Improving the take up and effectiveness of financial instruments
DG Regio, European Commission
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.