Call for Expressions of Interest to select Financial Intermediaries that will receive resources from the EIF acting through the JEREMIE Holding Fund Extremadura Region to implement a JEREMIE funded financial instrument with an embedded risk sharing element

Call for Expressions of Interest to select Financial Intermediaries that will receive resources from the European Investment Fund acting through the JEREMIE Holding Fund for the Extremadura Region to implement a JEREMIE funded financial instrument with an embedded risk sharing element.

Ref.n. Call for EoI No. JER-015/1
Deadline: 8 March 2013

Download the full text of the call for expression of interest PDF | Word

The JEREMIE initiative is a framework programme providing a series of coherent actions to promote increased access to finance for micro, small and medium-sized enterprises. 

The JEREMIE initiative in the Extremadura Region (the “Region”) is organised through the European Investment Fund (hereinafter, “EIF”) acting through the JEREMIE Holding Fund (hereinafter, “JHF”). Through the JHF, the EIF manages funds made available from the European Regional Development Fund (hereinafter, “ERDF”) and related public expenditure awarded for utilisation under the JEREMIE initiative.

As part of the Regional Operational Programme ERDF 2007-2013 (“Programa Operativo Regional de Extremadura FESR 2007-2013”)[1] the competent regional authorities have agreed to dedicate resources to the implementation of the JEREMIE initiative with the EIF, in accordance with Article 44 of the Council Regulation (EC) No. 1083/2006[2] (hereinafter, “Reg. 1083/2006”) and in accordance with the provisions of the Funding Agreement (hereinafter, “Funding Agreement”) entered into on 21 December 2012 between the Junta de Extremadura (hereinafter, “Junta” or “Junta de Extremadura”) and the EIF. Relevant rules for implementing Reg. 1083/2006 are set out in the Commission Regulation (EC) No. 1828/2006[3] (hereinafter, “Reg. 1828/2006”).

The cooperation between the Junta de Extremadura and the EIF acting through the JHF is governed by the Funding Agreement, which defines the type of cooperation and the operational modalities of the JHF financing expenditure in respect of an operation, as this term is defined in Reg. 1083/2006 (hereinafter, “Operation”) comprising contributions to support financial engineering instruments. The EIF acting through the JHF is advised by the Investment Board, members of which are nominated by the authorities of the Junta de Extremadura (hereinafter “Investment Board”). The EIF in its capacity, acting through the JHF, acts on the basis of its usual business principles and an investment strategy and planning for the implementation of the JEREMIE initiative. The JEREMIE initiative is funded by the following Operational Programme for the period 2007‑2013, as described in particular in the table below:

This Call for Expression of Interest targets financial engineering instruments referred to in Article 44 of Reg. 1083/2006 and is addressed to bodies or firms, whether public or private, which are interested in receiving resources out of the JHF for the activities in respect of Operations (hereinafter “Financial Intermediaries”). Such activities shall be carried out in accordance with the contractual agreements to be entered into by the JHF and the selected Financial Intermediaries (hereinafter, “Operational Agreement(s)”).

The Financial Intermediaries should express their interest by completing and submitting an Expression of Interest, based on the template (Annex I) included in the call.