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Financial Instruments in ESI Funds Programmes: a Look to the Future with a View to the Past

Fiona Wishlade, Rona Michie

Financial instruments represent a small share of spend under ESI Funds programmes but they have received increasing attention in recent years. In this context, this article looks at how ESI Funds financial instruments have been used in 2007-2013, and highlights some of the lessons learned from this period. It then discusses the key changes which have been made to the policy framework for 2014-2020, and provides an overview of the emerging state of play for financial instruments in the 2014-2020 ESI Funds programmes. The article then concludes with a brief look at emerging issues.

Fiona Wishlade is Director of and Rona Michie is a Senior Research Fellow at the European Policies Research Centre, University of Strathclyde in Glasgow, United Kingdom. Email: <mailto:fiona.wishlade@strath.ac.uk> and <mailto:rona.michie@strath.ac.uk>. The opinions expressed herein are those of the authors and do not necessarily reflect upon the institution for which they work.


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