Financial instruments in ESI Funds Programmes: a look to the future with a view to the past

Fiona Wishlade, Rona Michie

Research output: Contribution to journalArticle


Financial instruments represent a small share of spend under ESI Funds programmes but they have received increasing attention in recent years. In this context, this article looks at how ESI Funds financial instruments have been used in 2007-2013, and highlights some of the lessons learned from this period. It then discusses the key changes which have been made to the policy framework for 2014-2020, and provides an overview of the emerging state of play for financial instruments in the 2014-2020 ESI Funds programmes. The article then concludes with a brief look at emerging issues.
Original languageEnglish
Pages (from-to)204-213
Number of pages10
JournalEuropean Structural and Investment Funds Journal
Issue number4
Publication statusPublished - 31 Oct 2016


  • financial instruments
  • cohesion policy
  • European investment

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