Guidance

European Regional Development Fund: financial instruments

Documents relating to financial instruments supported by the 2014 to 2020 European Regional Development Fund (ERDF).

From:
Department for Business and Trade, Department for Levelling Up, Housing and Communities , Ministry of Housing, Communities & Local Government, and Department for Business, Energy & Industrial Strategy
Published
11 January 2017
Last updated
17 December 2019 — See all updates

Documents

European Regional Development Fund 2014 to 2020 guidance for member states on the selection of bodies implementing financial instruments

PDF, 966 KB, 20 pages

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European Regional Development Fund 2014 to 2020 on the spot verification visit guidance for financial instruments

PDF, 604 KB, 33 pages

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Greater Manchester combined authority ex-ante assessment

ZIP, 2.42 MB

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Midlands Engine investment fund ex-ante assessment

5.66 MB

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North East Fund ex-ante assessment

4 MB

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Northern Powerhouse investment fund ex-ante assessment

7.54 MB

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Mayor of London energy efficiency fund ex-ante assessment

PDF, 2.26 MB, 109 pages

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The London SME fund ex-ante assessment

PDF, 4.67 MB, 212 pages

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Cornwall and Isles of Scilly investment fund ex-ante assessment

ZIP, 5.09 MB

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Liverpool City Region - Urban Development Fund ex-ante assessment

ZIP, 695 KB

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Low Carbon Innovation Fund II ex-ante assessment

ZIP, 3.37 MB

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Cheshire and Warrington - Urban Development Fund ex-ante assessment

ZIP, 4.1 MB

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Details

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 3 main types of funding delivered through financial instruments:

  • Equity / Quasi-equity
  • Loan
  • Guarantee

The requirement for each financial instrument project in the 2014 to 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 ERDF.

The ERDF programme continues to invest in projects after the transition period ended on 31 December 2020. All funding must finish by the end of 2023.

Read more on the European Structural and Investment Funds.

Published 11 January 2017
Last updated 17 December 2019 + show all updates

  1. On the Spot Verification Visit guidance for Financial Instruments has been updated to version 3.

  2. Cheshire and Warrington ex-ante assessment added

  3. LCR and Low Carbon Innovation Fund's ex-ante assessments added

  4. Cornwall and Isles of Scilly investment fund ex-ante assessment published.

  5. First published.

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