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This study assesses the implementation of financial instruments (FIs) in Cohesion policy during the 2007-13 programming period. It takes stock of existing knowledge on the operation of FIs as reflected in the academic literature and policy documents. A comparative analysis of eight case studies, focusing on the different stages in the lifecycle of FIs, provides…
For many Member States financial instruments were a new approach to delivering Cohesion policy. Their increased use in 2007-13 created significant challenges especially for MAs with limited experience. The regulatory framework provided flexibility to accommodate domestic arrangements, but demanded considerable administrative capacity. FIs can be more sustainable than grants, generate better quality projects, and may…
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This study provides a comprehensive and systematic analysis of the existing scope for synergies between ESIF and other EU instruments contributing to Europe 2020 goals. It identifies different arenas for the pursuit of synergies (regulatory settings, governance arrangements, strategic frameworks and implementation approaches), noting achievement thus far, and, looking towards 2020, assessing the potential for…
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Cohesion policy-making is a complex process involving budgetary and regulatory dimensions and the interplay between different institutions at European Union (EU), national and subnational levels as well as formal and informal alliances and networks of countries, regions and interest groups. This chapter examines the chronology of the 2013 reform of Cohesion policy for the 2014_2020…
One of the recurring criticisms that have been levied to EU Cohesion policy has been its inability to prove its effectiveness and value for money. These criticisms, and the parallel growing pressures to reduce the resources assigned to the policy in recent rounds of budget negotiations, have led to the introduction of changes in the…
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EU Cohesion policy, along with support for agriculture and rural development, is one of the main items of EU spending. As such, the performance of the policy has come under increasing scrutiny. Perhaps surprisingly, however, past attempts to assess the effectiveness of the EU’s have proved to be highly ambivalent.
During the period Spring to Autumn 2016, programme implementation has progressed although this has taken place against a background of uncertainty. The ongoing recovery from the recession, the pressures of migration and the consequences of the UK major challenge is to ensure good quality evaluations (proposal and reports), particularly in thecontext of a limited evaluation…
The aim of this study is to provide a comprehensive analysis and assessment of how the European Investment Bank contributes to the achievement of Cohesion Policy objectives. The study finds that the role of the European Investment Bank in Cohesion Policy increased significantly in the 2007-13 programme period and continues to increase in 2014-20. Research…