The investment Plan for Europe (EFSI) 5 th October 2015, Prague - PowerPoint PPT Presentation

The investment Plan for Europe (EFSI) 5 th October 2015, Prague

Investment Plan for Europe: context The Investment Plan for Europe consists of three strands: 1. Improved investment environment : regulatory and structural reforms at EU and national levels for predictability, removing obstacles, aiming at a friendlier investment environment 2. Making finance reach the real economy: stepped-up technical assistance / advisory by establishing European Investment Advisory Hub (EIAH) in EIB and by EC facilitating a project directory 3. Mobilising finance for investment: The EFSI, via EIB, to better address the current shortage of (higher) risk-financing in EU Aim: to mobilise at least € 315 billion in investment across the EU 05/10/2015 European Investment Bank Group 2

Every piece of the puzzle counts 05/10/2015 European Investment Bank Group 3

Mobilising new investment EIB EFSI Group 05/10/2015 European Investment Bank Group 4

EFSI Structure 05/10/2015 European Investment Bank Group 5

EFSI structure – EIB and EIF  EFSI is NOT a fund or a separate European Fund for Strategic Investments (EFSI) legal entity!  It is a contractual arrangement between EC & EIB Group.  EFSI consists of: − EUR 16bn EC guarantee in 16bn 5bn favour of EIB 21bn − EUR 5bn capital contribution by contribution contribution EIB − Target of generating EUR 315bn investment in 3 yrs. Infrastructure and SME innovation window window (through EIB) (through EIF)  All operations are EIB Group 16bn 5bn operations. 11bn 5bn 2.5bn 2.5bn Increased EIB Debt Equity-type COSME and portfolio portfolio INNOVFIN RCR mandate 05/10/2015 European Investment Bank Group 6

EFSI Products TYPICAL FINAL SOURCES PRODUCTS OF FUNDING RECIPIENTS OFFERED AND TYPICAL The Fund Other PROJECTS serves as investors Long-term senior credit join in on debt for higher risk projects protection a project Long-term Transport for new EIB basis investment infra funds activities Broadband Energy infra European Fund infra for Strategic Subordinated loans Investments Energy Innovation Resource efficiency Renewable Research energy Equity and quasi-equity SMEs Education 05/10/2015 European Investment Bank Group 7

Eligible sectors  Wide eligibility criteria - Operations consistent with Union policies that support any of the following general objectives: • development of infrastructure including in transport, telecommunications, digital and energy infrastructure; infrastructure projects in the environment, natural resources, urban development and social fields • research and development and innovation • investment in education and training, health, information and communications technology • develop and modernise the energy sector, renewable energy, security of energy supply and energy and resource efficiency; • financial support for mid-cap companies and SMEs. EIB in charge of verifying that eligibility criteria are properly applied 05/10/2015 European Investment Bank Group 8

Eligible operations  Commercially sound  Economically and technically viable  Added value (additionality)  Investments boosting employment and growth  Bank intermediation is possible  Pricing commensurate with the risk – no subsidy element - Typically higher risk profile than normal EIB’s normal operations - Risk-absorbing products to foster the implementation of additional projects and to support the development of SMEs and MidCaps 05/10/2015 European Investment Bank Group 9

How will the EFSI operate? 05/10/2015 European Investment Bank Group 10

EIB project cycle We support sound and sustainable projects 05/10/2015 European Investment Bank Group 11

European Investment Advisory Hub 05/10/2015 12

The Advisory Hub in the Investment Plan Investment Plan for Europe Support investment in the Create an investment Mobilize EUR 315bn of real economy friendly environment additional financing …through the European …through improvements of …through the European Investment Advisory Hub the European regulatory Fund for Strategic and the European environment Investments (EFSI) Investment Project Portal European Investment Advisory Hub 05/10/2015 13

What is the Advisory Hub? A joint initiative by the European Commission and the European Investment Bank A tool to strengthen Europe's investment and business environment A single access point to a 360 degree offer of advisory and technical assistance services A cooperation platform to leverage, exchange and disseminate expertise An instrument to assess and address new needs for advisory support European Investment Advisory Hub 05/10/2015 14

What is the Advisory Hub? DEMAND Project promoters Public authorities Member States Private sector Access point Web content + Web portal + Support team European Investment Advisory Hub (EIAH) Existing advisory Additional advisory and EIAH’s partner programmes and activities technical assistance institutions’ expertise Delivery channels    Project support throughout the New investment support also Network of institutions incl. project cycle in areas relevant to the scope EIB Group, EC, National of EFSI (could be delivered by Promotional Banks, etc.  Support to Financial EIB advisory or operational  instruments European Commission teams)   Enhance access to finance Integrated collaboration model  Identification of needs as they arise SUPPLY European Investment Advisory Hub 05/10/2015 15

What type of support is available? TYPE OF SUPPORT DESCRIPTION PROGRAMMES Support for projects and Advisory and technical support in JASPERS, ELENA, EPEC, identification, prioritisation, preparation, Implementation support investments structuring and implementation of programmes investment projects Enhance use of EU funds Advisory and capacity building support in fi-compass, bilateral services the implementation of ESIF financial to Managing Authorities instruments Access to finance Enhancement of the overall conditions for Innovation Finance Advisory financing for public and private beneficiaries Advisory and technical support from the Access to the expertise of Hub’s local network the Hub’s local partners Continuous development of the Hub’s Access to new advisory advisory offer to address unmet needs services A 360 degrees advisory offer European Investment Advisory Hub 05/10/2015 16

Who can contact the Advisory Hub for support? Managing Private companies Authorities Public companies Municipalities Advisory National Hub Promotional Banks Public authorities & Institutions Financial Member States Intermediaries European Investment Advisory Hub 05/10/2015 17

FAQs about the Advisory Hub What is the geo scope of the Hub? The European Union Is the Hub linked to EFSI projects No, support will not be limited to projects to be only? financed by EFSI (and/or the EIB) Does the Hub provide financing? No Who concretely delivers the advisory Experts of the Hub, its partner institutions and/or support provided via the Hub? appointed external consultants In most cases, yes. A contribution may be requested Is the support provided via the Hub from certain private beneficiaries in order to align free of charge? interests and ensure ownership of results Currently the Hub operates mainly via the EIB Does the Hub have local offices? headquarter in Luxembourg and its local offices. A network of local partner Institutions is being established European Investment Advisory Hub 05/10/2015 18

Would you like to know more? Consult the Hub’s www.eib.org/eiah advisory offer Request support from www.eib.org/eiah/contact the Hub Contact the Hub for eiah@eib.org more info European Investment Advisory Hub 05/10/2015 19

Thank you! More information at: www.eib.org info@eib.org 05/10/2015 European Investment Bank Group 20