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This research paper provides an informative overview of the state of play of the financial implementation of European Structural and Investment Funds (ESIF), with an assessment of the reasons for the state of implementation and the implications. The report is based on desk-review research. It considers financial implementation in the 2007-2013 funding period, before focusing…
This seminar is part of a five-part seminar series in the context of an EC-OECD project “Designing better economic development policies for regions and cities”. Other sessions in the series addressed the use of: contracts for flexibility/adaptability, performance indicators, financial instruments, and insights from behavioural science. The outcome of the seminars supports the work of…
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The United Kingdom has been one of the key proponents of financial instruments (FIs) – loans, guarantees and equity – and spends a larger share of its Structural Funds allocations in the form of FIs than most Member States. FIs have played an increasingly prominent role in EU policies, including Cohesion policy, and the UK…
This paper assesses whether and how the new instruments for integrated territorial developmentintroduced in the 2014-20 programme period are contributing to new results. Did the obligation to invest five percent of ERDF funding into sustainable urban development (SUD) and the introduction ofthe new implementation mechanisms Integrated Territorial Investment (ITI) and Community-led LocalDevelopment (CLLD) lead to…
The implementation of ESIF programmes has accelerated, although some thematic areas lag behind, as do payments. The average percentage of the total allocated to selected projects/operations under ESIF programmes is 54 percent (EU and IQ-Net average). EU average expenditure eligible for reimbursement stands at 12 percent (IQ-Net average 14 percent). Changing market conditions, institutional reform,…
This article provides an overview of the scope for ESIF support to culture-related investment, as provided for under the Cohesion policy regulatory framework, and its evolution over the 2007-13 and 2014-20 periods. It also reflects on the alignment (or lack thereof) of the scope for support to culture-related investment under ESIF provisions with the recent…
Regional development is one of the main EU spending priorities through its Cohesion Policy. Brexit is among several influences on the future of the policy, whose evolution is part of a wider reshaping of the principles and practice of regional policy in Europe. In the context of emerging policy challenges and recent contributions to the…
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