European Regional Development Fund: financial instruments
Documents relating to financial instruments supported by the 2014 to 2020 European Regional Development Fund (ERDF).
Documents
Details
Financial instruments are an alternative to traditional grant funding and unlike grants the ERDF paid to the final beneficiary is repayable, thereby creating a ‘Legacy’ which can be re-invested. There are 3 main types of funding delivered through financial instruments:
- Equity / Quasi-equity
- Loan
- Guarantee
The requirement for each financial instrument project in the 2014 to 2020 European Structural and Investment Fund Programme to undertake an ex-ante assessment was introduced in the European Commission’s Common Provisions Regulation in 2013. The objective is to promote the use of sound evidence-based decision making when designing and implementing these projects.
These documents only relate to the ERDF.
The ERDF programme continues to invest in projects after the transition period ended on 31 December 2020. All funding must finish by the end of 2023.
Read more on the European Structural and Investment Funds.
Updates to this page
Last updated 17 December 2019 + show all updates
-
On the Spot Verification Visit guidance for Financial Instruments has been updated to version 3.
-
Cheshire and Warrington ex-ante assessment added
-
LCR and Low Carbon Innovation Fund's ex-ante assessments added
-
Cornwall and Isles of Scilly investment fund ex-ante assessment published.
-
First published.