ESF Financial Instruments and Programmes
Explore the European Social Fund's financial instruments and initiatives, such as investing in human capital, youth employment, social inclusion, and poverty eradication. Learn about the ESF's thematic concentration areas and implementing structure to support economic development and social welfare across Europe.
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Presentation Transcript
ESF+ Financial Instruments State of play EEN Training on EU Funding Programmes and Financial instruments 19 November 2021 Andrea DA POZZO
ESF+ Investing in human capital (2021-2027) https://ec.europa.eu/eur opean-social-fund- plus/en Budget over 7 years: 99.3 billion 98.5 billion shared management, implemented at MS level 762 million direct management, implemented at EU level Support both directly to people in their life situations and to reforms with a view of systemic impact Contributing to implementing the European Pillar of Social Rights 2
ESF+ Architecture Youth Employment Initiative (shared management) European Social Fund (shared management) ESF YEI FEAD European Programme for Employment and Social Innovation (direct management) EaSI Fund for European Aid to the Most Deprived (shared management) 3
ESF+ Scope The ESF+ aims to: achieve high employment levels by improving employment opportunities for all, including by investing in education and skills ensure social inclusion contribute to poverty eradication in particular for children In the current context, it will particularly contribute to: grow a skilled and resilient workforce ready for the transition to a green and digital economy tackle the crisis caused by the COVID-19 pandemic, in particular for the hardest hit such as youth 4
ESF+ Thematic Concentration 25% for social inclusion; 3% against material deprivation; 5% to tackle child poverty*; 12.5% for youth employment**; 0.25% for capacity-building of social partners and civil society*** *For MS with rates above EU average: BG, HR, CY, EL, HU, IE, IT, LT, LU, RO and ES **For MS with rates above EU average: BG, HR, CY, FR, EL, IT, RO, SK and ES *** For MS with a country-specific recommendation in the field: HU, PL, RO 5
ESF FIs Implementing structure Managing Authority FI OPERATION Beneficiary Holding Fund (HF) Bodies implementing Body implementing Specific Fund (Financial Intermediary) Body implementing Specific Fund (Financial Intermediary) Beneficiary FIs Financial products Financial products Final recipients Final recipients 7
Data submission Year* Member States OPs FIs** 2020 11 2019 10 2018 8 2017 7 2016 7 31 78 30 55 28 51 23 33 22 23 31 of 34 OPs with planned amounts for FIs 6 OPs with no planned amounts for FIs ES reported for the first time in 2014-2020 9 * Data as of 31 December of each year ** Already operational or in the set-up phase
Overall progress 900 820 815 784 800 700 600 557 500 418 400 330 282 265 300 234 223 182 200 158 116 104 87 69 100 50 49 20 1 0.8 0 0 0 0 Committed to FI Paid to FI Committed to final recipients Paid to final recipients 2015 2016 2017 2018 2019 2020 OP amount in EUR million 10
Type of products Vast majority of FIs provide loans and micro-loans FIs only providing micro-loans paid EUR 60 million to final recipients Equity in DE, PL, PT and SK Guarantees in MT and PT Tiny amount of other support combined within the FI 12
Final recipients and leverage Product SMEs of which micro Individuals Total Loans 3 090 2 879 2 208 5 305 Guarantees 1 349 1 349 Equity 1 308 1 168 1 310 Total 4 398 4 047 3 557 7 964 92% of supported SMEs are microenterprises CZ, DE, HU, LT, BG and PL strongly focused on SMEs MT only supported individuals Typically, modest leverage in line with expectations 13
