The clients, in various capacities, required an evaluation of the advisability and of the most consistent methods for activating a financial instrument dedicated to a specific sector, making use of Community resources from present and future programming periods.
In particular, Sinloc’s activity has concerned: urban transformation, the energy sector, the agricultural sector and local public transport.
In detail, the clients required to identify an intervention strategy of the financial instrument and therefore of:
- Understanding the entity of the financial requirement necessary and tailoring the existing financing options, highlighting possible causes of non-utilization or under-utilization;
- Characterizing and certifying the existence of a market failure;
- Tailoring the financial instrument taking into account existing public resources and, therefore, the methods of utilization alongside other public spending policies;
- Defining technical forms, financing methods, optimal guarantee structures for covering failure and reducing the market gap;
- Identifying optimal methods to structuring and defining the selection criteria of the fund manager the financial instrument.
Sinloc’s intervention has made it possible to provide the clients with a study of Ex-Ante Evaluation pursuant to European Regulation EU no. 1303/2013 and to support them in the identification of the strategic priorities and in the definition of the activation strategies of financial instruments, making use of resources:
- of the Regional Operational Programme (ROP) pertaining to the European Regional Development Fund (ERDF) 2007-2013 in relation to support to the EIB on behalf of the Marche, Veneto, Tuscany, Abruzzo, Lazio and Emilia-Romagna Regions;
- of the Rural development Program (RDP) of the Autonomous Region of Sardinia for the programming Period 2014-2020;
- of the new Community programming cycle 2021-2027 for what concerns the platform dedicated to the renewal of the of local public transport fleet at national level.
The activation of the financial instruments, which have a revolving nature and are aimed at accompanying specific intervention sectors, has the objective of: partially covering the gap deriving from market failures, creating a substantial leverage effect with regard to existing public resources and promoting the development of projects offering beneficiaries a wider range of instruments at their disposal.
The activities carried out by Sinloc concerned:
- Identifying market failures and the financial gap;
- detecting target planning and defining guidelines;
- through a bottom-up approach on case studies, ex-ante understanding of criticalities and solutions for efficient functioning of the financial instrument;
- analyzing the added value (qualitative and quantitative) of the financial instrument;
- defining the investment strategy proposed and the characteristics of the financial instrument (type of product, price and guarantees);
- defining an ad hoc governance structure;
- defining an Action Plan for structuring and implementing the financial instrument.