EPRC is leading two events on financial instruments at #EURegionsWeek

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Financial instruments in UK economic development policy after Brexit

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Financial instruments in UK economic development policy after Brexit

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OECD and DG Regio launch new study on regional development policy

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EPRC is organising a special session on 'Financial instruments, Cohesion policy and regional development' at the Regional Studies Association annual conference in Lugano, Switzerland in June 2018.

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Expectations and reality

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This study aims to address the 'territorial gap' in financial instruments research, looking at the spatial incidence of FIs, their added value and the extent to which different territorial features and governance mechanisms help or hinder the use of FI in regional development policy. It is being undertaken for ESPON by a consortium also comprising TU Delft in the Netherlands, Nordregio in Sweden and Red2Red Consultores in Spain.

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This study analyses ESIF financial instruments for energy efficiency and renewable energy sources and their implementation. The results suggest that, because implementation is highly context-dependent, transferability of lessons and good practice is limited. EE and RES FIs require specialist support and are constrained by operational programme lifecycles. More could be done to measure the impact of EE and RES FIs, though assessing the performance of both low carbon policies and financial instruments is highly challenging.

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How do Structural Funds change the contents and implementation arrangements of policies?

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The third issue of EStIF for 2016 includes two EPRC contributions to the debate on Cohesion policy achievements and improvements

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