Fiona Wishlade's projects

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Improving the take up and effectiveness of financial instruments

Improving the take up and effectiveness of financial instruments

2016 - 2017

This project involved research on the take up and effectiveness of financial instruments (FIs). The new regulatory framework for EU Cohesion policy in 2014-20 has reinforced the scope for (repayable) financial instruments to deliver Cohesion policy objectives, as an alternative to using grants. The research focuses on: identifying the rationale for using FIs within Cohesion policy programmes; providing a ‘stocktake’ of how EU Member States are making use of FIs in 2014-20; identifying the issues which influence uptake of FIs; and analysing complementarities and interaction between Cohesion-policy funded FIs and other sources of funding such as the European Fund for Strategic Investments.

Cohesion policy financial instruments and EU financial interests

Cohesion policy financial instruments and EU financial interests

2015 - 2015

This study assess the implementation of financial instrument in Cohesion policy in terms of their economy, efficiency and effectiveness during the 2007-13 programming period.  The study takes stock of existing knowledge on the operation of FIs as reflected in the academic literature and policy documents, as well as undertaking eight case studies. A comparative analysis of the case studies, focusing on the different stages in the lifecycle of FIs, provides the basis on which to draw lessons from the implementation of FIs in 2007-13, highlighting implications for 2014-20.

Review of the role of the EIB Group in EU Cohesion policy

Review of the role of the EIB Group in EU Cohesion policy

2015 - 2015

The project, undertaken for the European Parliament REGI Committee, provided a comprehensive analysis and assessment of how Cohesion Policy objectives have been delivered through measures that involved the EIB Group. Specifically, it focused on: the role of EIB Group in the implementation of Cohesion Policy; the effectiveness of EIB activities in Cohesion Policy; accountability, transparency and visibility of EIB Group activities; relationships between EU institutions and EIB Group; and future expectations of the EIB Group.

Fi-compass

Fi-compass

2014 - 2018

The project involves the development, management and operationalisation of the fi-compass technical assistance platform. Specifically, the project involves support to the EIB in providing horizontal assistance and advisory services for ESIF financial instruments to the EU public sector. Target groups are in particular EU Member States and Managing Authorities, but also the European Commission and the general public. The intended effect is to increase the quality, scale and the speed of establishment of Financial Instruments funded through ESIF. EPRC research inputs include studies and evaluation research on the implementation of financial instruments under Cohesion policy.

Ex-post evaluation 2007-2013: WP3 Financial Instruments

Ex-post evaluation 2007-2013: WP3 Financial Instruments

2014 - 2016

The project comprised an ex post evaluation of the rationale, implementation and early evidence of the effectiveness of financial engineering instruments in the 2007-13 period. The study focusses on the eleven countries where total equity/venture capital exceeds EUR 100 million or where loan and guarantee support exceeds EUR 200 million, plus Denmark where equity/venture capital accounts for a high proportion of spending. The research involves assessing the policy rationales for the instruments as well as the literature to develop typical theories of change for why and how the various instruments work.

Raising awareness of financial instruments

Raising awareness of financial instruments

2014 - 2015

The project involved the development of a series of awareness-raising factsheets and case studies as guidance for managing authorities given the steep learning curve faced by stakeholders in 2007-13, the continued drive to increase implementation of FIs in 2014-20 and the changes introduced by the regulations.

Fiona Wishlade's publications

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The rise of populism, regional disparities and the regional policy response

Wishlade F
2019

European Policy Research Paper, No. 109, European Policies Research Centre, University of Strathclyde, Glasgow

Reforming the MFF and Cohesion Policy 2021-27: pragmatic drift or paradigmatic shift?

Bachtler J, Mendez C, Wishlade F
2019

European Policy Research Paper, No. 107, European Policies Research Centre, University of Strathclyde, Glasgow

Mapping the Next Steps in Competition Policy Control of Regional Aid

Wishlade F
2019

European Policy Research Paper, No. 108, European Policies Research Centre, University of Strathclyde, Glasgow

EC_OECD Seminar Series on Designing better economic development policies for regions and cities

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Tales from an Outermost region: How does the Azores judgement look from a distance?

Wishlade, F.
2018

Contribution to edited volume by Buts C & Buendia Sierra J (eds) Milestones in State Aid Law, Lexxion. 

Table of contents

Ordering details

Financial instruments post Brexit: building on success

Fiona Wishlade and Rona Michie
2018

The United Kingdom has been one of the key proponents of financial instruments (FIs) – loans, guarantees and equity - and spends a larger share of its Structural Funds allocations in the form of FIs than most Member States. FIs have played an increasingly prominent role in EU policies, including Cohesion policy, and the UK has often been at the leading edge of policy practice in this area. As the United Kingdom prepares to leave the structures and policies created under EU Cohesion Policy, it is appropriate to consider what lessons can be retained from the Structural Funds experience with financial instruments, where it could be improved and how it might inform future policy design.

This paper provides a brief overview of the rationales and role of financial instruments and sets the UK experience within a broader EU context. Drawing on the views of the FINE partner it goes on to review policymaker assessments of how EU financial instruments have worked, and what has worked well.

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Infrastructures et Aides d'Etat: expériences européennes

Wishlade, F
2017

Séminaire sur les aides d’Etat en faveur des infrastructures La règlementation des aides d’Etat, CGET, Ecole Militaire, Paris 25 January 2017.

Brexit and the implications for European Structural and Investment Funds

Wishlade F
2017

Keynote presentation to the EStIF Interactive Forum: Management, Control and Audit of ESI Funds, Zagreb 11-12 May 2017

Financial instruments for energy efficiency and renewable energy

Wishlade F, Michie R, Vernon P
2017

Research for REGI Committee – European Parliament, Policy Department for Structural and Cohesion Policies, Brussels

Improving the take-up and effectiveness of financial instruments

Wishlade F, Michie R, Robertson P and Vernon P
2017

Final Report to European Commission, Directorate-General for Regional Policy and Urban Policy, Directorate B - Policy, Unit B.1 - Policy Development and Economic Analysis

Work Package 3: Financial instruments for enterprise support

Wishlade F, Michie R, Familiari G, Schneidewind P, Resch A
2016

Ex post evaluation of Cohesion Policy programmes 2007-2013, focusing on the European Regional Development Fund (ERDF) and the Cohesion Fund (CF). Final Report to European Commission, Directorate-General for Regional Policy and Urban Policy, Directorate B - Policy, Unit B.2 Evaluation and European Semester

Evolution or Revolution: Exploring New Ideas for Cohesion Policy 2020+

John Bachtler, Carlos Mendez, Fiona Wishlade
2016

European Policy Research Paper, No. 95, European Policies Research Centre, University of Strathclyde, Glasgow

Competition policy and regional aid: a slow surrender or pushing against an open door?

Wishlade F
2016

European Policy Research Paper, No. 95, European Policies Research Centre, University of Strathclyde, Glasgow

Financial Instruments under Cohesion Policy 2007-13

Wishlade F, Michie R, Vernon P, Kah S, Gloazzo C, Zuleeg F, Dheret C, Tasheva I
2016

Directorate-General for Internal Policies, Policy Department D: Budgetary Affairs, Brussels,  IP/D/ALL/FWC/2015-001/LOT2/C2/SC1 

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Financial Instruments in 2014-20: learning from 2007-13 and adapting to the new environment

Wishlade F and Michie R
2015

paper to 2nd Regional Studies Association and European Commission joint policy conference, Riga, Latvia, February 2015

Lessons learned and reflections on the allocation methodology for the Structural Funds,

Wishlade F
2015

presentation to CPMR/CRPM Task Force on Cohesion Policy Indicators, 26 March, Brussels

Financial Instruments in EU Cohesion policy: reflecting on 2007-13 and looking ‘ahead’ to 2014-20,

Wishlade F and Michie R
2015

presentation to EStIF Annual Conference, Brussels,19-20 November

European Policy Research Paper, No 89, European Policies Research Centre, University of Strathclyde, Glasgow

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Where law and economics meet regional aid…

Wishlade F
2015

paper to conference on Economics of State aid control, Vrije Universiteit, Brussels, 23 September

Introduction to State aid in relation to financial instruments,

Wishlade F
2015

presentation to DG EMPLOI, European Commission, Brussels, 17 September

European Policies Research Centre

School of Government & Public Policy 
University of Strathclyde
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