APPLICATION OF ESIF FINANCIAL INSTRUMENTS

Abstract

The study presents a baseline study of the application of ESIF financial instruments in five sectors, showing that there is a potential for additional financial instruments in the five sectors reviewed. Further efforts are needed to raise the level of interest of governing bodies in using financial instruments as delivery mechanisms in specific sectors. In part, this can be achieved through greater knowledge sharing and promotion of existing examples. The programming process also represents a significant opportunity to ensure the development of operational programs that offer sufficient flexibility to adapt financial instruments, as well as the possibility of multi-sectoral approaches to financial instruments. The new opportunities offered by the Common Provisions Regulation (CPR) for the programming period 2021 2027, as a combination with grants, should also be encouraged as much as possible in view of the specific positive effect expected in these sectors. The combination of financial instruments and grants has the potential to transform the use of financial instruments in the 2021-2027 programming period.