Documents relating to financial instruments supported by the European Regional Development Fund.
Financial Instruments are an alternative to traditional grant funding and unlike grants the ERDF paid to the final beneficiary is repayable, thereby creating a ‘Legacy’ which can be re-invested. There are three main types of funding delivered through Financial Instruments: Equity / Quasi-equity, Loan, and Guarantee.
The requirement for each Financial Instrument project in the 2014-2020 European Structural and Investment Fund Programme to undertake an ex-ante assessment was introduced in the European Commission’s Common Provisions Regulation in 2013. The objective is to promote the use of sound evidence-based decision making when designing and implementing these projects.
These documents only relate to the European Regional Development Fund (ERDF).
Read more on the European Structural and Investment Funds