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Investment Plan For Europe

EFSI and related instruments at a glance
by

Antonio Lotito

on 3 October 2016

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Transcript of Investment Plan For Europe

EFSI Opportunities

Group

Investment Plan for Europe
(Junker Plan 2014-2018)

EU

- €16 bn
EIB
(European Investment Bank)

- €5 bn
Investors

- €* bn obtained stimulating Investment
AIM
Remove obstacles to investment
providing visibility and technical assistance to investment projects and making
smarter use of financial resources.
How?
ACTIONS
Mobilizing finance
Supporting
investment in real economy
Creating an
investment friendly environment


Mobilizing
finance
EFSI
(European Fund for Strategic Investment)

Total investment:
mobilizing at least
€315

bn
in 3 years (2018).

Note
: EFSI is integrated into the EIB. Consequently supported projects are subject to EIB project cycle and governance
SECTORS
Strategic Infrastructure (Digital transport, Energy, ...)
Renewable energy and resource efficiency
Environmental, urban development and social projects
Education and training, Research, development and innovation
Support for smaller business (< 250 persons) and midcap companies (< 3000 persons)
About ?
INSTRUMENTS
Loans
Guarantees
Credit Enhancement Products to stimulate capital market financing
Equity type products (including those taking technology, demand or regulatory risk)
Through
WHO CAN APPLY?
Companies of all sizes (including SMEs)
Utilities
Public sector entities
National promotional bank (or other banks to deliver intermediate funding)
Bespoke investment platforms
Who ?
PROJECTS
How?
Commercially sound economically and technically viable
Mature enough to be bankable
Contributing to EU objectives and to susteinable growth and employment
Features:
EIAH

(European Investment Advisory Hub)

Support instrument for strengthen and accelerate investment, through:
project preparation
use of financial instruments and financial structuring innovation space
capacity building
support for PPP design
Supporting
Real Economy
Supporting
EIPP

(European Investment Project Portal)
Supporting
Real Economy
pipeline of investable projects in EU to engage investors
projects promoters submit project via portal to be matched with investment opportunities
EFSI Independent: no guarantee projects presented in the portal will receive EFSI or other EU financial support
Projects forms can be submitted in one of the EU language (EU translate in English before be published) then screening
Submitting a project does not impose any legal obligation
Portal designed as central EU project info platform allowing investors to find opportunities according to their preferences
100€: fee for private project promoters after form submitted and ready for process (then such fee will be increased up to 250€)
live in Spring 2016
REQUIREMENTS
Total Cost:
>
10 M€
Fall under one the high economic value-added sectors (max 2 sectors per project)
Start within 3 years after submission
Be promoted by public or private legal entity in EU
Be compatible with EU and National laws

Project
Constraints
SPECIFIC
SECTORS
Knowledge and digital economy
- Research, Development, Innovation
- ICT infrastructure
- Digital (contents, services, ...)

Energy Union
- Renewable and conventional energy production
- Energy efficiency
- Electricity and gas infrastructure
- Fuel extraction and refining
- Energy R&D



Social Infrastructure

- Human capital, education and training
- Health
- Cultural and creative industries
- Tourism
- Social infrastructure
- Social and solidarity economy

Resource and environment
- National resources
- Agriculture and rural development
- Resource efficiency
- Climate change

1 -
Proposal
(project promoters present proposals to EIB)
2 -
EIB Appraisal
(financial, economic, social, environmental and technical assignment)
3 -
EIB Approval
(EIB management Committee, Investment committee assessment and approval, final approval by EIB board of directors)
4 -
Signature
(financial contracts is agreed)
5 -
Disbursement
6 -
Monitoring and reporting
7 -
Repayment
PROJECT CYCLE
Management
IMPROVING INVESTMENT ENV.
Improved and more predictable
regulations
at all levels
Making the
most of single market strategy
(e.g. capital market union, single market strategy, digital single market, energy union)
Structural reforms
in the member states
Openess to international trade and investment

Note:
main challenges have been mapped at
national level

(Link1)
Other facilitation to create
investment friendly environment
Join our group on Linkedin
:
EFSI - European Fund for Strategic Investment Opportunities Group
Links are available @: http://is.gd/efsi_links
- Paolo Mulassano - ISMB
- Alberto Francesco Anfossi - CSP-ST
- Antonio Lotito - ISMB

About ?

Transport
- Trans-European network
- Moltimodal nodes
- Urban mobility projects
- New technologies and trasnsport greening
- Vehicle and transport system
Long-Term Investments
(Infrastructures)

- No need for cross-border projects
- No need to go through government or municipalities
- Financing can flow (partially) in non-EU countries
Infrastructures > 25 M€
Infrastructures < 25 M€
Projects are directly financed via
EIB loans
(Link2)
Projects are financed via
EIB
but should be grouped together in co-investment platforms: Framework Loan, Dedicated Funds) via
loans
Investments
towards SMEs and MIDCAPs (<3000 employees)

- Increase how EU programmes are deployed (COSME, INNOVFIN)
- Increase access to risk financing
Projects > 7 M€
Projects < 7 M€
Projects are directly financed via
EIF
(European Investment Fund)
(Link3)
(Link4)
Projects are financed via Financial Intermediaries (
EIF)
SMEs and MIDCAPs:
other opportunities

- EU programmes (COSME, INNOVFIN)
- Consult FI-COMPASS
- Other finance supported by EU (SME instruments, Creative Europe, EaSI -Programme for Employment and Social Innovation, ESI - European Structural and Investment Funds
- ... (e.g. via EIB or EIF)

COSME
(
Loan Guarantee Facility
)
- Part of EU programme for Competiveness of enterprises and SMEs

- Budget ~ 650 M€ of first loss cover to support ~25 bn€ of financing for SMEs sharing credit risk
(Link5)
InnovFin
EU Finance for Innovators
- Programme that backs innovative SMEs under the H2020 innovation and research programme.

- Guarantees covering 50% credit risk incurred by EIF's intermediaries

- Facility deployed via bank leasing companies.
(Link6)

EU Progress Microfinance Facility
- 205 M€ ro provide support to Micro enterprises within EU-28.

- MicroFinance institutions are able to allocate micro credits (small loan or lease receivables below 25 K€ tailored to the needs of micro enterprises.
(Link7)
(Link8)

Joint European Resources for Micro to Medium Enterprises
JEREMIE
EIFP
- Promote financial engineering products enhancing SME access to finance in EU.

- Use EU member state structural funds to provide risk financing to SMEs.

- Encourage growth in less developed regions.
(Link9)
(Link0_1)
(Link0_3)
(Link0_4)
(Link0_5)
Large
Small
What
else?
Full transcript