1. Welcomes the Commission’s proposal to enhance t
he use of financial instruments (FI) in the next programming period (2014-2020); stresses that at a time of heavy fiscal constraint and reduced lending capacity on the part of the private sector, the increased use of innov
ative FI can foster public-private partnerships, achieve a multiplier effect with the EU budget, open up alternative sources of finance, guarantee an important financing stream for strategic regional investments, support long-term, sustainable in
...[+++]vestments and raise EU growth potential; believes that, if used for appropriate projects, FI could, as a complement to grants, evolve to become an important aspect of the EU’s regional growth strategies towards achieving the EU’s objectives of smart and sustainable economic growth; states that FI are appropriate if, as a result of the support provided, a project generates income and profits, so that credit and loans can be paid back;