Spring Academy

Financial Instruments in ESI Funds:
Successful Implementation

€ 1900 (excl. VAT)
  • Description

    How to achieve best results with Financial Instruments (FI)? How to ensure that FI are implemented correctly and bring sustainable effects? How to prepare the ex-ante assessment and a smart investment strategy? How to safeguard compliance with the State Aid rules? Participation in this workshop will provide you with current knowledge and handy tools to deal effectively with FI during the new Multiannual Financial Framework.


    Our expert practitioners will discuss vital FI topics, including the legal framework, the cooperation between Funds Manager and Financial Intermediaries, the selection process of the Intermediaries as well as the set-up of individual instruments, to make your job easier, more effective and to bring you more confidence. We will also discuss the particular importance of FI in the post- COVID period in bringing relief and development to our economies.


    The workshop will cover the following issues


    • Lessons Learned in Programming Period 2014-2020;
    • Cooperation between Fund of Funds Manager and Financial Intermediaries;
    • Structuring and Implementation of Loan Instruments;
    • Selection of Financial Intermediaries;
    • Structuring and Implementation of Guarantee Instruments;
    • Ensuring Compliance with State Aid Rules;
    • Combination of Grants with FI’s;
    • Equity Fund Practice;
    • Problem-solving.


    We believe learning happens best when practical knowledge and experience are involved. Therefore we will take a deep look into a set of international case- studies and engage in problem-solving sessions.


    Who is the workshop for?


    • Representatives from public authorities in charge of financial management, control, and audit, especially from Fund or Funds Manager;
    • Managing Authorities;
    • Certifying Authorities;
    • Audit Authorities;
    • Financial Intermediaries;
    • ESI Funds experts from regional and local authorities;
    • Beneficiaries of EU Financial Instruments i.e.: private and public companies, associations, research institutes;
    • Public and private banks;
    • International, national and local associations and networks;
    • Consultants.


    After the completion of the first day of the Spring Academy, we are inviting participants to a walking tour to discover the spirit of Lisbon with our urban expert, followed by a get-together dinner in a restaurant.

  • Programme

    Wednesday 5 June 2024

    • 09.00

      Welcome note by ESI Funds Academy

      Introduction of participants, tour de table

    • 09.15

      Introduction to the topic, lessons learned in Programming Period 2014-2020 and presentation of the Programming Period 2021-2027

      • Short questionnaire;
      • Overview of Multi-annual Financial Framework 2021-2027;
      • Opportunities offered by the 2021-2027 framework;
      • Facts and figures for 2014-2020: lessons learned;
      • What is happening before the FI – programming period? Case study;
      • The legal structure that enables financial instruments – new cohesion package;
      • Financial instruments in Cohesion Policy;
      • Rationale behind the use of financial instruments and key preconditions for the implementation;
      • The Lifecycle of FI`s – from design to closure.


      Ana Pašiček, Expert on Financial Instruments

    • 10.45

      Coffee Break


    • 11.05

      Typical design elements for financial instruments

      • Ex-ante assessment;
        types of financial instruments – which one to choose;
      • Selection of the implementation option;
      • Funding Agreement – structure according to regulation;
      • Investment strategy, Business Plan with practical examples and content;
      • Example of Financial plan – defining parameters with participants;
      • Management Costs and Fees.


      Ana Pašiček, Expert on Financial Instruments

    • 12.30


    • 13.30

      Selection of Financial Intermediaries

      • Discussion on the role of financial intermediaries;
      • Relevant legislation;
      • Types of potential financial intermediaries / financial institutions;
      • Market research as an introduction to the public procurement process – joint preparation of an example;
      • Public procurement and the design of competitive calls – Necessary steps and main documentation;
      • Case study: selection of financial intermediaries for the implementation of a financial instrument in the form of a risk sharing loan.


      Ana Pašiček, Expert on Financial Instruments

    • 14.30

      Structuring and Implementation of Financial instrument in combination with Grant in a single operation

      • Discussion and joint review of the participants’ experience;
      • General rules and overview of possibilities;
      • What is eligible for financial instruments?
      • State aid rules – a starting point;
      • Key elements of the product to be defined, ways to ensure leverage;
      • Controlling and reporting;
      • Visibility and transparency;
      • Case study – Structuring a risk sharing loan financial instruments with capital rebate in practice.


      Ana Pašiček, Expert on Financial Instruments

    • 16.00

      End of the official programme of day one

    • 18.00

      Get together dinner

      After the completion of the first day of the Academy, we are inviting the participants to a walking tour to discover the spirit of Lisbon followed by a get together dinner.


      Starting point: Hotel Lobby

    Thursday 6 June 2024

    • 09.00

      Structuring and Implementation of Guarantee Instruments

      • Guarantee Instruments;
      • General rules;
      • Key parameters of guarantee to be decided;
      • Case study from Poland: Loan Portfolio Guarantee for Innovative SMEs – guarantee supported by interest rate subsidy.
    • 10.30

      Coffee Break

    • 11.00

      Ensuring Compliance with State Aid Rules I

      • The concept of State aid and its application to ESI Funds and financial instruments;
      • State aid regulations applicable for financial instruments;
      • General Block Exemption Regulation (GBER);
      • What are the conditions for an exemption?
      • Specific requirements applying to FIs;
      • Rules on Risk Finance.


    • 12.30

      Lunch break

    • 13.30

      Ensuring Compliance with State Aid Rules II: Case Studies

      • How to use  de minimis  aid and off the shelf financial instruments;
      • How to ensure that all aid is passed on to final beneficiaries;
      • Case Study.
    • 15.00

      Problem Solving Session

      Send us your questions and cases in advance and get the opportunity to discuss them with our experts.


    • 16.00

      End of day two

    Friday 7 June 2024

    • 09.00

      Combination of Grants with FIs

      • Set-up of the combined support scheme – loan and grant (basic rules defined on EU and national level);
      • Embedment in the national support system (co-existence with grants and independent financial instruments);
      • Application under different thematic objectives, experiences.
    • 10.30

      Coffee break

    • 11.00

      Equity Fund Practice

      • Equity Instruments;
      • General rules;
      • Key parameters to be decided;
      • How does an equity fund work in terms of rules (i.e. management fee, hurdle rate, carried);
      • The economics of a fund, including costs related to compliance.
    • 12.15


    • 13.15

      Summary of Main Points, Lessons to be Drawn and Advice, and Final Comments by Participants

    • 13.45

      End of the Academy & Distribution of Certificates

  • Experts

  • Venue

    4* Hotel in Lisbon

    Hotel Açores Lisboa

    Av. Columbano Bordalo Pinheiro 3, 1070-060 Lisboa, Portugal


    Next to the training materials, the trainign fee is covering


    • Catering during the training (3 Coffee Breaks and a Lunch every day);
    • Walking Tour in Lisbon in the evening of the First Day of the Training;
    • Networking Dinner in the evening of the First Day of the Training.

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