Pilot Action 1

In the frame of Pilot Action1 six project partners prepared their Innovative Financial Instruments:

P3 RER

The proposed Financial Instrument intends to exploit the combination of a Loan Instrument and a Guarantee Instrument. In addition to them and in order to improve the quality of the proposed projects, a technical assistance unit will be financed by the fund to helps beneficiaries design their project. These instruments can be managed by financial intermediaries or by entities with experience in business credit. Among them, innovative platforms such as lending crowdfunding ones, should be involved. More information here...

P4 STRIA

The proposed financial instrument will be composed of two components. Component ‘A’ includes a thorough due diligence for approximately 300 businesses, ensuring nation-wide coverage by an independent expert consortium. This activity will result in a detailed Energy Innovation Roadmap at each SME, including financial background and possibilities, and the feasibility study of the energy efficiency investment. Businesses examined will have the opportunity to apply for subsidized loans to implement the developments within the framework of Component ‘B’. More information here...

P6 FhG-IMW

The basic idea of the presented innovative financial instrument (IFI) is to combine one of the three types of crowdfunding suited for business activities with one of the established forms of public funding, namely subsidies and promotional loans. In theory, this means six possible combinations, each of which has some advantages. However, regarding our research and analysis the most suitable combination in this case is the combination of lending-based crowdfunding with a subsidy. From here on we will refer to this combination as match lending. More information here...

P8 LV

The proposed FI has three versions. Instrument 1 is a combined product, consisting of a loan and subsidy component for small and medium companies. The maximum unit of support ranges between PLN 1.5 million up to PLN 500,000. The loan component creates the 50% - 75% of the project value. Instrument 2 is a combined product, consisting of a loan and subsidy component for micro companies. The maximum unit of support is PLN 250,000. The loan component creates the 33% - 67% of the project value. Instrument 3 is a combined product as well, consisting of a loan and subsidy plus guarantee component for micro companies. The maximum unit of support is PLN 250,000. The loan component creates the 33% - 67% of the project value. More information here...

P9 IRENA

The innovative financial instrument has been created which represents a hybrid of a classic financial instrument and EU grants, i.e. a hybrid model which, in addition to a loan with low-interest rates, includes the payment of grants as “rewards"/incentives to entrepreneurs to contribute to achieving EU energy and environmental goals. Namely, as shown by the results of statistical analysis of the use of EU financial instruments and grants, and the results of conducted surveys, the right measures or trigger that would encourage increased investment of SMEs in improving EE and use of RES in the Istrian County are grants combined with financial instrument/loan. More information here...

P10 ENVIROS

Two financial instruments are considered to be explored for the new programming period 2021 – 2027. The first is for smaller projects, defined as those with eligible cost up to 200 thous. € (alternatively 120 thous. €), will be supported only through financial instruments – soft loans or guarantees. Based on project results (= reached savings), the project could receive a ‘grant bonus’ in a form of remission of final instalments. The loans could be provided either by the CMZRB directly, or by commercial banks; in the latter scheme, the CMZRB would play a role of the ‘fund of funds’. The second one is for large projects, i.e. over 200 / 120 thous. €, will receive a grant up to the maximum amount eligible according to the EU State Aid rules, that can be combined with a soft loan. More information here...