Business and enterprise – guidance

European Regional Development Fund: financial instruments

Documents relating to financial instruments supported by the European Regional Development Fund.

Documents

Greater Manchester Combined Authority ex-ante assessment

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Midlands Engine Investment Fund ex-ante assessment

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North East Fund ex-ante assessment

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Northern Powerhouse Investment Fund ex-ante assessment

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Detail

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).