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Off-the-shelf Financial Instruments for SMEs & Energy Efficiency

Explore a range of ready-made financial instruments for SMEs, including loans, guarantees, equity investments, and energy efficiency loans. This comprehensive package includes term sheets, lending policies, and program contributions.

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Off-the-shelf Financial Instruments for SMEs & Energy Efficiency

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  1. "Off-the-shelf" financial instrumentsJuly2013

  2. Types of instruments proposed: • Loan for SME's based on a portfolio risk sharing loan model (RS Loan); • Guarantee for SMEs (partial first loss portfolio) (Capped guarantee); • Equity Investment Fund for SMEs and start-up companies based on a co-investment model (Co-investment Facility); • Loan for energy efficiency and renewable energies in the residential building sector (Renovation Loan); + Template funding agreement

  3. Loan for SME's based on a portfolio risk sharing loan model (RS Loan)

  4. Guarantee for SMEs (partial first loss portfolio) (Capped guarantee)

  5. Equity Investment Fund for SMEs and start-up companies based on a co-investment model (Co-investment Facility)

  6. Loan for energy efficiency and renewable energies in the residential building sector (Renovation Loan)

  7. Term sheets • Structure of the financial instrument • Aim of the instrument • State aid implication • Lending/ guarantee/ investment policy • Pricing policy • Programme contribution to the financial intermediary (product details) • Programme contribution to financial instrument (activities) • Managing authority's liability • Duration • Alignment of interest • Eligible financial intermediaries • Targeted results (reporting, monitoring and evaluation) • Final Recipients eligibility • Characteristics of the product for the final recipients • Evaluation of the economic benefit

  8. Questions from the last meeting • Developed draft term sheets template have been communicated – details are now available • Off The Shelf instruments are opportunities, not an obligation • New Off The Shelf instruments mightbedeveloppedlater in othersectors/productsbased on the content of the programmes and demands (public building…) • Compatibility withother instruments shallbeverified in the ex ante assessment • Privatesectorinvolvementis key (leverage, risk, implementation…) • RS Loan and CappedGuarantee • 4 years portfolio availabilityis a market practice and benchmark • Co-investmentFacility • Conditions are determined by the GBER (FR eligibility, co-financing rates…) • EquityInvestmentFund

  9. Q&A time Thank you

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