3. What is fi-compass?
3
Targeted awareness raising
and networking
1
Step-by-step process
guidance
4
Access to a single
knowledge hub
for Managing Authorities, the general public,
potential bodies implementing FIs, private and
public investors interested in co-investment
opportunities, entrepreneurs or enterprises, or for
other potential final recipients.
throughout the entire FI life cycle consistent with
regulatory provisions, evidence-based practice and
the realities of ESIF Managing Authorities.
to ensure (timely and targeted) availability of
information and advice.
2 Learning opportunities to further the necessary understanding and
skills in the market.
3
4. European Investment Bank Group 4
Bilateral Advisory
Supports public authorities and other stakeholders
• throughout the entire financial instruments’ life cycle
• in setting up and implementing bespoke financial
instruments/investment platforms
Carries out ex-ante assessments
Develops a suitable investment strategy and governance
structure and provides the necessary support to get funds
successfully up and running
Provides support to public bodies in relation to financial
intermediary selection and due diligence and in the
consideration of State aid issues
5. Successful FI started in 2007-2013 period and continued
in 2014-2020
To date, more than EUR 400m loan agreements signed
to support energy-efficiency works in around 1,700
apartment blocks, and 16 student dormitories.
In addition, 2014-2020 period foresees mobilisation of a
further EUR 100m of ESIF to deliver EUR 500m of
investment on the ground.
With a further EUR 100m of EFSI, another EUR 500m of
investment could be mobilised, to address the total
investment gap foreseen in the ex ante assessment of
over EUR 1bn.
Expected impact of EUR 1bn of investment:
4000 buildings renovated (up to ~80,000 apartments)
~200,000 p.a. reduction in CO2 emissions
Approx 35,000 jobs created
Apartment renovations in Lithuania
European Investment Bank
6. European Investment Bank
• Undertook review of ex ante assessments and produced investment
strategies for the SME and urban development sectors
• Worked in close collaboration with EBRD and the World Bank
• Next phase is to assist with the financial intermediary procurement
and potential to blend with EIB financing (under EFSI) to create an
urban investment platform
Assisting the Bulgarian Fund of Fund
deploy financial instruments
Our hub as a one-stop-shop for know-how on financial instruments with different resources:
We launched our website only in April 2015
We have carried a needs assessment among FI stakeholders (some of participants might have filled our our survey or participated in our interviews), the results of this assessment will be taken into consideration when developing the next fi-compass work programme, hence the website will be evolving to accommodate the demand of the stakeholders even better (The content of the website is constantly growing and new features introduced )
Currently the website includes publications, information on future and past events as well as audio-visual material.