Facilitating quality investment EIB Advisory Services

Transcription

1 Facilitating quality investment EIB Advisory Services Committee of the Regions 15th April 2015 Simon Barnes 16/04/2015 European Investment Bank Group 1

2 How advisory support can help Assist to build local capacity to prepare, develop and implement projects Aid the selection and prioritisation of economically sustainable investment Ensure the right ingredients for successful implementation and access to finance NB : good project design and preparation needed, irrespective of ultimate procurement or financing model 16/04/2015 European Investment Bank Group 2

3 Main strands of EIB help available EIB Advisory Services Support for projects and investments Enhance use of EU funds Improve access to finance Upstream policy support Capacity building activities Capacity building and awareness raising Bilateral services to MS/MAs Support to PPPs RDI advisory Project preparation and implementation European Investment Bank Group 3

4 Delivery channels Access point European Investment Advisory Hub (EIAH) the concept DEMAND Project promoters Public authorities Member States Private sector Web content + Web portal + Support team European Investment Advisory Hub (EIAH) EIB s existing advisory programmes and activities Additional advisory and technical assistance EIAH s partner institutions expertise Project support (JASPERS, project preparation and implementation support) Financial instruments (ficompass, bilateral services for MAs) Access to finance (InnovFin Advisory, EPEC ) New investment support also in areas relevant to the scope of EFSI (could be delivered by EIB advisory or operational teams) Identification of needs as they arise SUPPLY Network of institutions incl. EIB Group, EC, National Promotional Banks, etc. Integrated collaboration model European Investment Bank Group 4

5 Supporting ESIF financial instruments (FIs) MS and regions to boost the impact of ESIF investments through FIs Enhanced use of FIs: EU Investment Plan urges Member States and regions to at least double the investment of ESIF resources by way of financial instruments (FIs) Charting new terrain: The potential scope of FIs has significantly widened in the current MFF in terms of ESI funds, thematic objectives and implementation options But technical and administrative capacity is often limited: FIs represent a new approach to many public authorities, requiring new skills, expertise and partnerships fi-compass platform to provide sound starting point for MS & regions fi-compass to provide practical know-how and learning opportunities on FIs: The EC and the EIB agreed to jointly extend their support initiatives of (JESSICA, JEREMIE, JASMINE), and to develop fi-compass as a one-stop-shop providing orientation & upstream advice on FIs to the benefit of all Member States. European Investment Bank Group 5

6 What is offered to you under fi-compass? 1 Step-by-step process guidance and manuals throughout the entire FI life cycle consistent with regulatory provisions, evidence-based practice and the realities of ESIF Managing Authorities. This includes ESI Fund-specific guidance. fi-compass offers: Information brochures, Handbooks, Case studies and examples of good practice, audio-visual materials 2 Learning opportunities to further the necessary understanding & skills in the market fi-compass offers: Face to Face Training (for EC staff and in MS), E-learning opportunities 3 4 Awareness raising and networking Access to a single knowledge hub for Managing Authorities, the general public, potential bodies implementing FIs, private and public investors interested in coinvestment opportunities, entrepreneurs or enterprises, or for other potential final recipients. fi-compass offers: Public events (EU conferences, thematic seminars/workshops, networking events), but also promotional campaigns (social media), etc. to ensure (timely and targeted) availability of information and methodological advice. fi-compass offers: Knowledge Management Hub (web portal), Newsletters, FAQ, specific publications, etc. European Investment Bank Group 6

7 Sub-national PPPs Sub-national entities procure approximately 2/3 of all PPP projects: Specific challenges for sub-national governments to implement PPPs: Developing and maintaining in-house PPP expertise Limiting transaction costs for small projects Accessing finance for small projects Securing funding from central/regional government Addressing challenges implies combining capacities at local level through : Training and staff exchanges Development of standard documents where feasible (e.g. PPP contract) & analytical tools Benchmarking through sharing of cost/kpi data 16/04/2015 European Investment Bank Group 7

8 How can EPEC help? The Investment Plan for Europe seeks to combine public and private resources to stimulate investment -> PPPs will have a significant role In close coordination with its Members, EPEC can support development of sub-national capacities by: Raising awareness and improving public sector knowledge regarding the specificities of PPP arrangements Facilitating experience-sharing and dissemination of best practice For flagship PPP projects, EPEC can provide upstream project preparation assistance, such as: Assessing the suitability of a PPP solution for a given project Helping to identify appropriate funding solutions (e.g. EU grants, EU financial instruments, project financing) Contributing to the PPP project preparation and design process 16/04/2015 European Investment Bank Group 8

9 Thank you for your attention 16/04/2015 European Investment Bank Group 9