Presentation workshop111208 ssg

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Kynning Sigurðar Gunnarssonar frá Nor-Tek teknologisenter á fjármögnum á vegum EU

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Presentation workshop111208 ssg

  1. 1. Financing Bankable Projects <ul><li>Co-financing from European Structural Funds (grants – non repayable) </li></ul><ul><li>Loans from European Investment Bank </li></ul><ul><li>Guarantees or other support from European Investment Fund (EIF) </li></ul><ul><li>Private investors </li></ul><ul><li>Financial engineering in the form of Public Private Partnerships </li></ul>
  2. 2. Financing Possibilites <ul><li>European Investment Bank </li></ul><ul><ul><li>European Investment Fund </li></ul></ul><ul><ul><ul><li>Jeremie </li></ul></ul></ul><ul><li>Nordic Investment Bank </li></ul><ul><li>Private Banks </li></ul><ul><li>Private Equity Funds </li></ul><ul><li>Private Investors </li></ul>
  3. 3. European Investment Bank www.eib.org
  4. 4. European Investment Bank <ul><li>Non-profit organization owned by the 27 EU members </li></ul><ul><li>The EIB operates like a development bank, raising its resources on the financial and capital markets, mainly through bond issues or other specialised capital market operations </li></ul>
  5. 5. European Investment Bank <ul><li>Mission </li></ul><ul><li>EIB’s Mission is to further the objectives of the EU by making long-term finance available for sound investment. </li></ul>
  6. 6. European Investment Bank <ul><li>Mission (continue) </li></ul><ul><li>EIB’s Mission is to further the objectives of the EU by making long-term finance available for sound investment. </li></ul><ul><li>EIB is at the service of the Union </li></ul><ul><li>EIB provides service and value-added </li></ul><ul><ul><li>Through appraisal and follow-up of investment projects and programmes </li></ul></ul><ul><ul><ul><li>Project must be economic, technical, environmental, and financial viable </li></ul></ul></ul><ul><ul><li>Through financing </li></ul></ul>
  7. 7. European Investment Bank <ul><li>Mission (continue) </li></ul><ul><li>EIB offers first-class terms and conditions </li></ul><ul><li>EIB works in partnership with others </li></ul><ul><ul><li>Its policies are established in close coordination with the Member States and the other EU Institutions. </li></ul></ul><ul><li>EIB attracts qualified and multi-lingual staff from all the Member States </li></ul>
  8. 8. European Investment Bank <ul><li>Supports EU objectives </li></ul><ul><li>Stimulating investment by SMEs </li></ul><ul><li>Cohesion and convergence </li></ul><ul><li>Global warming </li></ul><ul><li>Environmental protection and sustainable communities </li></ul><ul><li>Sustainable, competitive and secure energy </li></ul><ul><li>The knowledge economy </li></ul><ul><li>Trans-European networks </li></ul>
  9. 9. European Investment Bank <ul><li>EIB offers five main services </li></ul><ul><li>Loans </li></ul><ul><li>Technical Assistance </li></ul><ul><li>Guarantees </li></ul><ul><li>Venture Capital </li></ul><ul><li>Microfinance </li></ul>
  10. 10. European Investment Bank <ul><li>EIB offers five main services (1) </li></ul><ul><li>Loans to both public and private programmes and projects - Clients are SME, LE, municipalities </li></ul><ul><ul><li>Project >25 million EUR </li></ul></ul><ul><ul><li>EIB finances a maximum of 50% of the total cost </li></ul></ul>
  11. 11. European Investment Bank <ul><li>EIB offers five main services (1) </li></ul><ul><li>Loans to both public and private programmes and projects - Clients are SME, LE, municipalities </li></ul>
  12. 12. European Investment Bank <ul><li>EIB offers five main services (1) </li></ul><ul><li>Loans to both public and private programmes and projects - Clients are SME, LE, municipalities </li></ul><ul><li>Iceland </li></ul>
  13. 13. European Investment Bank <ul><li>EIB offers five main services (2) </li></ul><ul><li>Technical Assistance </li></ul><ul><ul><li>enhance project quality and success rate </li></ul></ul><ul><ul><li>increase the efficiency and success rate </li></ul></ul><ul><ul><li>complement other financial products </li></ul></ul>
  14. 14. European Investment Bank <ul><li>EIB offers five main services (3) </li></ul><ul><li>Guarantees </li></ul><ul><ul><li>Higher value-added </li></ul></ul><ul><ul><li>Lower capital charges - EIB guarantees provide a zero risk </li></ul></ul><ul><ul><li>Weighting to the guaranteed obligation </li></ul></ul><ul><li>Microfinance – Indirectly through professional and socially-committed microfinance intermediaries </li></ul>
  15. 15. European Investment Bank <ul><li>EIB offers five main services (4) </li></ul><ul><li>Venture Capital – Indirectly through intermediary </li></ul><ul><ul><li>Venture capital funds </li></ul></ul><ul><ul><li>Security packages for such funds </li></ul></ul><ul><ul><li>Conditional and subordinated loans </li></ul></ul><ul><li>Goes through the European Investment Fund </li></ul><ul><li>www.eif.org </li></ul>
  16. 16. European Investment Fund
  17. 17. European Investment Fund <ul><li>Intermediated loans </li></ul><ul><li>Lines of credit or indirect loans designed to permit the financing of projects with a total investment cost of less than EUR 25 million </li></ul><ul><li>An EIB credit line may finance up to 50% of the total cost of any project or, in certain case, the 100% of the loan granted by the intermediary bank. </li></ul><ul><li>Lending decisions under these schemes remain with the financial intermediaries. </li></ul><ul><li>Goes through the European Investment Fund </li></ul><ul><li>www.eif.org </li></ul>
  18. 18. European Investment Fund <ul><li>EIB Group's specialist provider of small and medium-sized enterprises (SME) risk finance across Europe </li></ul><ul><li>EIF is owned by the European Investment Bank </li></ul><ul><li>Indirect financing to SMEs through a wide range of financial institutions, banks and venture capital funds involved in SMEs funding </li></ul>
  19. 19. European Investment Fund <ul><li>Equity Products </li></ul><ul><li>Invest in venture capital and growth funds, mezzanine funds that support SMEs </li></ul><ul><li>Covers technology transfer and business incubators </li></ul><ul><li>Technology Transfer </li></ul><ul><li>Venture Capital, Lower, mid-market funds, Mezzanine funds </li></ul>
  20. 20. European Investment Fund <ul><li>Debt Products </li></ul><ul><li>Loan to financial intermediaries, such as banks, mutual guarantee funds, leasing companies and special purpose vehicles providing funding to beneficiary SMEs. </li></ul><ul><li>Portfolio Guarantees & Credit enhancement </li></ul><ul><li>Microfinance </li></ul>
  21. 21. European Investment Fund <ul><li>JEREMIE stands for Joint European Resources for Micro to Medium Enterprises. </li></ul><ul><li>It is a joint initiative of the European Commission with EIF and European Investment Bank (EIB) to promote SME access to finance and financial engineering products in regions. </li></ul>
  22. 22. European Investment Fund <ul><li>The JEREMIE Holding Fund can provide to selected financial intermediaries SME-focused financial instruments including </li></ul><ul><ul><li>Guarantees, co-guarantees and counter-guarantees, equity guarantees </li></ul></ul><ul><ul><li>(micro) loans </li></ul></ul><ul><ul><li>Export‑credit insurance </li></ul></ul><ul><ul><li>Securitisation </li></ul></ul><ul><ul><li>Venture capital, Business Angel Matching Funds and investments in Technology Transfer funds. </li></ul></ul>
  23. 23. European Investment Fund <ul><li>The JEREMIE initiative allows, national and regional authorities can opt to deploy money made available by the European Regional Development Fund (ERDF) in the form of market-driven financial instruments </li></ul>
  24. 24. Nordic Investment Bank www.nib.int
  25. 25. Nordic Investment Bank Mission The Nordic Investment Bank promotes sustainable growth of its member countries by providing long-term complementary financing, based on sound banking principles, to projects that strengthen competitiveness and enhance the environment.
  26. 26. Nordic Investment Bank <ul><li>NIB lends to </li></ul><ul><li>Large energy projects </li></ul><ul><li>Investments in infrastructure such as transport </li></ul><ul><li>Large investments by the corporate sector such as in the improvement of manufacturing processes and in research and development </li></ul><ul><li>Financing through intermediaries for the operations of small and medium-sized enterprises. </li></ul>
  27. 27. Nordic Investment Bank
  28. 28. Private Banks <ul><li>Domestic banks </li></ul><ul><li>Landsbankinn </li></ul><ul><li>Íslandsbanki </li></ul><ul><li>Arionbanki </li></ul><ul><li>Others </li></ul><ul><li>Can act as facilitors to gather private investors and perhaps act as an intermediary. </li></ul>
  29. 29. Private Banks <ul><li>Foreign banks </li></ul><ul><li>Focus on banks that specilize in resources, tourism, renewable energy, education, research, etc. </li></ul>
  30. 30. Private Equity Funds <ul><li>Usually specilized. </li></ul><ul><li>Thule Investment </li></ul><ul><li>Auður </li></ul>
  31. 31. Private Equity Funds <ul><li>The End </li></ul><ul><li>Contact Info r mation </li></ul><ul><li>Sigurdur Sævar Gunnarsson </li></ul><ul><li>+354 6966873 </li></ul><ul><li>+47 48176073 </li></ul><ul><li>Skype siggi.gunnarsson </li></ul><ul><li>[email_address] </li></ul>

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