Complementarity of EFSI and ESI funds in Catalonia
Complementarity of EFSI and ESI in
General Director for Economic Promotion, Competition and Regulation
Ministry of the Vice-presidency and of the Economy and Finance
Barcelona, 15 September 2016
European Fund for Strategic Investments (EFSI) and European
Structural and Investment Funds (ESI) priorities are to promote smart,
sustainable and inclusive growth in Europe.
EFSI provides financing to economically viable projects:
Direct financing of big projects
Financing of Investment Platforms
Financing of projects through financial intermediaries and through
operations with National Promotional Banks
ESI are implemented in a decentralised way. They provide financing
for projects via grants and financial instruments.
Complementarity between EFSI and ESI
Strategic combination of ESI Funds and the EFSI can mobilise
additional investments in Europe by complementing each other:
Complementarity at project level
Complementarity at financial instrument or investment platform
Complementarity between ESFI and ESI
Potential complementarities between EFSI and ERDF in
Financial needs addressed by EFSI
Possible complementarities with
Catalonia’s ERDF OP
Direct financing of big
projects (above 25
Only a few big projects have been
identified and are in progress.
Many of the projects identified do not
fulfil the EFSI conditions.
There are difficulties to find private
investors for big projects of public
ERDF OP does not include big
investment projects (exceptions!)
Financing of investment
Future launching of an Investment
Platform for energy efficiency projects
In the future there could be other
thematic investment platforms
Investment platforms are not included
in the ERDF OP. But they could be
included in the future.
and through operations
The ICF and other financial institutions
are providing financing to SME with EIB
The ERDF OP promotes financial
instruments to SME. Currently there are
no complementarities between EFSI and
ERDF at the instrument level. There
could be in the future.
Examples of further potential complementarities between
(cofinanced by the ERDF OP)
Potential complementarities of RIS3CAT
instruments with EFSI
RIS3CAT communities are groups of
companies and R&I stakeholders that
promote R&I plans for the economic
transformation of production activities.
ERDF OP subsidises RIS3CAT communities’
collaborative high risk R&I projects to increase the
competitiveness of the Catalan economic sectors.
EFSI could finance the investment that is not eligible
R&D cooperation projects (nuclis
tecnològics) of companies in collaboration
with research and technological centres.
ERDF OP subsidises high risk R&I projects of
companies. EFSI could finance the investment that is
not eligible for ERDF.
Innovation Public Procurement program
focused on social and sanitary needs and
on circular economy.
The ERDF OP is cofinancing the public procurement
of innovation. EFSI could provide financing to
companies applying to the public biddings, to develop
new solutions to the public sector challenges.