Advanced Summer Course on Financial Instruments

27-29 June 2016 | Zandvoort (NL) 

3-day practical guidance on the CPR 1303/2013, ex-ante assessment, State aid and procurement requirements as well as best practices in management, monitoring and control of the financial instruments in 2014-2020.

General Information

The policy framework for European Structural and Investment Funds emphasises the need for a significant use of financial instruments in the programming period 2014-2020 with multiplied amounts of ESIF support delivered to SMEs and other final recipients. Loans, guarantees, equity and quasi equity can be used. They can be implemented within all structural funds and aim to leverage the available monies. For the ERDF, CF, EAFRD and EMFF, financial instruments must generate income or revenue, or savings on future expenditure. Used within the ESF, the final recipient shall be capable of reimbursing the loan. As investments must be repaid, the use of financial instruments shall improve the quality of supported projects. Many managing authorities are currently assessing the potential use of this delivery mode.

The Commission also supports the use of financial instrument by providing off-the-shelf instruments and enabling the managing authorities to get involved in the centrally-managed financial instruments such as Horizon 2020, COSME, InnvoFin and the SME Initiative. Additionally, synergies are possible with resources under the Juncker Plan or European Fund for Strategic Investments. The encouraged cooperation between the public and the private sector shall broaden the spectrum of policy delivery and expertise. 

Meanwhile, Member States have included the envisaged use of such instruments in their operational programmes and Lexxion’s three-day Summer Course offers the perfect opportunity to meet and exchange good practices, challenges and lessons learnt from the past programming period. The course will support administrations and other stakeholders in the successful design and set-up of financial instruments.


  • Regulatory framework and set-up requirements
  • Ex ante assessment and adjustment to the market needs
  • Financial instrument management
  • Role of National Promotional Banks (NPBs)
  • Public procurement law
  • Selection of financial intermediaries and fund of funds
  • Compliance with State aid rules and using de minimis aid
  • Good practices and lessons learnt from 2007-2013
  • Investor’s perspective: Co-investing and design of a strong project portfolio
  • Workshop: Structuring a loan financial instrument, a guarantee fund and setting up an equity fund


The three-day summer course offers the possibility to meet and exchange with experts from other Member States as well as from EU institutions and private sector. The different perspectives of our experienced trainers will support to apply the complex rules to real cases. A mix of learning methods will be applied in the course to achieve the best results.

The Lexxion Training Method combines the three stages of learning to ensure that the participants obtain the best possible understanding of EU rules:

1) Identification of the main points or principles;
2) Appreciation of the complexities and limitation of the principles, and
3) Application of the principles.

The participants will be actively involved in the course. The sessions will combine presentations, case studies and discussion on practical problems. You will have ample opportunities to present your own problematic issues and discuss them with the speakers and participants from other Member States.
Just send to us your cases and questions in advance! We will forward them to our speakers, who will include your issues in the programme and answer them during the course. All information concerning such problems and cases will be treated confidentially.

Why You Should Participate

  • Increase your knowledge of the implementation and management of financial instruments, especially in relation to the selection of financial intermediaries.
  • Have a clear understanding when EU regulations apply and when national laws have to be applied.
  • Be aware of the complex compliance requirements such as state aid and public procurement rules.
  • Improve funding agreements.
  • Be able to improve tendering procedures and calls for the expression of interest.
  • Be able to assign financial intermediaries to become a holding fund.
  • Get to know the business perspective on how to create a strong investment portfolio.
  • Benefit from another Member State’s implementation experience & learn good practices.
  • Have a platform to exchange ideas and challenges within their organisation and receive practical advice on current cases.
  • Meet the experts from EU institutions and national authorities.
  • Profit from excellent networking opportunities when meeting EU Funds experts from all over Europe: The location at the beach invites for informal networking.

"This course is a great way for public administrators to develop expertise. Having leading experts cover all the relevant information in a friendly and relaxed environment is the best way to learn."

Alexander Rose, Department of Communities and Local Government, United Kingdom, participant in "Essentials of Financial Instruments" in 2015   

Focus Group

  • Legal experts and risk managers from managing authorities in charge of financial instruments
  • Experts from intermediate bodies responsible for set up and implementation
  • Fund of Funds and Holding fund managers
  • Staff from financial institutions or development agencies involved in FIs implementation
  • Employees of national promotional banks (NPBs) co-financing projects and investment platforms
  • Experts liaising with the European Investment Bank (EIB) Group
  • Officials from the EIB Group
  • ESIF Compliance officers
  • Financial controllers and auditors
  • Legal counsels and consultants advising managing authorities or financial intermediaries



FIs in 2014:20: Regulatory Framework and Set Up Requirements

Management, Monitoring and Control of FI – Best Practice from 2007-13

State aid rules and risk finance


Morning sessions:

§  Introduction

§  FIs in the ESIF Regulation 2014-20

§  Overview of the Off-the-shelf FIs


§  Shared management and control: Legal aspects, responsibilities’ division and practical experiences

§  Monitoring and Control from the view of a Managing Authority

§  Financial Instruments and Compatibility with State Aid Law

§  Guidelines on risk finance investments


Afternoon session

§  Centrally Managed FIs: Overview and How to Get Involved

§  Ex-ante Assessment: Methodology and Practical Experiences


§  Audit of FI by European Court of Auditors

§  Preparation for the Closure of FEI 2007-13€

§  How Experience of FIs in 2007-13 Programme Has Shaped the 2014-20 ESIF Regulations


§  Case studies on State aid within JEREMIE and JESSICA projects


Best practice

§  FIs and Access to Finance for SMEs


§  Urban projects financed under JESSICA Initiative


§  FI in the Innovative Sector and Risk Assessement



Publication frequency: quarterly
Subscription: € 442,-
ISSN 16 19-52 72

Further information
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