Advisory Services Department Technical Assistance Platform for ESIF Financial Instruments 2014-2020 Context, concept and initial considerations ESF Informal Technical Working Group meeting, 24-25 September 2013, Vilnius (Lithuania) Björn Gabriel Senior Adviser, Advisory Services Department, European Investment Bank Advisory Services Department

Advisory Services Department Overview 1. ESIF Financial Instruments & related TA needs 2. Experience from EC/EIB Joint Initiatives & EIB role in ESIF FIs 3. EC’s proposed TA Platform for ESIF Financial Instruments 4. Initial considerations & outlook Advisory Services Department

1. TA & Advisory needs in relation to ESIF FIs Experiences 2007-2013 (primarily ERDF) Design, set-up and implementation of market-oriented financial instruments require new forms of expertise and significant advisory inputs, often exceeding the administrative and technical capacity of Managing Authorities. • “approximately 95% of managing authorities, 40% of financial intermediaries and 20% of final recipients involved in FI implementation received TA” Outlook 2014-2020 for all ESIF Funds Significant TA requirements anticipated for financial instruments in 2014-2020, in particular in view of their extended thematic scope & additional FI implementation options under the proposed CPR • “around 60% of interviewed entities represented in the sample stated that significant TA requirements are anticipated for ESIF FIs 2014-2020” For further details, please consult the following EC/EIB Studies: http://ec.europa.eu/regional_policy/thefunds/instruments/doc/fls_stocktaking_final.pdf http://ec.europa.eu/regional_policy/thefunds/instruments/doc/20130621_ta_survey_en.pdf Advisory Services Department

1. Key TA & Advisory needs related to FI life cycle Source: TAP concept paper, Feb 2013 Advisory Services Department

2. Experiences from EC/EIB Joint Initiatives ESIF Financial Instruments & the role of EIB Group HF/FoF manager as provided for under the ESIF regulatory framework EIF managing 11 HFs in 10 MS (EUR 1.16 billion or SF, year-end 2010) EIB managing 18 HFs in 9 MS (EUR 1.73 billion of SF, June 2011) Co-financing to ESIF Programmes and/or Financial Instruments Provisions of technical expertise and tailored advisory services (to EC and MS/MA) EC/EIB Joint Initiatives 2007-2013: JEREMIE, JESSICA & JASMINE Horizontal guidance & knowledge exchange mechanisms in support of FI development and delivery (TA at the initiative of the Commission) JEREMIE - access to finance for micro to medium enterprises JESSICA – sustainable urban development and EE/RES in urban areas JASMINE – capacity building of micro-credit providers Joint EC/EIB Group efforts considered instrumental in guiding sound FI implementation and boosting SF delivery through FIs from around EUR 1,2 bn in 2000-2006 to approx. EUR 11 bn for the period 2007-2011 Advisory Services Department

3. TA Platform for ESIF FIs (TAP) – EC proposal Source: TAP concept paper, Feb 2013 Advisory Services Department

4. Initial considerations & outlook Integrate joint support initiatives of 2007-2013 into a single framework accessible to MS/MA & widen its scope in line with the extended thematic scope for FIs in 2014-2020 Offer a basic level of guidance to ESIF stakeholders through Horizontal Assistance, while enabling demand-driven support initiatives through Multi-Region Assistance Recognise both generic TA needs and ESI Fund specificities requiring tailored guidance for ERDF, ESF, EAFRD and EMFF 1 TAP drivers Raise awareness on the potential role and value-added of FIs Provide methodical guidance for entire FI lifecycle in line with CPR provisions, other EU rules and market practice Knowledge management & dissemination Deliver capacity building activities Enable interaction & exchange of practitioners 2 TAP outputs EC shared management DGs & EIB Group to jointly develop TAP framework during 2013, with the support of PwC Prioritisation of TA needs and development of TAP work- programme under way TAP to be launched from 2014 onwards 3 TAP operationalisation Advisory Services Department

Advisory Services Department Thank you for your attention and feedback. Björn Gabriel Senior Adviser, Strategy, Policy & Coordination Division, Advisory Services Department, European Investment Bank b.gabriel@eib.org +352 43 79 83065 Advisory Services Department