113x Filetype PPTX File size 0.17 MB Source: ec.europa.eu
Main TA needs for designing, setting-up & implementing FIs in cohesion policy TA and advisory needs at various stages of FI implementation Forms of delivering assistance Design of FIs • advice on conducting ex-ante assessments, P r • assessing market demand, policy fit, sector-specific investment strategies and o products, g r • development of implementation structures, a • identification of potential co-financing sources, m • State aid and procurement considerations, m • features and economic viability of target final recipients, etc. e M - H u a Set-up of FIs o l n r ti d i z - i • advice on procurement and selection of bodies implementing FIs, o r n Implementation • development of business plans of FIs for thematic objectives, n e s t g t • Drafting and conclusion of funding agreements, etc. a i r cycle of FIs l o u n m A Implementation of FIs s A e s s n i s t s i - • guidance on the investment process (identification, evaluation and selection of t s s a t p final recipients or projects), n a e • financing agreements with final recipients, c n c e c i • financial management (treasury, disbursement, repayment, follow-on e f investments), c • cost and fee structures, a s • detection and settlement of irregularities, s i • monitoring, auditing, reporting, etc. s t a c Exit / Winding-up of FIs n • advice on exit strategies, e • legacy requirements, • situations of default , etc. Two forms of assistance delivery under the TAP European Commission MS-level support [outside the scope of Initiated by EC Paid by EC Paid by EC the TA platform] Horizontal assistance: Multi-region assistance: Programme-specifc assistance: • initiated by CP stakeholders for the • applicable to all MS and types of • services and guidance regarding the financial instruments benefit of more than X managing design, set-up and implementation of a • initiated and financed by the EC (top- authorities in a minimum number of Y specific FI within specific programme down) MS (bottom up); paid by the EC • requested by managing authorities and • on the basis of several open calls for • activities would typically include the financed by the MA from the TA budget exchange of best practice and the project proposals to be organised by EC of the programme involved. • activities would typically include support networking across MS, as well as • activities would typically include the trainings or guidance on common for the development of FIs targeting formulation of sector and territory- themes such as ex-ante assessments, development objectives or market specific investment strategies, the public procurement, regulatory aspects failure that are shared by a number of design of specific loan, equity or concerning cohesion policy, possibly regions (e.g. EE interventions in housing guarantee products or the development State aid, etc. in CEE or cross-border initiatives of procurement procedures. (Baltics)). Appropriate advisory service providers (IFIs, NFIs, other) Any service provider TA Initiated by MA/IFIs/NFIs TA Requested under the TAP by MA Paid by MA Member States, managing authorities and other ESIF stakeholders MS/MA, ESIF stakeholders TA Proposal: EC management of TAP horizontal and multi-region assistance S T R A SUPERVISORY BOARD T E G Y E E X EUROPEAN COMMISSION E C U T I EC internal contract management V Horizontal Assistance Multi-region Assistance (REGIO DGA1.B.3) 1. Call for project Direct award of A ADVISORY BOARD proposal (identifying also D one single multi- service providers) V I S annual service (EC; IFIs; independent experts) 2. Agreement with O contract R Advice on horizontal & multi-region assistance advisory service Y provider for selected projects Co-ordination Individual agreements group (EC/EIB) Agreement Agreement Agreement I M Advisory Advisory Advisory P L E Service Service Service M EIB Group E N Provider 1 Provider 2 Provider … T A T (IFI, NFI, other) (IFI, NFI, other) (IFI, NFI, other) I O N Horizontal Assistance Multi-region Assistance Project Proposals Member States, managing authorities and other ESIF stakeholders First messages from the public survey (1) Three questions with sub-sections for which the number of responses ranges from 53 to 60 1. Thematic Objectives which are of interest for financial instruments: The strongest interest for "3. Enhancing competitiveness of SMEs" with 58% followed by "1. Strengthening research, technological development and innovation" with 45% and "Supporting the shift to low-carbon economy in all sectors" with 45%. The three areas with lowest interest are: "9. Promoting social inclusion and combating poverty" with 12%, "10. Investing in education, skills and lifelong learning" with 12% and "11. Enhancing institutional capacity and an efficient public administration" with 7%. 2. From whom the respondents received certain TA services in 2007-2013: Design phase: the Commission/EIB Group Joint Initiatives played the most important role in delivering guidance on market assessments (29%) and together with Holding Funds on governance structures (21%). Set-up and Implementation phases: Holding Funds at the pole position for all but "monitoring and auditing of FIs" where the Managing Authority is first (33%). In those phases, the role of the Commission/EIB Group Joint Initiatives is the highest for "assisting/managing the procurement process to select FI manager (19%) and the lowest in "apprising business plans/investment strategies" (9%) and "Negotiating agreements with project promoters" (7%). Exit/winding up phase: advice on "exit strategies" and "legacy 5 requirements" was received by most respondents from the MA (26%, 28% respectively) and "on how handle defaults and delayed payments" from the Holding Fund (26%). First messages from the public survey (2) 3. How respondents think TA can be best provided by the TAP: For all tasks in all phases there is a clear preference for the Horizontal Assistance (HA). The shares of respondents preferring this option are more or less double as high as those for Multi-regional Assistance (MRA). The smallest differences for the four phases can be found for "Guidance on specific issues related to the Thematic objectives" (41% HA vs. 36% MRA), "Guidance for the selection of Fund Managers" (50% HA vs. 33% MRA), "Guidance on business plan and application support for project types" (51% HA vs. 28% MRA) and "Advice on exit strategies" (68% TA vs. 25% MRA). Next steps: Full analysis of the survey results should be available soon Discussion with the Member States experts today Discussion with stakeholders on 20 June Development of a catalogue of specific activities based on the results of the public survey by October (EIB study) Conclusion of the necessary contractual arrangements for the Horizontal Assistance before end-2013: Horizontal Assistance to be operational as of 1 January 2014 Call for proposals for the Multi-regional Assistance to be launched by end- 2013 6
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