Innovative Financial Instruments in EU Funding Schemes
Innovative financial instruments, in the context of the funding schemes of the European Union, are different from funding by way of direct subsidies. These financial instruments can be divided in two large groups: instruments offering risk capital and equity capital and debt instruments. The instrum...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Sciendo
2013-06-01
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| Series: | Baltic Journal of European studies |
| Subjects: | |
| Online Access: | https://doi.org/10.2478/bjes-2013-0007 |
| _version_ | 1818340002001584128 |
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| author | Branten Eva Purju Alari |
| author_facet | Branten Eva Purju Alari |
| author_sort | Branten Eva |
| collection | DOAJ |
| description | Innovative financial instruments, in the context of the funding schemes of the European Union, are different from funding by way of direct subsidies. These financial instruments can be divided in two large groups: instruments offering risk capital and equity capital and debt instruments. The instruments help to engage resources from the private sector in projects which might be considered too risky without the said instruments and the implementation of which would be impossible or related to significantly higher expenses for the promoter of the project. As seen from Estonia’s perspective, up until now the use and impact of innovative financial instruments have generally met the expectations. In view of the diversity of areas and target groups of the innovative financial instruments planned within the framework of European Union’s Financial Framework 2014-2020, it may be presumed that several new instruments will be successfully implemented in Estonia. |
| first_indexed | 2024-12-13T15:35:58Z |
| format | Article |
| id | doaj.art-acf5884ca4fa4579b2510207fdf81578 |
| institution | Directory Open Access Journal |
| issn | 2228-0596 |
| language | English |
| last_indexed | 2024-12-13T15:35:58Z |
| publishDate | 2013-06-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Baltic Journal of European studies |
| spelling | doaj.art-acf5884ca4fa4579b2510207fdf815782022-12-21T23:40:01ZengSciendoBaltic Journal of European studies2228-05962013-06-013112113510.2478/bjes-2013-0007Innovative Financial Instruments in EU Funding SchemesBranten Eva0Purju Alari1Department of Public Economics, Tallinn University of Technology Akadeemia tee 3, Tallinn 12618, EstoniaDepartment of Public Economics, Tallinn University of Technology Akadeemia tee 3, Tallinn 12618, EstoniaInnovative financial instruments, in the context of the funding schemes of the European Union, are different from funding by way of direct subsidies. These financial instruments can be divided in two large groups: instruments offering risk capital and equity capital and debt instruments. The instruments help to engage resources from the private sector in projects which might be considered too risky without the said instruments and the implementation of which would be impossible or related to significantly higher expenses for the promoter of the project. As seen from Estonia’s perspective, up until now the use and impact of innovative financial instruments have generally met the expectations. In view of the diversity of areas and target groups of the innovative financial instruments planned within the framework of European Union’s Financial Framework 2014-2020, it may be presumed that several new instruments will be successfully implemented in Estonia.https://doi.org/10.2478/bjes-2013-0007debt instrumentseuropean union’s funding schemesinnovative financial instrumentsmultiplier effectsocial cost-benefit analysis |
| spellingShingle | Branten Eva Purju Alari Innovative Financial Instruments in EU Funding Schemes Baltic Journal of European studies debt instruments european union’s funding schemes innovative financial instruments multiplier effect social cost-benefit analysis |
| title | Innovative Financial Instruments in EU Funding Schemes |
| title_full | Innovative Financial Instruments in EU Funding Schemes |
| title_fullStr | Innovative Financial Instruments in EU Funding Schemes |
| title_full_unstemmed | Innovative Financial Instruments in EU Funding Schemes |
| title_short | Innovative Financial Instruments in EU Funding Schemes |
| title_sort | innovative financial instruments in eu funding schemes |
| topic | debt instruments european union’s funding schemes innovative financial instruments multiplier effect social cost-benefit analysis |
| url | https://doi.org/10.2478/bjes-2013-0007 |
| work_keys_str_mv | AT branteneva innovativefinancialinstrumentsineufundingschemes AT purjualari innovativefinancialinstrumentsineufundingschemes |