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.
EC_OECD Seminar Series on Designing better economic development policies for regions and citiesDownload
The objective of this paper is to perform a comprehensive analysis of regional policy evaluation in Turkey, while providing insights on transformations in global trends, domestic targets, development policy structures and implementation. The paper firstly considers the Turkish administrative structure and the meaning of ‘region’. This is followed by an examination of regional disparities from an administrative perspective and the transformation of regional development policies in accordance with the legal framework. In the subsequent part, the study scrutinizes the institutional capacity to implement effective regional policy, and finally it analyses reform packages that prescribe newly established institutions such as (regional) development agencies in order to fulfill the requirements of the EU acquis communautaire.
European Policy Research Paper, No. 98, European Policies Research Centre, University of Strathclyde, Glasgow
The work, commissioned by Scotland Europa, presents the findings of the Scottish Stakeholder Discussion on the Future of European Collaboration, held on 29 September 2017 in Edinburgh organised by Scotland Europa, the Royal Society of Edinburgh and Scottish Enterprise. The aims of the Conference were to stimulate participation in current EU programmes and wider EU collaboration as ‘investment in the future’, and to gather views to feed into Brexit discussions at Scottish and UK levels. The primary focus was on competitive EU funding programmes, in particular Horizon 2020 and INTERREG, but the debate also included the role of, and synergies, with the European Structural and Investment Funds (ESIF), and other forms of EU project-based funding.Download
Regional development is one of the main EU spending priorities through its Cohesion Policy. Brexit is among several influences on the future of the policy, whose evolution is part of a wider reshaping of the principles and practice of regional policy in Europe. A new paper by John Bachtler of EPRC and Iain Begg of LSE in Papers in Regional Science examines the emerging policy challenges for regional development and recent contributions to the regional literature policy. Drawing partly on EPRC research conducted under the EoRPA programme, it highlights innovation, human capital and effective institutions as three crucial dimensions of future policy. The paper argues that a shift in regional policy priorities, governance and territorial focus is underway – partly influenced by place‐based policy thinking ‐ at EU level under Cohesion Policy as well as under national regional policies in the EU27 andDownload
IQ-Net Review Paper 42(1), European Policies Research Centre, University of Strathclyde, GlasgowDownload
COHESIFY: The Impact of EU Cohesion Policy on European Identification. European Policies Research Centre, University of StrathclydeDownload
European Structural and Investment Funds Journal, Volume 6, Issue 2, pp. 156-168Download
IQ-Net Thematic Paper 42(2), European Policies Research Centre, University of Strathclyde, GlasgowDownload