Use of financial instruments in Cohesion Policy reaches record high
Halfway through the 2014-2020 EU budget period, the amount of European Structural and Investment Funds channelled through financial instruments already exceeds the amount invested via such instruments in the 2007-2013 period.
New data published today shows that by the end of 2017, the amount of EU funds invested via financial instruments reached nearly €18.8 billion, an increase of over €5 billion compared to the previous year.
Commissioner for Regional Policy Corina Creţu said: “In line with the objectives of the Juncker Plan, at the beginning of the mandate we committed to make smarter use of EU resources and EU funds investments via financial instruments. These instruments, such as guarantees and equities, have proven to maximise the impact of each euro we invest on the ground. I am very glad to see that we delivered on this commitment halfway through the current EU budget period; this is very promising for the success of the post 2020 Cohesion Policy."
The largest share of funding (56%) has been assigned to support for small and medium companies, followed by investments in the shift towards a low-carbon economy, mainly in energy efficiency (16%) and in research, development and innovation (16%).
- Financial Instruments in Cohesion Policy
- Financial instruments webpage of the Cohesion Open Data Platform.