The document discusses fi-compass, an advisory initiative of the European Commission that provides guidance and support for financial instruments throughout their lifecycle to help manage authorities effectively implement the European Structural and Investment Funds. It also describes how the European Investment Bank provides bilateral advisory support to public authorities to set up bespoke financial instruments and investment platforms and help select financial intermediaries. Examples are provided of successful financial instruments in Lithuania and Bulgaria that were established with EIB support.

1. EIB advisory support for financial instruments
1
Frank Lee
Advisory Services, European Investment Bank
July 2017

2. 8
www.fi-compass.eu
fi-compass knowledge hub - single entry point

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

7. Contact us
www.fi-compass.eu
www.eib.org/eiah