Market test for the financial instrument “Mezzanine / Growth Fund”...View more
The Fund Manager of Financial Instruments in Bulgaria EAD was established by Bulgaria’s Council of Ministers as a special-purpose vehicle fully owned by the State to manage the financial instruments designed to support the implementation of programmes co-financed from the European Structural and Investment Funds, i.e. OP Human Resource Development 2014-2020, OP Innovations and Competitiveness 2014-2020, OP Regions in Growth 2014-2020 and OP Environment 2014-2020, the Rural Development Programme 2014-2020 and the Maritime and Fisheries Programme 2014-2020.
Financial Instruments (FIs) are special-purpose financing schemes co-financed with resources from the European Structural and Investment Funds (ESIF), national financing from the Operational Programmes (OPs) and with additionally raised resources from the private and the public sector. FIs aim to achieve more efficient use of public resources, as compared to grant funding and to extend financial support to target groups of final recipients implementing economically viable projects, thus contributing to overcoming identified market inefficiencies, and to the implementation of EU’s strategic goals and policies.