Combining EU Structural and Investment Funds with other forms of Financial Support: Grants, Loans, Financial Instruments, EFSI and InvestEU in 2014-2020 and 2021-2027

Project number: 1930208

Unioncamere (Sala Sabbatini), Piazza Sallustio 21, Rome (IT)

Date & pricing

14/11/2019 - 15/11/2019
Register before: 23/10/2019

€ 1.100,00 per attendee

€ 990,00 for EIPA members*

Combining EU Structural and Investment Funds with other forms of Financial Support: Grants, Loans, Financial Instruments, EFSI and InvestEU in 2014-2020 and 2021-2027

From:  990,00

This seminar-workshop examines the mixing of grant and loan funding, with guarantees. In particular, we will describe how Structural Funds and the Cohesion Fund might be used alongside the EFSI instrument, the European Fund for Strategic Investment (part of the “Juncker Plan”)

About this course

This seminar-workshop examines the mixing of EU grant funding, with loan funding, guarantees and other financial instruments. In particular, we will describe how Structural Funds and the Cohesion Fund might be used alongside the EFSI instrument, the European Fund for Strategic Investment.

EFSI (part of the “Juncker Plan”), working with regular EIB loans, exists to lever private funding into projects with a higher degree of risk. A senior EIB official will describe how EFSI works and how the funding/guarantee can be accessed – how it is structured and managed, and in what circumstances can it be used. Examples from around the EU will be presented.

A Director of the Italian Agency for Territorial Cohesion will examine the increasing role that Financial Instruments are playing within EU Cohesion Policy. Besides, we will review how ESI Funds are used in the implementation of major projects, whether for infrastructure or for investments in companies.

A leading figure from the Italian Chamber of Commerce and Industry will consider what role public-private partnerships should have in delivering the next generation of essential infrastructure and services in Italy.

All projects – whether grant-funded or other mixed-package projects – must demonstrate a sound business case and pass a series of financial and economic viability tests. We will look at what the specific rules are for ESIF major projects and other large projects.

What you will learn in this course

Participants will leave with a clear picture of when and where EFSI might be used, how to access the funding, and how to plan it alongside ESI Funds, including Financial Instruments. They will understand the procedures in place for both Funds.

Participants will also understand how to proceed with securing EU co-finance for major projects and other projects – the required appraisal steps, including the financial analysis, the economic analysis and the risk and sensitivity analyses. Workshops and exercises will used in order to help fix ideas and technical procedures. There will be ample opportunity for an exchange of experiences from different Member States. It will draw together experience of a range of sectors and of the European institutions.

Who will benefit most?

The workshop will be of particular interest to those considering or planning to use EU grant and loan funding in conjunction with guarantees through EFSI. These include policy makers, public officials from Managing Authorities and other departments, private sector service providers, funders and professional advisers in EU Member States, candidate countries and beyond.  It should also be of interest to academics and to officials in European organisations.

Expert Robin Smail

Robin Smail

EU Structural Funds - External Expert

Anna Maria Fontana

Anna Maria Fontana

Financial instruments - External Expert

Sandro Pettinato

Sandro Pettinato

Financial support to SME and to infrastructures - External Expert

Practical information

Course venue
Unioncamere (Sala Sabbatini)
Piazza Sallustio 21
00187 Rome, Italy

Programme Organiser
Ms Winny Curfs
Tel: + 31 43 3296320
w.curfs@eipa.eu

Fee
The fee includes documentation and refreshments. Lunches, a reception or dinner are included if mentioned in the programme. Accommodation and travel costs are at the expense of the participants or their administration.

Discounts
EIPA offers a 10% discount to all civil servants working for one of EIPA’s supporting countries, and civil servants working for an EU institution, body or agency.

Who are the supporting countries?
Civil servants coming from the following EIPA supporting countries are entitled to get the reduced fee: Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Lithuania, Luxembourg, Malta, the Netherlands, Norway, Poland, Portugal, Spain, Sweden, United Kingdom.

For all other participants, the regular fee applies.

Meals
Lunches, the reception or dinner will be served at a restaurant in town. Special dietary requirements (e.g. vegetarian, diabetic) can be indicated once you receive the confirmation of the seminar.

Confirmation
Confirmation of registration will be forwarded to participants on receipt of the completed online registration form.

Payment
Prior payment is a condition for participation.

Cancellation policy
For administrative reasons you will be charged €150 for cancellations received within 15 days before the activity begins. There is no charge for qualified substitute participants.

EIPA reserves the right to cancel the activity up to 2 weeks before the starting date. In that case, registration fees received will be fully reimbursed. EIPA accepts no responsibility for any costs incurred (travel, accommodation, etc.). 

The programme

08.30 Registration of participants
09.00 Welcome of participants and opening of the seminar
Speaker, Representative of the Union Camere, Italia
09.10 Meeting the participants, seminar method
Marco Lopriore, Expert, EIPA Maastricht
09.30 Options for delivering infrastructure and SME support operations

·         ESIF priorities for 2014-2020, Financial Instruments, EFSI

·         major projects, revenue-generating projects

·         project appraisal principles, Cost-benefit analysis

·         project appraisal principles: rationale, demand, feasibility, options

·         financial and economic analyses: affordability, sustainability and viability

·         using public-private partnerships

Robin Smail, Visiting Expert EIPA and Independent Consultant (UK) (and former National Expert EC)

10.45 Coffee break
11.15 EFSI support: how does it work?

·         The Juncker Plan and the European Fund for Strategic Investments (EFSI)

·         how EFSI works: levering private sector investments, addressing risk

·         structuring financial packages and coordinating EFSI and other instruments

·         EFSI rules, EFSI applications

·         EFSI project examples

·         discussion

Andrea Clerici, European Investment Bank, Rome

13.00 Hot Buffet Lunch
14.15 Should your project be co-funded? Part I: the financial analysis, viability tests

·         project appraisal principles: rationale, demand, feasibility, options

·         financial and economic analyses: affordability, sustainability and viability

·         discounting; calculating FNPV and FRR/IRR

Robin Smail

15.00 Workshop: building a spreadsheet for the financial analysis

·         transport case study

·         investment costs, fixed and variable operating costs, revenues

·         calculating FNPV, FRR

Robin Smail

15.45 Coffee break
16.15 New eligibility rules for ESI Funds, 2014-2020 and 2021-2027

·         ERDF, Cohesion Fund

·         Sources of funding, durability, relocation

Marco Lopriore

16.40 Revenue-generating projects – the rules and the grant calculation

·         Eligible and non-eligible costs

·         Revenues, tariffs, polluter-pays principle

·         Grant calculation exercise

·         New options for the grant calculation for revenue-generating projects

Robin Smail

17.45 End of first day
09.15 Should your project be co-funded? Part II: economic viability test; risk and sensitivity analyses

·         From financial to economic appraisal: assessing socio-economic costs and benefits, shadow prices, conversion factors

·         Externalities and willingness-to-pay, calculating ENPV

·         Exercise with Risk

·         Risk and sensitivity analyses; case study

·         Environmental appraisal; compliance

Robin Smail

10.45 Coffee break
11.15 ESIF Grant funding, Financial Instruments and the future of EUInvest

·         changes to financial instruments supporting ESIF, 2014-2020

·         flexible instruments for business support

·         coordinating EFSI and ESIF funding

·         ongoing and planned projects

Anna Maria Fontana, Director, Ufficio Strumenti finanziari, Agenzia della Coesione Territoriale, Rome

12.30 Moving towards 2021-2027: InvestEU

·         the emerging InvestEU

·         combining elements of different instruments

Anna Maria Fontana

13.00 Hot buffet lunch
14.15 Public private partnerships: a  view from the Italian Chambers of Commerce and Industry

·         overview of PPP in Italy

·         bottlenecks and challenges for innovation and infrastructures

·         perspectives for the future

Sandro Pettinato, Deputy Secretary General of Unioncamere

15.30 Coffee Break
15.50 Reflections on using Public-private partnerships         

·         Blending Structural Funds and Public-Private Partnerships

·         Exercise – using the PSC – the Public Sector Comparator

Robin Smail

16.25 Evaluation feedback
16.30 Close of seminar

The detailed programme of this course will be available soon.

Course venue
Unioncamere (Sala Sabbatini)
Piazza Sallustio 21
00187 Rome, Italy

Programme Organiser
Ms Winny Curfs
Tel: + 31 43 3296320
w.curfs@eipa.eu

Fee
The fee includes documentation and refreshments. Lunches, a reception or dinner are included if mentioned in the programme. Accommodation and travel costs are at the expense of the participants or their administration.

Discounts
EIPA offers a 10% discount to all civil servants working for one of EIPA’s supporting countries, and civil servants working for an EU institution, body or agency.

Who are the supporting countries?
Civil servants coming from the following EIPA supporting countries are entitled to get the reduced fee: Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Lithuania, Luxembourg, Malta, the Netherlands, Norway, Poland, Portugal, Spain, Sweden, United Kingdom.

For all other participants, the regular fee applies.

Meals
Lunches, the reception or dinner will be served at a restaurant in town. Special dietary requirements (e.g. vegetarian, diabetic) can be indicated once you receive the confirmation of the seminar.

Confirmation
Confirmation of registration will be forwarded to participants on receipt of the completed online registration form.

Payment
Prior payment is a condition for participation.

Cancellation policy
For administrative reasons you will be charged €150 for cancellations received within 15 days before the activity begins. There is no charge for qualified substitute participants.

EIPA reserves the right to cancel the activity up to 2 weeks before the starting date. In that case, registration fees received will be fully reimbursed. EIPA accepts no responsibility for any costs incurred (travel, accommodation, etc.).