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LINKING DONOR SUPPORTTO POLICY DEVELOPMENT
Employment &
the Role of the European Investment Bank
Thessaloniki, 21-22 April 2005
Created by the Treaty of Rome in 1958, to provide long-term finance for projects promoting European integration; Subscribed capital EUR 163.7bn; EIB shareholders: 25 Member States of the European
Union; Lending in 2004: EUR 43bn (EUR 40bn within the EU); Borrowing in 2004: EUR 50bn (EUR 28bn in EU
currencies).
European Investment Bank the European Union’s financing institution
Economic and social cohesion in an enlarged EU
Support for SMEs
i2i, R&D, Dissemination of innovation, technology networks,education, health
Environmental protection and improvement
Support for EU development aid and cooperationpolicies
Promoting Union policies
EIB PROJECT ELIGIBILITY
Development of Trans-European and access networks
Strategic OutlookStrategic Outlook
LISBON LISBON EU COUNCILEU COUNCILMarch 2000March 2000
Preparing the transition to a knowledge-based economy and society by better policies for the information society and R&D
Modernising the European social model, investing in people and combating social exclusion
Sustaining the healthy economic outlook and favourable growth prospects by applying an appropriate policy mix
““Lisbon Strategy”Lisbon Strategy”
Target: … to become the most competitive and dynamic knowledge-based economy in the world capable of sustainable economic growth with more and better jobs and greater social cohesion .
Strategic OutlookStrategic Outlook
INNOVATIONINNOVATION
PRODUCTIVITYPRODUCTIVITYEMPLOYMENTEMPLOYMENT
COMPETITIVENESSCOMPETITIVENESSGROWTHGROWTH
“i2i” – PROMOTING KNOWLEDGE & INNOVATION (2000-2010)
Human capital formation, including training activities;
Information technology networks and access;
R&D;
Dissemination of information technology and the audiovisual sector;
Equipping SMEs with information technologies;
Development of SMEs and entrepreneurship.
Support for growth and employment
Employment in Europe 2002
Flexibility
Work Organisation Work Tools
Social and Regional Cohesion
Security
Employment
L I F E LONG L EARN I NG
EQUA L OP P O R T U N I T I E S
Reform/ Insurance Schemes
EIB Activities
Flexibility
Work Organisation Tools, ICT E-learning Tools E-Government Management Structures
Social and Regional Cohesion
Security/Insurance
Employment
Student Loans
Education Training R&D
L I F E LONG L EARN I NG
EQUA L OP P O R T U N I T I E S
Innovation, Industrial Parks
R&D Activities SME Activities Regional Learning
Centres Early Childhood
Centres
27%25%
“i2i”EUR 26.8bn SIGNED FROM LAUNCH
(EUR 24bn EIB plus EUR 2.8bn EIF)
38%
10%
Human Capital Research &
Development ICT European Investment
Fund
EIB eligibility
Banking criteria
Monitoring
Board ofDirectors
Loan approval
ManagementCommittee
LawyersContract
negotiation
ProjectBorrowerGuarantor
Promoter’s request
A sound project portfolio
Contractsignature
Staff teams EconomicFinancialTechnical
Environmental
THE PROJECT CYCLE AT THE EIB
A project assessment with many facets
Projects should:
Be eligible for EIB finance;
Be technically sound;
Be financially viable;
Show an acceptable economic return;
Comply with environmental protection and procurement regulations;
Have adequate security
PROJECT REQUIREMENTS:
General and legal information about the enterprise,its principal partners or sponsors;
Technical and environmental data of the project;
Economic data (market, jobs created,economic rate of return);
Financial data; operating costs (incl. depreciation and overheads), forecast financial statements (operating account and balance sheet), financing plan for the project and draw-down schedule;
Compliance with environmental protection and procurement regulations;
Guarantee security.
A test for sound investment
PROJECT DETAILS THE EIB NEEDS
i2ii2i
ICO; Global Loan innovation ICO; Global Loan innovation
programme for SMEsprogramme for SMEs
The loan will allow ICO, the Spanish State’s credit agency to the main source of financing for SMEs, to facilitate SMEs’ access to long-term funds on equal terms with prime borrowers and large corporations. In addition, ICO will contribute to financing the construction of technological parks. Both schemes come under the agreement between the ICO and the Spanish Ministry of Science and Technology and the Spanish Scientific and Technological Parks Association.
FINANCIAL INTERMEDIARY: ICO
EIB loan: € 200 million
Finnish Science ParksFinnish Science Parks
PROMOTER : The science parks are owned by Technopolis Plc
TOTAL INVESTMENT COST: € 140 million
EIB loan: € 70 million
The project concerns the design and construction and renovation of premises suitable for high-tech companies and research institutes at four science parks in Finland namely Oulu (North Western Finland), Espoo (Helsinki Area), Vantaa (Helsinki Area) and Temperas (Central Finland)
i2ii2i
Turkey Education Turkey Education Framework Project Framework Project
PROMOTER : The Republic of Turkey
TOTAL INVESTMENT COST: € 250 million
EIB loan: € 100 million
(€ 50 million signed)
The project consists in providing 6,800 Information Technology (IT) classrooms to about 5,100 primary or basic education schools - teaching grades 1 through 8 - located throughout Turkey. The purpose of the project is to increase quality and relevance of basic education and to make schools a learning resource for the community.
i2ii2i
The Politecnici Student The Politecnici Student Loan FacilityLoan Facility
PROMOTER : Politecnico di Milano,
Politecnico di Torino,
Politecnico di Bari, etc
EIB loan: € 25 million
The proposed project is designed to facilitate access to higher education to students in later study phase in Italy and is specifically targeted to students enrolled in the Politecnici system.
i2ii2i
School Upgrading Project School Upgrading Project
PROMOTER : The Republic of Serbia
TOTAL INVESTMENT COST: € 50 million
EIB loan: € 25 million
The project addresses the need for restructuring and educational improvement in the Serbian education system, aimed at facilitating economic development through the enhancement of education and skills. It comprises various measures, incl. teacher training strengthened, vocational education and training overhauled (prepared in close cooperation with the European Agency for Reconstruction)
i2ii2i
e-learning access e-learning access enhancementenhancement
PROMOTER : The Government of the Country concerned
TOTAL INVESTMENT COST: € 150 million
EIB loan: € 75 million
The project should broaden access to education and e-Learning programmes to allow persons of all ages to gain skills.
(Project under preparation)
i2ii2i
KfW’s entrepreneurial KfW’s entrepreneurial qualification GLqualification GL
PROMOTER: The German Government
TOTAL COST: € 400 million
EIB loan: € 200 million
KfW’s entrepreneurial qualification program is specifically designed within the Federal Government’s qualification policy (AFBG) to improve and increase the qualification of skilled workers, who have already obtained a first technical non-university degree in their specific profession. The program concentrates on non-academic vocational training. The objective is to build up the knowledge and skills either to start their own business as entrepreneurs or to achieve a position with higher responsibilities in the respective industrial or services sector. )
i2ii2i
A longer-term view …A longer-term view …
• Political consensus on education & Political consensus on education & coherence of policiescoherence of policies• Predictability of economic policiesPredictability of economic policies• Equity in education accessEquity in education access• Financing and quality of educational servicesFinancing and quality of educational services• Responsiveness and linkages to business Responsiveness and linkages to business needsneeds• Framework enabling lifelong learningFramework enabling lifelong learning
A few key “musts”A few key “musts”
