Transcript The EU Investment Plan and ESI funds STRUCTURED DIALOGUE WITH ESIF PARTNERS GROUP OF EXPERTS BRUSSELS, 23 APRIL 2015

The EU Investment Plan and ESI
funds
STRUCTURED DIALOGUE WITH ESIF PARTNERS
GROUP OF EXPERTS
BRUSSELS, 23 APRIL 2015
I.
The Investment Plan for Europe
II. ESIF and the Investment Plan
I. The Investment Plan for Europe
THE EU INVESTMENT TRIANGLE
MOBILISING FINANCE FOR INVESTMENT
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Strong boost to strategic investments
Better access to investment finance
for SMEs and mid-cap companies
Strategic use of EU budget
Better use of the European Structural and
Investment Funds
MAKING FINANCE REACH THE REAL ECONOMY
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Project pipeline preparation and selection
Technical assistance at all levels
Strong cooperation between National
Promotional Banks and the EIB
Follow-up at global, EU, national and
regional level, including outreach activities
IMPROVED INVESTMENT ENVIRONMENT
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Predictability and quality of regulation
Quality of national expenditure, tax systems
and public administration
New sources of long-term financing
for the economy
Removing non-financial, regulatory barriers
in key sectors within our Single Market
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EU guarantee
EUR 16 bn*
EUR 5 bn
European Fund for Strategic Investments
EUR 21 bn
Possible other
public and
private
contributions
EUR 5 bn
EUR 16 bn
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Long-term investments
circa EUR 240 bn
SMEs and mid-cap firms
circa EUR 75 bn
Total extra over 2015-17:
circa EUR 315 bn**
* 50% guarantee = EUR 8 bn from Connecting Europe Facility (3.3), Horizon 2020 (2.7) and budget margin (2)
** Net of the initial EU contributions used as guarantee: EUR 307 bn
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Mobilising finance for investment – leverage
Over three years
Positive impact
on investment throughout
the economy
Priorities at national
and regional level (e.g. SMEs,
research, transport, environment)
Impact of Member States'
contributions to the Fund
'overall
doubling'
> EUR 20bn
EUR 315 bn
SMEs and mid-cap companies
Improved investment
environment at EU
and national level
Better use of the
European Structural
and Investment Funds
Possible Member States'
contributions to the Fund
European Fund for
Strategic Investments:
EUR 21 bn (initially)
Strategic investments of European
significance in energy, transport,
broadband, education,
research and innovation
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II.
ESIF and the Investment Plan for Europe
Investment Plan for Europe
1. Mobilise finance for
investment
European Fund for Strategic
Investment (EFSI)
Better use of ESI Funds
i.a. extensive use of Financial
Instruments
2. Make finance reach the
real economy
Technical Assistance
3. Improve investment
environment
Ex-ante Conditionalities
≥ EUR 315bn
Long-term investments
SMEs and mod-cap firms
≥ EUR 20bn additional
investment for 2015-2017
SMEs
Research
Transport
Environment
JASPERS
FI-Compass
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Financial Instruments (FI)
Resource-efficient way of using EU budget funds to enable
investment in the economy
Through loans, guarantees, equity, venture capital, etc.
TA R G E T S
2014-2020
What's New?
Regulation: FI
extended to ALL
thematic objectives
and all ESIF funds
Additional support:
FI Compass –advisory
service,
'off-the shelf'
instruments,
guidance
documentation
 At least an overall doubling of the use of FI
(EUR 12bn to ± 30bn)
Leverage Effect
Initial EU
Investment
Total
Target
Total
Investment
Doubling of financial instruments
• Financial instruments are particularly effective to
increase the impact of ESIF
• An overall doubling of the use of financial
instruments in 2014-2020 relative to 2007-2013
(increase from EUR 12 billion to close to EUR 30
billion) is an ambitious but realistic target
• This extra EUR 18 billion could leverage
additional investments between EUR 40-70bn (of
which at least EUR 20bn in first three years)
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How is this target achievable?
% to deliver through financial instruments:
•5% Research, Development and Innovation
•10% ICT
•50% SME support
•20% low carbon economy
•5% environment and resource efficiency
•10% sustainable transport
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Why is this target achievable?
• Legal framework for 2014-2020 is open to all
thematic objectives and widens implementation
options
• SME Initiative is up and running: ES signature on 26th
January
• "Off-the-shelf instruments": ready-to-use and state
aid cleared templates for financial instruments
• Fi-compass: knowledge hub for guidance and advice
on financial instruments http://www.fi-compass.eu/
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Thank you for your
attention!