Combining EU Cohesion Policy Grants and Loans with EFSI and InvestEU Instruments

Project number: 2030208

- Online Course -

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Date & pricing

07/10/2020 - 09/10/2020
Register before: 28/09/2020

€ 700,00 per attendee

€ 630,00 for EIPA members*

Combining EU Cohesion Policy Grants and Loans with EFSI and InvestEU Instruments

From:  630,00

This 3-morning online course 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 can currently be used alongside the EFSI instrument, the European Fund for Strategic Investment, or InvestEU in the next programming period.

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About this online course

This 3-morning online course 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 can currently be used alongside the EFSI instrument, the European Fund for Strategic Investment, or InvestEU in the next programming period.

EFSI (part of the “Juncker Plan”), working with regular EIB loans, exists to lever private funding into projects with a higher degree of risk. An EIB official will describe how EFSI works and how the funding 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.

With the help of two highly experienced EC officials, we will examine:

  • the increasing role that Financial Instruments are playing within EU Cohesion Policy
  • how ESI Funds are being used in the implementation of major projects
  • how Member States should approach the new InvestEU instrument and how to complete Annex V of the new draft CPR

All projects – whether grant-funded or 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 major projects now, and for substantial projects in 2021-2027.

We will use as many workshops, exercises and break-out groups as is feasible in the time we have, in order to help fix ideas and technical procedures. We will encourage the exchange of experiences from different Member States and draw together experiences from a range of sectors and of the European institutions.

Who will benefit most?

The online course will be of particular interest to those considering or planning to use EU grant and loan funding in conjunction with guarantees through EFSI or InvestEU. 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
  • academics, officials in European organisations.

What you will learn in this online course

Participants will leave with a clear picture of:

  • when and where EFSI might be used and how to access EFSI funding
  • how to plan it alongside ESI Funds, including Financial Instruments
  • how to plan for using the InvestEU instrument in 2021-2027
  • project appraisal steps for substantial projects in 2014-2020 and 2021-2027.

Participants will have the opportunity to ask questions in frequent Q&A sessions.

Robin Smail

Robin Smail

Robin Smail Training & Consultancy
EU Structural Funds

Witold Willak

Witold Willak

Unit F1, DG Regional and Urban Policy, European Commission
EU Structural Funds

Practical information

Online Course
For this online course we make use of Zoom

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

Discounts
EIPA offers a 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.

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 € 50 for cancellations received within 7 days before the activity begins. There is no charge for qualified substitute participants.

 EIPA reserves the right to cancel the activity up to 1 week before the starting date. In that case, registration fees received will be fully reimbursed. 

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The programme

08.30 Registration of participants onto ZOOM platform
09.00 Welcome of participants, opening of the online course, online course method
Marco Lopriore, Expert, EIPA Maastricht
09.10 The new Cohesion Policy 2021-2027: policy context and highlights

  • The new legal framework of CPR
  • Link to the European Semester, National Reform Programmes and economic governance
  • Country-specific Recommendations and Country Reports 2019 and 2020 (Annex D)
  • The European Recovery Plan and the emergency Amending Regulations, 2014-2020
  • OP template and InvestEU

Marco Lopriore

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

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

10.05 Break-out room exercise: project appraisal
10.20 Options for delivering infrastructure and SME support operations (contd).

  • project appraisal principles: rationale, demand, feasibility, options
  • financial and economic analyses: affordability, sustainability and viability
  • Q&A

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

10.45 Virtual Coffee break, including Tour de table
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
  • the mechanics of the EFSI guarantee
  • structuring financial packages and coordinating EFSI and other instruments

Lucas Lenchant, European Investment Bank, Brussels

11.55 Break-out rooms: combining grant funding with other forms of financial support
12.10 EFSI support: how does it work?

  • EFSI rules, EFSI applications
  • EFSI project examples
  • Moving towards InvestEU
  • CASE STUDY and discussion

Lucas Lenchant

12.50 Break-out rooms: demand factors by sector
13.10 End of day 1
08.45 Platform opens
09.00 Review of Day 1 issues
09.10 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

10.00 WORKSHOP: building a spreadsheet for the financial analysis

  • transport case study
  • investment costs, fixed and variable operating costs, revenues
  • calculating FNPV, FRR

Robin Smail

10.30 Virtual Coffee break
11.00 New eligibility rules for ESI Funds, 2014-2020 and 2021-2027

  • ERDF, Cohesion Fund
  • Sources of funding, durability, relocation

Marco Lopriore

11.30 Break-out rooms: eligibility of expenditure challenges
11.45 Revenue-generating projects – the rules and the grant calculation

  • Eligible and non-eligible costs
  • Revenues, tariffs, polluter-pays principle
  • New options for the grant calculation for revenue-generating projects

Robin Smail

12.00 Exercise: the grant calculation
12.15 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

Robin Smail

12.45 Break-out rooms: project risks
13.00 End of day 2
08.45 Platform opens
09.00 Review of Day 2 issues
09.05 Should your project be co-funded? Part II: economic viability test; risk and sensitivity analyses

  • Risk and sensitivity analyses
  • Environmental appraisal; compliance; counting jobs

Robin Smail

09.20 Case study: risk and sensitivity analysis
09.30 The appraisal of major investment projects in Cohesion Policy (part 1)

  • The experience of Major projects sectors in 2014-2020
  • Key issues for good project applications
  • Coordinating ESIF co-funded Major Projects with other funding sources

Witold Willak, Deputy Head of Unit, Unit F1 – Competence Centre Closure and Major Projects, DG Regional and Urban Policy, European Commission, Brussels

10.20 Issues for major projects, Q&A
10.30 Virtual Coffee break and meeting the EC speakers
11.00 Complementarities of ESIF and EFSI funding

  • changes to financial instruments supporting ESIF, 2014-2020
  • flexible instruments for business support
  • coordinating EFSI and ESIF funding
  • ongoing and planned projects
  • Q&A

Krzysztof Kasprzyk or Tsvyatko Velikov (tbc), Unit B.3, DG Regional and Urban Policy, European Commission, Brussels

11.45 Moving towards 2021-2027: InvestEU

  • the emerging InvestEU
  • combining elements of different instruments

Krzysztof Kasprzyk or Tsvyatko Velikov

12.15 The appraisal of major investment projects in Cohesion Policy (part 2)

  • The Economic Appraisal Vademecum for 2021-2027
  • OSI – Operations of Strategic Importance
  • InvestEU perspectives

Witold Willak, Deputy Head of Unit, Unit F1 – Competence Centre Closure and Major Projects, DG Regional and Urban Policy, European Commission, Brussels

12.45 Q&A with EC speakers
13.10 Evaluation feedback and Close of online course