI life cycle
Source: TAP concept paper, Feb 2013
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5. 2. Experiences from EC/EIB Joint Initiatives
ESIF Financial Instruments & the role of EIB Group
HF/FoF manager as provided for under the ESIF regulatory framework
EIF managing 11 HFs in 10 MS (EUR 1.16 billion or SF, year-end 2010)
EIB managing 18 HFs in 9 MS (EUR 1.73 billion of SF, June 2011)
Co-financing to ESIF Programmes and/or Financial Instruments
Provisions of technical expertise and tailored advisory services (to EC and MS/MA)
EC/EIB Joint Initiatives : JEREMIE, JESSICA & JASMINE
Horizontal guidance & knowledge exchange mechanisms in support of FI development and delivery (TA at the initiative of the Commission)
JEREMIE - access to finance for micro to medium enterprises
JESSICA – sustainable urban development and EE/RES in urban areas
JASMINE – capacity building of micro-credit providers
Joint EC/EIB Group efforts considered instrumental in guiding sound FI implementation and boosting SF delivery through FIs from around EUR 1,2 bn in to approx. EUR 11 bn for the period
Advisory Services Department

6. 3. TA Platform for ESIF FIs (TAP) – EC proposal
Source: TAP concept paper, Feb 2013
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7. 4. Initial considerations & outlook
Integrate joint support initiatives of into a single framework accessible to MS/MA & widen its scope in line with the extended thematic scope for FIs in
Offer a basic level of guidance to ESIF stakeholders through Horizontal Assistance, while enabling demand-driven support initiatives through Multi-Region Assistance
Recognise both generic TA needs and ESI Fund specificities requiring tailored guidance for ERDF, ESF, EAFRD and EMFF 1
TAP drivers
Raise awareness on the potential role and value-added of FIs
Provide methodical guidance for entire FI lifecycle in line with CPR provisions, other EU rules and market practice
Knowledge management & dissemination
Deliver capacity building activities
Enable interaction & exchange of practitioners 2
TAP outputs
EC shared management DGs & EIB Group to jointly develop TAP framework during 2013, with the support of PwC
Prioritisation of TA needs and development of TAP work- programme under way
TAP to be launched from 2014 onwards 3
TAP operationalisation
Advisory Services Department

8. Advisory Services Department
Thank you for your attention and feedback. Björn Gabriel Senior Adviser, Strategy, Policy & Coordination Division, Advisory Services Department, European Investment Bank
Advisory Services Department