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Preliminary Observations on the Regional Dimension of the Investment Plan for Europe journal article

Maria K. Sioliou, Brian Field, Eugenia Kazamaki Ottersten, Olivier Debande

European Structural and Investment Funds Journal, Volume 3 (2015), Issue 3, Page 156 - 162

The aim of the Investment Plan for Europe is to catalyse additional strategic investment in Europe’s key economic sectors. The rationale is to support higher risk projects that generate important and significant positive externalities, leveraging private sector participation and funding. The Investment Plan for Europe addresses the key challenges of the investment environment within the European Union (EU), while targeting investment projects that support EU policy priorities. Against this backdrop, this paper examines two of the Investment Plan’s key components, notably the European Fund for Strategic Investment (EFSI) and the European Investment Advisory Hub (EIAH), in conjunction with the Regional Policy objectives and financing via the European Structural Investment Funds (ESI Funds). We analyse the conceptual complementarities between these funding instruments and associated policies, explore the financial and implementation synergies, and note the practical limitations. Last, we highlight the role of the key stakeholders.


Structural Programme Loans: Blending European Structural and Investment Funds with EIB Loans journal article

Eugenia Kazamaki Ottersten, Maria K. Sioliou

European Structural and Investment Funds Journal, Volume 2 (2014), Issue 2, Page 126 - 133

Taking as a starting point the support of the European Investment Bank (EIB) to the less developed EU regions in the last 50 years,, this paper highlights the use of Structural Programme Loans (SPLs): An EIB instrument that complements EU grants with EIB loans, creating leverage through blending with public/private funds and EU grants, and facilitates the implementation of the National Strategic Reference Programmes. Furthermore, the EIB’s dual identity, as a European institution and as a bank, enables the creation of institutional synergies in the implementation of SPLs and magnifies their impact on the implementation of cohesion policy. The lessons learnt during the 2007-2013 programming period, especially on institutional synergies, will be of utmost importance in the 2014-2020 programming period, in order to further develop the SPLs and spread their use for the mutual benefit of the Member States, the European Commission, and the EIB in the present relatively turbulent financial context.

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