sharing methodologies on FINancial ENgineering for enterprises

Programme 2007 - 2013 Interreg IVC

Date of latest update: 2021-04-06

Description

Description (EN):

FIN-EN project aims at enhancing co-operation between regional and national authorities across Europe on the methodologies and instruments used for implementing Financial Engineering operations in the framework of EU Structural Funds. Financial Engineering is an option offered to member states to reviewing the ERDF/ESF disbursement procedures by using financial instruments (as opposite to traditional grants) able to provide EU funding even after the 2013 deadline.The aim is to maximise the use of EU funds (by increasing the leverage effect and stimulate private co-investment and involvement), support a greater number of SMEs, speed the disbursement process, reinforcing the principle of subsidiarity and mutual accountability across EU through a direct involvement of beneficiaries in the operations.The project's main goal is to set up a wide and stable network where Managing Authorities from the Objectives areas "Convergence" and "Regional Competitiveness and Employment" would confront themselves with respect to each phase of implementation of FE operations, as well as the underlying financial instruments, in order to find concrete solutions to similar problems. FIN-EN proposes an integrated exchange of experiences where partners will present their most effective financial instruments and methodologies, will learn from other partners' experiences and formulate semplification proposals for future implementation, in view of the next SFs' programming period. The activities are divided into three Components strictly inter-related: - Project management and co-ordination: setting up of an internal structure to co-ordinate the partners' activities, inter-face with EU Programmes bodies, support technical and finacial activities and reporting processes. - Exchange of experience: analysis, discussion and share of experiences in the implementation of the most relevant financial engineering instruments in the contest of: 1) "Thematic Working Groups", that will discuss main issues, obstacles and challenges in the process of implementation of the financial products, for each phase of the FE operations 2) " Study Visits" where staff of different institutions will further co-operate through on-the field visits to learn more about experiences considered of special interest by the partners. The exchange will firstly take place in the context of a large partnership of 13 partners representing 13 different EU regions from Northern (DK, DE, LT, LV), Eastern (HU, SI), Southern (GR, IT, PT, ES) and Western (BE, FR, UK) member States. 3. Dissemination and information: once the best instruments and methologies have been shared at the internal level, the network will disseminate the achieved results at the external regional, national and EU level through: web-site, network promotion campaign and material (brochures, press releases, leaflets, flyers, e-newsletters, studies),seminars, conferences involving regional and EU authories in charge of regional policies

Achievements (EN):

The FIN-EN project gathers together 13 partners representing national and regional public banks, public authorities, development agencies, European associations, most of them being Managing Authorities or Holding Fund Managers of Financial Engineering Instruments (FEI) set up or in the process of being set up under EU Structural Funds.The project's objective is to create a joint platform where to share common experiences, face encountered problems and propose possible solutions concerning all FEI life-cycle phases: programming, implementation and monitoring/reporting.The project activities concretely started in the occasion of first meeting held in Brussels on 26 and 27 March 2012. During the meeting the consortium met and exchanged more in-depth information about project structure (split into components and sub-components, i.e. the Survey mapping, Thematic Working Groups and Study Visits) and role of the partners, expected outputs and results, management aspects (FLC set up and nature of eligible expenses), governance of the project (appointing the members of the Technical Advisory Committee) communication and dissemination tasks. After the end of the meeting, the minutes, the chronoprogramme, the presentations and the formal budget annexes have been circulating among partners. In 1st semester, while LP finalized all administrative steps, signing the Subsidy Contract and the Partnership Agreement, some "coordinating" partners (those partners with a coordination task involved deeply in the first project months) started elaborating with LP their respective contributions for the project: Communication Leader (P2) began to set up a draft version of the communication plan and the visual identity, being supported by an external supplier. A final visual identity, necessary for all further communication tools, has been assessed by partners and finally approved.The Survey Coordinator (P4) realized a first proposal of the Mapping Grid, Best Practices criteria and list of topics for TWGs in collaboration with LP; the proposals were further improved with the feedbacks from all partners all along 1st semester; the mapping grid, the best practices criteria and list of topics will be officially approved by the Technical Advisory Committe during 2nd semester. TWG1 Leader (P5) started preparing for the organization of TWG1 in Auvergne in October 2012 with the coordination of LP.

Website: http://www.interreg4c.eu/

Thematic information

SME and entrepreneurship

Partners (13)

Lead Partner: Finlombarda - Finanziaria per lo Sviluppo della Lombardia SpA (Finlombarda SpA)

Address: Via Taramelli 12, 20124 Milan, Italy

Legal status: n/a

Conseil régional d'Auvergne

Name: Conseil régional d'Auvergne

Address: 13-15, av de Fontmaure, 63400 Chamali, France

Legal status: n/a

ΕΤΕΑΝ Α.Ε. (ΕΘΝΙΚΟ ΤΑΜΕΙΟ ΕΠΙΧΕΙΡΗΜΑΤΙΚΟΤΗΤΑΣ ΚΑΙ ΑΝΑΠΤΥΞΗΣ)

Name: ΕΤΕΑΝ Α.Ε. (ΕΘΝΙΚΟ ΤΑΜΕΙΟ ΕΠΙΧΕΙΡΗΜΑΤΙΚΟΤΗΤΑΣ ΚΑΙ ΑΝΑΠΤΥΞΗΣ)

Address: 24, Xenias street, 11528 ATHENS, Greece

Legal status: n/a

SID - Slovenska izvozna in razvojna banka, d.d. Ljubljana

Name: SID - Slovenska izvozna in razvojna banka, d.d. Ljubljana

Address: Josipine Turnograjske 6, SI - 1000 Ljubljana, Slovenia

Legal status: n/a

Region Midtjylland

Name: Region Midtjylland

Address: Skottenborg 26, DK - 8800 Viborg, Denmark

Legal status: n/a

Valsts akciju sabiedrība "Latvijas Hipotēku un zemes banka"

Name: Valsts akciju sabiedrība "Latvijas Hipotēku un zemes banka"

Address: Doma laukums 4, LV-1977 Riga, Latvia

Legal status: n/a

UAB "Investiciju ir verslo garantijos" - INVEGA

Name: UAB "Investiciju ir verslo garantijos" - INVEGA

Address: Konstitucijos av. 7, LT-09308 Vilnius, Lithuania

Legal status: n/a

Autoridade de Gestão do COMPETE/POFC (AG COMPETE)

Name: Autoridade de Gestão do COMPETE/POFC (AG COMPETE)

Address: Av. D. João II, Lote 1.07.2.1 - 3.º Piso, 1998-014 LISBOA, Portugal

Legal status: n/a

European Association of Public Banks and Funding Agencies

Name: European Association of Public Banks and Funding Agencies

Address: Avenue de la Joyeuse Entrée 1-5, 1040 Brussels, Belgium

Legal status: n/a

EDOP- Nemzeti Fejlesztési Ügynökség, Gazdaságfejlesztési Operatív Programok Irányító Hatósága

Name: EDOP- Nemzeti Fejlesztési Ügynökség, Gazdaságfejlesztési Operatív Programok Irányító Hatósága

Address: Wesselényi utca 20-22., 1077 Budapest, Hungary

Legal status: n/a

Wirtschafts und Infrastrukturbank Hessen rechtlich unselbständige Anstalt in der Landesbank Hessen - Thüringen Girozentrale -WIBank

Name: Wirtschafts und Infrastrukturbank Hessen rechtlich unselbständige Anstalt in der Landesbank Hessen - Thüringen Girozentrale -WIBank

Address: Strahlenbergerstraße 11, 63067 Offenbach, Germany

Legal status: n/a

Agencia de Innovación y Desarrollo de Andalucía IDEA

Name: Agencia de Innovación y Desarrollo de Andalucía IDEA

Address: 26, Calle Torneo, 41002 Seville, Spain

Legal status: n/a

Department for Communities and Local Government (DCLG)

Name: Department for Communities and Local Government (DCLG)

Address: Arpley House, 110 Birchwood Boulevard, Birchwood, WA3 7QH Warrington, United Kingdom

Legal status: n/a

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Conseil régional d'Auvergne

sharing methodologies on FINancial ENgineering for enterprises

Partners and Projects info

ΕΤΕΑΝ Α.Ε. (ΕΘΝΙΚΟ ΤΑΜΕΙΟ ΕΠΙΧΕΙΡΗΜΑΤΙΚΟΤΗΤΑΣ ΚΑΙ ΑΝΑΠΤΥΞΗΣ)

sharing methodologies on FINancial ENgineering for enterprises

Partners and Projects info

SID Bank, Inc.Ljubljana

sharing methodologies on FINancial ENgineering for enterprises

Partners and Projects info

Region Midtjylland

sharing methodologies on FINancial ENgineering for enterprises

Partners and Projects info

Finlombarda SpA

sharing methodologies on FINancial ENgineering for enterprises

Partners and Projects info

Valsts akciju sabiedrība "Latvijas Hipotēku un zemes banka"

sharing methodologies on FINancial ENgineering for enterprises

Partners and Projects info

UAB "Investiciju ir verslo garantijos" - INVEGA

sharing methodologies on FINancial ENgineering for enterprises

Partners and Projects info

Autoridade de Gestão do COMPETE/POFC (AG COMPETE)

sharing methodologies on FINancial ENgineering for enterprises

Partners and Projects info

European Association of Public Banks and Funding Agencies

sharing methodologies on FINancial ENgineering for enterprises

Partners and Projects info

EDOP- Nemzeti Fejlesztési Ügynökség, Gazdaságfejlesztési Operatív Programok Irányító Hatósága

sharing methodologies on FINancial ENgineering for enterprises

Partners and Projects info

Economic and infrastructure Hessen non-autonomous institution within the Landesbank Hessen -Thüringen Girozentrale - WIBank

sharing methodologies on FINancial ENgineering for enterprises

Partners and Projects info

Agencia de Innovación y Desarrollo de Andalucía IDEA

sharing methodologies on FINancial ENgineering for enterprises

Partners and Projects info

Department for Communities and Local Government (DCLG)

sharing methodologies on FINancial ENgineering for enterprises

Lead partner

Project partner

Summary

Project name (EN): sharing methodologies on FINancial ENgineering for enterprises

Project acronym: FIN-EN

Project start date: 2012-01-01

Project end date: 2014-12-31

Project status: closed

Total budget/expenditure: EUR 1 995 000.00

Total EU funding (amount): EUR 1 567 194.00

Information regarding the data in keep.eu on the programme financing this project

Financing programme

2007 - 2013 Interreg IVC

Last month that data in keep.eu was retrieved from the Programme's website or received from the Programme

2015-09-01

No. of projects in keep.eu / Total no. of projects (% of projects in keep.eu)

204 / 204 (100%)

No. of project partnerships in keep.eu / Total no. of project partnerships (% of project partnerships in keep.eu)

2 250 / 2 250 (100%)

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sharing methodologies on FINancial ENgineering for enterprises

Description

Thematic information

Partners (13)

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Summary

Information regarding the data in keep.eu on the programme financing this project

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