The fi-compass organised last 27th of May the conference of the “Financial Instruments for delivery of the ERDF and the Cohesion Fund” in Brussels, where stakeholders of different European institutions and international organizations presented and analysed the actual situation of the European funds, after the appointment of the new European Commission, and the improvement of the Investment Plan for Europe.
The seminar in Brussels offered information to participants to have a further understanding of how financial instruments can help in their efforts to deliver European Structural and Investment Funds (ESIF) 2014-2020 objectives, in particular the European Regional Development Fund (ERDF) and the Cohesion Fund.
Different examples
Case studies on financial instrument solutions developed by regions and countries were presented during this seminar. It was the case of Wales (United Kingdom) or Sardinia (Italy). Mr. Ken Cook, from the Welsh European Funding Office, made a brief explanation of the actual economical situation of the region, very dependent from the public funds, but with a low unemployment rate. From Sardinia, Mr. Marco Naseddu made the presentation, stressed the importance of the micro SMES in the region and the consequences of the crisis.
The speakers from the European Commission and fi-compass insisted on the importance of the flexibility of the new European funds regulation and the significant role of the innovative startups.
Objective of the seminar
The main objective of this seminar was to provide Member States and Managing Authorities an opportunity to learn more about the advantages, features and suitability of financial instruments in delivering ESIF 2014-2020 objectives, in particular the European Regional Development Fund (ERDF) and the Cohesion Fund.
Organiser
The fi-compass is a unique platform for advisory services on financial instruments under the European Structural and Investment Funds (ESIF) and microfinance under the Programme for Employment and Social Innovation (EaSI).
