In Real Economy/ Investment plan for

Europe

Institutional Capacity

Error Rates and Fraud

For the Future

Regional andUrban Policy

June 2015

Commissioner Creţu – Challenges ahead

INVEST

In Real Economy/

Investment plan for Europe

BUILD UP

Institutional Capacity

LEGALITY & REGULARITY

Error Rates and Fraud

PREPARE

For the Future

1

INVEST

In Real Economy/

Investment plan for Europe

Contributing to Digital

Single Market

Contributing to Energy

Union

Urban Agenda

Investing in Smart Growth

Investments in key

transport infrastructure

Macro-Regional

Strategies

Task Forces for Better

Implementation

Contributing to Social

Policy

2

Simplification Lagging Regions Project

Support administrative

capacity

Cross Border Review

Institutional Capacity Building

BUILD UP

Institutional Capacity

Exchanging good practice

3

Capacity Building Actions

Discharge preparation / relations with

ECA

Error Rate and Zero

Tolerance on Fraud

LEGALITY & REGULARITY

Error Rates and Fraud

4

Macro-economic

significance

PREPARE

For the Future

Post 2020 preparation

5

• Aim: Catalysing additional strategic investments in key economic sectors by addressing market failures, encouraging private sector financing and ensuring the most effective use of public funds

Investment Plan based on 3 pillars:

1. The new European Fund for Strategic Investment – EFSI: => EU guarantee to reach a multiplier effect with EIB lending and private and public co-funding

2. Making finance reach the real economy (Investment project portal and European Investment Advisory Hub)

3. Improving the investment environment

EFSI and ESIF are separate Funds with their own budget and rules

EFSI provides additional public and private investment to the EUR 450 bn ESI Funds

Combination of support EFSI – ESI Funds possible

Investment Plan for Europe

6

• Aim:

Exploit synergies between EFSI and ESI Funds to bring additional investment in the European economy

ESI Funds are expected to join EFSI supported projects in cases where this would ensure a higher value added and bankability of EFSI support

• Action:

Increase contribution of ESI Funds to the real economy by doubling of financial instruments – leveraging more private and public funds

No contribution to EFSI capital by ESI Funds, but combination of investments possible

at the level of individual projects or

within platforms in the form of grants or financial instruments

Guidance on linkages between EFSI and ESI Funds in preparation

ESIF and EFSI complementing each other

7

• Aim: The Investment Plan for Europe aims to maximise the leverage effect of

the ESI Funds by doubling of financial instruments in comparison to 2007-2013

• Action:

Extended possibilities to use financial instruments for 2014-2020 – a stronger role in the implementation of the new programmes

Encourage the use of financial instruments in a broader set of investment areas (e.g. energy efficiency, ICT, transport, R&D, SME-support => SME Initiative)

Provide assistance and advisory services to managing authorities and other stakeholders with the European Investment Advisory Hub (EIAH) Examples: Fi-compass (technical advisory platform) and Off-the-shelf instruments

Monitor continuously the implementation with managing authorities

Doubling of Financial Instruments

8

• Aim: Use scarce public resources as catalyst to generate additional private funding for SMEs (loans, guarantees, equity)

Action:

Implementation is ready to start in Spain and Malta

=> Bulgaria formally announced its intention to join, other MS are considering it

Operational workshop in Brussels on April 23rd to present the benefits to other Member States, e.g.:

"Ready-made" program - intense preparatory work already done

No national/regional co-financing needed (100% ERDF-funded)

Treatment of State Aid cleared already

Provide finance for SMEs: "SME Initiative"

9

• Aim: Improve the implementation of 2007-2013 programmes in 8 MS (BG, RO, CZ, SK, IT, HR, SI, HU) – maximise use of EU funds available

• Action: Launch of a Task Force to

Analyse the situation in each MS => find the obstacles to implementation!

Find flexibilities in line with European Council Conclusions (Dec 2014)

Identify country-specific key actions

Draw up or complete existing action plans for each MS

Ensure exchange of experience & good practice across MS

Measure results against the action plans & inform all EU MS about the achievements and flexibilities identified

Examples for solutions jointly agreed with Member States:

Identify and include new projects in programmes, create a reserve list of eligible projects

"Phasing" projects from 2007-2013 period into the 2014-2020 period

Identify well-performing priorities & financial instruments that can absorb more funds

Detailed risk assessment coupled with regular monitoring of the situation

Task Forces for Better Implementation

10

• Aim: find solutions to maximise the use of commitments and facilitate delivery of long-term projects by modification of Closure Guidelines for 2007-2013 Cohesion Policy programmes => BUT without changing the rules!

• Action:

"10% flexibility at closure" – a Member State can overspend by 10% in one priority of a programme, if compensated by an equivalent reduction in another priority

"Phasing" – starting a project under one programming period and finishing it in the next period

Financial engineering instruments can continue to invest in the real economy throughout 2016

April 30th, 2015 - Adoption of revised version of Closure Guidelines

Seminars in Member States, ad-hoc support through the Commission

Revision of Closure Guidelines

11

• Aim: Support smart growth in Europe through ESI Funds in R&D, ICT and SMEs

• Action:

Introduction of thematic concentration requirements (80% of ERDF allocation in more developed regions, 60% in transition regions, 50% in less developed regions)

Significant allocation of funds directed to innovation: EUR 160 bn of ESI Funds / EUR 118 bn of ERDF to 3 thematic objectives (TO1,2,3) + energy efficiency and renewable energy (TO4)

Contributing to EU policies: Investing in Smart Growth

Areas of thematic concentration ERDF allocated

TO1 - Research, technological development and innovation EUR 40 bn

TO2 – Enhancing access, use and quality of ICT EUR 13 bn

TO3 – Enhancing the competitiveness of SMEs EUR 34 bn

TO4 – Energy efficiency and renewable energy EUR 31 bn

Total of ERDF allocation EUR 118 bn

12

Aim: Place-based, innovation-driven growth strategies for economic transformation based on:

Competitive advantage - match research potential with business needs and capacities and develop links between sectors

Choices – select a few priorities (fields with best perspectives for growth and global competitiveness)

Critical mass of resources & talent - cooperation between regions to avoid duplication and fragmentation

Collaborative Leadership - involve key stakeholders ("quadruple helix") in an entrepreneurial discovery process for shaping those strategies

Examples for Smart Specialisation Priorities:

IT – Marche: from declining shoe and furniture industry to human centred high-tech design and ambient assisted living for an aging population

FI – North Karelia: from lumber jacks to advanced manufacturing of high-tech forest machines

DE – Saxony: from traditional industries of post-socialist Europe to 'Silicon Saxony', home to the continent's largest microelectronics cluster

Research and Innovation Strategies for Smart Specialisation RIS3 (ex-ante conditionality)

13

• Aim: Assist EU countries and regions to develop, implement and review their Research and Innovation Strategies

• Action:

Provide information, methodologies, expertise and advice to national and regional policy makers (guides, website, newsletter)

Mapping of specialisation areas of different regions to facilitate cooperation and avoid duplication (Eye@RIS3)

Facilitate mutual learning (peer-review) and trans-national cooperation (beneficial for highly developed regions too)

26/05 Launch of European Smart Specialisation Platform on Energy

http://s3platform.jrc.ec.europa

Supporting regions and member states: S3 Platform

14

Vanguard Initiative (VI)

•Leading the way towards building EU value chains in smart specialisation areas by interregional co-operations: implement roadmaps for co-investment

INTERREG support to RIS3

"Stairway to Excellence" – European Parliament Pilot Project

•Closing the innovation gap in Europe by assisting EU13 MS in combining ESI Funds and Horizon 2020

•2015/2016 - National events in all EU13 MS to gather managing authorities and National Contact Points to discuss barriers when implementing RDI projects

Region of Eastern Macedonia and Thrace – European Parliament Preparatory Action

•Model for other convergence regions in Europe - design and implementation of a smart specialisation strategy in a region heavily hit by the crises

Developing Smart Specialisation models across Europe

15

• Aim: Investing across the EU in transport as an enabler for economic activity

• Action:

EUR 67.8 bn planed total transport investments for 2014-2020

With respect to the particular situation of regions and MS:

In all Member States: Operations linked to smarter, safer, cleaner and multi-modal transport

In less-developed regions and cohesion countries: basic infrastructure investments in e.g. roads, railways, ports and airports;

In well-endowed regions and countries – only investments addressing specific missing links or bottlenecks

Promote synergies with Connecting Europe Facility (CEF) & Horizon 2020

BUT also major delivery tool for EU transport policy (ex-ante conditionalities, administrative capacity, …)

Cohesion Policy Investments in key EU transport infrastructures

16

• Aim:

Support ICT investments (infrastructure and productive investments)

Facilitate implementation of future DSM Directives

• Action:

Earmarking of EUR 20 bn for 2014-2020 for ICT investments in

Infrastructure (broadband, roll-out of high-speed networks)

Productive investments (for developing ICT products, services and e-commerce and efficiency gains thanks to e-government solutions, smart energy and transport solutions)

Support by facilitate implementation of future DSM legislative initiatives through "digital" ex-ante conditionalities

16-17/11 Broadband Conference in Brussels

Contributing to EU policies: Digital Single Market

17

• Aim: Support the implementation of the Energy Union

• Action:

Through financial support (approx. EUR 38 bn foreseen under cohesion policy)

Strong focus on Energy Efficiency, in particular in buildings

Investments in Innovation & SMEs for jobs linked to energy efficiency and renewables

Improving key enabling conditions for a better implementation of the Energy Union (technical assistance, capacity building)

Help to achieve the EU acquis as regards energy and climate change (ex ante conditionalities)

Establishment of a new EU wide cooperation platform (March 2015) to link management authorities and sectoral ministries

Example: Launch of Smart Specialisation Platform on Energy on 26/05

Contributing to EU policies: Energy Union

18

• Aim: A good investment and employment policy is the main building block for a good social policy

• State of play:

Disparities between and within Member States widened during crisis; unemployment remains high and poverty and exclusion rates increased

• Action:

Partnership Agreement & Programmes provide coherent strategic framework for ESF and ERDF interventions

European Social Fund (ESF) is the key instrument for the employment and social agenda with EUR 86 bn together with the ERDF investment in inclusive growth, which has increased to more than EUR 20 bn

Member States need to demonstrate that they have a national policy framework for poverty reduction, a national Roma inclusion policy framework and a national policy framework for health (ex-ante conditionalities)

Contributing to EU policies: Social Policy

19

• Definition: Integrated cooperation framework that allows the EU, Member States, and eventually third countries, to address common challenges and opportunities that go beyond borders and require collective actions in order to achieve shared strategic objectives

• Existing Strategies:

2009 European Strategy for the Baltic Sea Region

2011 European Strategy for the Danube Region

2014 European Strategy for the Adriatic and Ionian Region

2015 (July) European Strategy for the Alpine Region

• Funding: no specific budget; alignment and pooling of funds from all sources is needed

• Governance: necessary at all levels in order to ensure a sustainable and continuous implementation process

Contributing to EU policies: Macro-Regional Strategies

20

• Aim: Bring together existing urban policies and actions, in full respect of subsidiarity

• Action:

June 2015 – Report on responses to the public consultation as a Commission Staff Working Document

2nd June – CITIES Forum in Brussels

10th June – Riga Ministerial Declaration – has given the Commission a mandate to push the Urban Agenda forward

Continuous dialogue with Member States, European Parliament, Committee of the Regions and urban stakeholders to agree on concrete working methods

Contributing to EU policies: Urban Agenda

21

• Aim: Implement integrated strategies to tackle urban challenges (economic, environmental, climate, demographic and social)

• Action: Reinforcing the "urban" dimension of cohesion policy in 2014-20 by

ensuring that cities have a direct role in managing at least 5% of national ERDF allocations; (take up in practice is up to nearly 9% = EUR 15 bn ERDF; more than 250 cities EU-wide benefit)

directly supporting innovative projects and new solutions through pilot projects in cities – "Urban Innovative Actions" (Budget: EUR 371 Mio., first call in Nov/Dec 2015)

promoting exchange of experience between cities through URBACT programme & new Urban Development Network

enhance synergies with "Smart Cities Initiative" and other EU urban actions

Promote social inclusion through ERDF investments and maximising synergies between ERDF and ESF

Contributing to EU policies: Sustainable urban development

22

• Aim: Use ESI Funds to help address Country Specific Recommendations and deliver Europe 2020 objectives

• Action:

Ensure close link between ESI Fund programmes and European Semester processes

Provide substantial resources for structural reforms linked to relevant Country Specific Recommendations (CSRs) through the ESI Funds

Emphasise consistency between partnership agreements and programmes with National Reform programmes and CSRs

Concentrate funding on 11 thematic priorities closely linked to the Europe 2020 objectives

Possible adjustments of cohesion policy programmes due to new priorities always in dialogue with MS and regions concerned

Contributing to EU 2020 and European Semester processes

23

• Aim: Shift the focus from absorption of funding towards result orientation ("better spending") in the new programming period

• Action:

Use tools provided by the new regulation:

Set clear and detailed specific objectives in each programme – reflected by result indicators

Implement actions that help to achieve the expected results – reflected in output indicators

Monitor development of result and output indicators (Annual Implementation Reports)

Evaluate why a programme was successful or not

Estimate the contribution of EU funding to the achieved change

Ensure via the performance framework that programmes deliver what is under control of the managing authority

Give access to associated performance reserve to successful programmes and priorities if milestones have been achieved by 2018; otherwise no allocation of reserve

Focus on results – "better spending"

24

• Aim: Establish the framework conditions to ensure that ESI Funds investments will be effective and support the EU Acquis

• Action:

Ensure that Ex-ante Conditionalities (ExAC) are met upfront – latest during the first years of implementation!

Monitor closely the progress made by MS in fulfilling the ExAC

Insist on preparation of high quality action plans in the programmes of MS in case of non-fulfilment of ExAC

Ensure that those action plans are fulfilled latest by the end of 2016 (related report in 2017)

Possible suspension of payments for parts of the OPs in case of non-fulfilment of ExAC by end 2016

Ex-Ante Conditionalities for effective investments

25

• Aim: Develop a clear picture on the overall outputs, effects and lessons to be learned from the 2007-2013 programmes

• Action:

Comprehensive ex-post evaluation of 2007-2013 programmes:

322 programmes funded with EUR 270 bn by ERDF and CF

4 cross-cutting and 10 thematic studies in key policy areas

to be finalised by end 2015/start 2016; no results available yet;

Use evidence generated as valuable elements for

2014-2020 programme implementation

2016 budget review

Preparation of proposal for post-2020 cohesion policy

Evaluation of results 2007-13

26

Simplification Lagging Regions Project

Support administrative

capacity

Cross Border Review

Institutional Capacity Building

BUILD UP

Institutional Capacity

Exchanging good practice

27

• Aim: One-stop shop for technical assistance initiatives - a single entry point and coordinating body for Technical Assistance

• Actions:

Joint initiative of Commission and EIB

Single point of entry for advisory services with a support team (helpdesk) for public and private project promoters, managing and procuring authorities and National Promotional Banks

Guidance and support for potential investors and public authorities for investments in the EU (web portal)

Coordinate current advisory services (JASPERS, fi-compass, …), provide synergies, (e.g. projects under the new EFSI)

Establishing a platform for cooperation to use existing expertise within COM, EIB, NPB, MA, …

European Investment Advisory Hub (EIAH)

28

"Joint Assistance to Support Projects in European Regions”: technical assistance partnership between EC, EIB and EBRD

•Aim: Improve the quality of major projects supported by ESI Funds

•Action:

Encourage Member States to use JASPERS advisory function & Independent Quality Review (IQR) services if they use ESI Funds for supporting major projects

• Expected to play an important role for projects that meet the aims of the Investment Plan for Europe => applications for EFSI individual projects expected to be submitted shortly!

Support projects through "JASPERS +” (EIAH)

29

• Aim: Support the better use and take up of ESIF financial instruments on the ground

• Action:

January 2015: Set-up new advisory platform for Member States and managing authorities in partnership with the EIB

www.fi-compass.eu as knowledge & networking hub: useful material (video, factsheets, case studies, …)

1-day-seminars in Brussels (27/05), Vienna (02/06) and Warsaw (09/06)

National events will follow as of October

Increase take up of Financial Instruments (EIAH)

30

• Aim: a pre-condition for effective implementation of the ESI Funds => more important than the money!

• Action:

Acknowledge the key role of institutional capacity and good governance to ensure efficient implementation

Strive for smooth and sound procedures for access to funding and implementation of projects

Mobilise support to public administrations managing and auditing ESI Funds, through use of thematic objective 11 and technical assistance addressing shortcomings in

the implementation structures

human resource allocations

the systems and tools used

Building Institutional Capacity

31

• Aim: Reduce administrative burden for beneficiaries of ESI Funds closely linked to Vice-President Kristalina Georgieva's initiative for an "EU budget focused on results"

• Action:

New regulatory framework offers MS opportunities for simplification:

Set of common rules for all ESI Funds

Extended use of simplified costs options

Move towards e-cohesion

Assess intentions of Member States to reduce administrative burden => Member States and regions have to play their role!

Further ideas on simplification welcome – but first solid assessment of contribution of new regulations to burden-reduction and simplification needed

Launch of an independent high level group monitoring simplification for beneficiaries

Simplification

32

• Chair: former European Commission Vice-President Siim Kallas

• Up to 12 high-level experts representing industry, business, academia, politics and other beneficiaries

• Closely engage and inform the key institutional actors

• Focus on:

access to funding by SMEs

"Goldplating" at national/regional level, including selection of projects

use of simplified cost options

use of "e-cohesion"

implementation of projects under community-led local development

• Next steps:

Mid-2015 Open Call for experts

2015/16 Assess uptake of simplification possibilities by Member States Study on implementation in Member States and regions

2016 First set of recommendations on improving the uptake

End 2017 Proposals for further simplification post 2020

Independent high level group monitoring simplification for beneficiaries

33

• Aim: Identify key bottlenecks for effective investments in regions lagging behind & provide recommendations on how to unlock their growth potential

• Action:

First attempt for in-depth analysis of what is holding back growth in lagging regions ("low-growth regions" and "underdeveloped regions")

Investigate if/how conditions in which Cohesion Policy programmes operate can be improved to make EU investments more effective Example: business environment which is crucial for EU investments in SMEs

Prepare a Commission report identifying key bottlenecks for investment/growth and possible responses

22nd/23rd June, 2015 – Expert Seminar in Brussels

End 2016/17 – International Conference with OECD, World Bank, academia, policy makers, …

Fact finding missions to Member States/regions concerned

Lagging Regions Project

34

Member States: Tools to support administrative capacity

• Aim: Support administrative capacity and good governance in Member States and regions so that ESI Funds are better administered, using:

Thematic objective (TO) 11: "Enhancing institutional capacity of public authorities and stakeholders and efficient public administration"

Technical assistance: "… actions to reinforce the capacity of Member State Authorities and beneficiaries to administer and use those Funds"

• Action:

Encourage Member State and regions to use technical assistance to address shortcomings in the implementation structures, in human resource allocations and in the systems and tools used

E.g. by recruiting good quality staff, developing their know-how and competences based on human resources development plan, offering attractive employment conditions in order to retain staff, improving capacity of beneficiaries etc.

35

• Aim: Support public administrations in managing and auditing EU funds

• Action:

Activities carried out by DG REGIO in coordination with other COM services and external organisations (World Bank, EIB, EBRD, OECD…)

Competence centre for administrative capacity building established in DG REGIO in 2013

Analysis of administrative capacity bottlenecks; development of appropriate indicators

Mapping and analysis of how Member States use technical assistance

Action plans for public procurement and state aid

Workshops on anti-fraud/corruption in Member States

Pilot Integrity Pacts in cooperation with Transparency International

24/03/2015 – Launch of new "REGIO Peer2Peer platform" for exchange of expertise (study visits, expert missions, workshops)

Training sessions for Member State's authorities on new challenges 2014-2020

Mapping of competences for good management of ERDF and CF

European Commission: Tools to support administrative capacity

36

• Aim: Combine successful Interreg programmes with additional strategic actions to tackle persistent border obstacles

• Action:

15-16/9 – Celebrating 25 years of successful Interreg funding: Cross-border co-operation delivers the most visible European added value of Cohesion Policy and clear benefits to citizens living in border areas

BUT: need to enhance cooperation and further abolish obstacles which hamper businesses and citizens in their daily lives

Combination of financial investments and changes in legislative and/or administrative approaches necessary

June 2015 - Study on border obstacles

Autumn 2015 – Launch of public consultation

Series of workshops/events with key stakeholders (starting Sept 2015)

End 2016 - Issue paper with actions due before the end of Commission mandate

Cross Border Review

37

• Aim: Create opportunities for exchange of good practices and know-how in the field of regional and urban development

• Action:

OPEN DAYS – Week of Regions and Cities, 12-15 October 2015 "Europe's regions and cities: Partners for investment and growth"

yearly 4-day forum in Brussels with some 100 workshops, debates, … bringing more than 6000 practitioners from regions and cities to Brussels

Exchange good practices and know-how

Disseminate the new cohesion policy goals

Reflect on the future research agenda

RegioStars Awards

Present outstanding Cohesion Policy funded projects to inspire other regions in Europe

Award ceremony during Open Days 2015 for wider exposure and greater participation of stakeholders

Exchanging good practice around Europe

38

Capacity Building Actions

Discharge preparation / relations with

ECA

Error Rate and Zero

Tolerance on Fraud

LEGALITY & REGULARITY

Error Rates and Fraud

39

• Aim: Reduce the error rate to protect the EU budget in cooperation with MS

• Action:

Take preventive and corrective actions

timely suspensions, interruptions of payments;

strictly apply provisions for net financial corrections in case of identified serious deficiencies remaining unreported or undetected at national level

strict annual process to accept programme accounts and procedures to ensure programme residual error is brought below materiality each year

Implementation of reinforced provisions of the new regulatory framework => reinforce the programme authorities' accountability, management and control systems

Capacity building actions:

Prevent errors in most complex areas, i.e. public procurement, state aid =>Implement the designed actions plans on public procurement and state aid including organise support seminars for Member States to reduce the most common causes of administrative errors and financial corrections across all EU Funds

Promote use of Integrity Pacts to increase transparency and accountability in public tenders for EU funds

Continue applying a "zero tolerance on fraud" policy => Don't confuse errors with fraud

Error Rates and Zero Tolerance on Fraud – Ensure correct use of ESI Funds / Capacity building

40

• Aim: Find reasons and solutions for main errors detected by the European Court of Auditors (ECA)

• Action:

Take specific actions to extinguish main errors identified by COM and European Court of Auditors (ECA): reimbursement of ineligible costs, public procurement and state aid

Address the root causes of these errors: weak administrations and deficiencies in management => rarely fraud suspicion

Set up of dedicated competence centre for administrative capacity building in DG REGIO in 2013

Reinforced regulatory framework for the new programming period: carry out management verifications and controls (incl. on-the-spot checks); EU budget protected by 10% payment retention until acceptance of annual accounts; Member States incentivised to detect and correct errors before submission of annual accounts through application of net corrections

Close relations with the European Court of Auditors – "Discharge preparation"

41

Macro-economic

significance

PREPARE

For the Future

Post 2020 preparation

42

• Aim: Start preparations for the future

• Action:

Analyse and assess first how new elements of reformed cohesion policy have made a difference

Based on this sound evidence – develop policy options for post-2020

Involve all important stakeholders early in the process (EP, MS, regions, international organisations, academic world and others)

Key actions - Calendar and preparatory activities

Timetable (indicative)

2017 7th Cohesion report – COM presents ideas for post 2020 period – followed by a large public discussion

2018 Adoption of new COM legislative proposals

2018/19 Negotiations with EP and Council

End 2020 (latest) Adoption of regulatory framework

43

• Aim: Further develop the new role of ESI Funds as main instrument of public investment in many Member States and their role in a post-crisis strategy (= more than 50% of total public investments in most less developed MS)

• Action:

Forthcoming publications by DG REGIO

International Conference in 2016

During the crisis – public investment that played a counter-cyclical role (frontloading funding and directing it to areas of pressing need)

Therefore significant impact on GDP, employment, income, productivity and trade in many Member States over medium and long-term expected:

2014-20: Average increase in less developed MS: 2% of GDP // 1% of employment

2014-30: Long-term productivity-enhancing effects even beyond programme period: EUR 1 spent in main beneficiary countries = EUR 3 expected GDP growth

Exploring the Macro-economic significance of ESI Fund's investments

44

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Corina Creţu EU Commissioner for Regional Policy

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