Georgios Floros - European Commission AECM Annuale Meeting 2014 - Istanbul

1. AECM Annual Seminar
Istanbul, 16th October 2014
Georgios Floros, DG ECFIN,
Luxembourg

2. EU Programme for Employment &
Social Innovation (EaSI)
Guarantee Facility
Budget EUR 56 million for micro-finance
EUR 40 million for social entrepreneurship
over 2014-2020
Eligibility of final
recipients
- vulnerable persons and micro-enterprises, especially those
which employ vulnerable persons
- social enterprises with a balance sheet/turn-over
of ≤ EUR 30 million
Amount ≤ EUR 25,000 in micro-credits
≤ EUR 500,000 in loans to social enterprises
Guarantee
Parameters
Guarantee Rate: up to 80%
Guarantee Cap Rate: up to 30%
Implementation EIF

3. Student Loan
Guarantee Facility
Budget EUR 517,1 million over 2014-2020 (indicative)
Eligibility Students who want to pursue a master's degree at a
recognised HE institution in a programme country
(EU-28, candidate countries, Liechtenstein, Norway)
other than their country of residence or the country in which
they obtained their bachelor's degree
Amount ≤EUR 12.000 or ≤EUR 18.000
(or equivalent amount in local currency) for a master’s degree
of up to one year or more than one year, respectively
Guarantee
Parameters
Guarantee Rate: up to 90%
Guarantee Cap Rate: up to 18%
Implementation EIF

4. Cultural and Creative Sectors
(CCS) Guarantee Facility
Budget EUR 121 million over 2014-2020 (indicative)
Eligibility SMEs based in the EU and active in cultural or creative sectors
which fulfil one of the sub-criteria of successful activity in the
CCS sector over the last 24 months
Amount ≤ EUR 2,0 million loan per SME
Guarantee
Parameters
Guarantee Rate: 70%
Guarantee Cap Rate: 25%
Implementation EIF

5. "Off-the-shelf" instruments funded
through the European Structural
and Investment Funds (ESIF),of which
– Capped Portfolio Guarantee
Budget As per decision of the managing authorities (grants can be up to
5% of such budget)
Eligibility SMEs, newly originated loans (no refinancing of existing loans),
with a 12-120 months maturity,
investment in assets, including working capital
Guarantee
Parameters
Guarantee rate: up to 80%
Guarantee cap: up to 25%
Implementation Can be the managing authority or another appointed entity
More information : Commission Implementing Regulation (EU)
N° 964/2014 of 11.09.2014