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project info
Start date: 1 July 2018
End date: 31 December 2023
funding
Fund: European Regional Development Fund (ERDF)
Total budget: 30 000 000,00 €
EU contribution: 27 000 000,00 € (90%)
programme
Programming period: 2014-2020
Managing authority: Subdirección General de Gestión del FEDER de la Dirección General de Fondos Comunitarios. Ministerio de Hacienda y Función Pública

FINANCIAL INSTRUMENT VENTURE CAPITAL EXPANSION_AGENCE IDEA

The actions presented in this operation will be implemented through a financial instrument that would fit the off-the-shelf venture capital instrument proposed by the European Commission through the EGESIF, called the Co-Investment Facility (EGESIF_15-0029-00)._x000D_ Capital line for projects of companies in the expansion and consolidation phase, by taking shares in their share capital or quasi-equity formulas._x000D_ The action provides for the financing of project expenditure in the expansion and consolidation phase, and may incorporate the financing of working capital in the terms set out in Article 37(4) of Regulation (EU) No 1303/2013. In addition, according to Article 42(1) of the Common Provisions Regulation, the eligible expenditure of the financial instrument shall be the total amount of programme contributions actually paid or, in the case of guarantees, committed by the financial instrument within the eligibility period, corresponding to: the reimbursement of management costs incurred or the payment of management fees for the financial instrument. In accordance with the above, the corresponding proportion of the management fees will be eligible in this operation, in accordance with the provisions of Article 7 “Management Expenditure and Commissions” of the Financing Agreement between the Junta de Andalucía and the IDEA Agency.

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