Publications

Neighbourhood Investment Facility – Annual Report 2010

15-05-2011

Officially launched in May 2008, the Neighbourhood Investment Facility (NIF) is an innovative financial instrument of the European Neighbourhood Policy (ENP), whose primary objective is to finance with a mix of grants and loans key infrastructure projects in the transport, energy, social and environment sectors, as well as to support private sector development (in particular SMEs) in the Neighbourhood Region.

 
GEOGRAPHICAL SCOPE
 
Projects receiving a grant contribution from the NIF must be located in an ENP partner country which has signed an Action Plan with the EU. However, on a case by case basis, taking into account regional or specific circumstances, other countries may also benefit from NIF interventions.
 
SECTOR PRIORITIES
 
Projects:
  • Establishing better energy and transport infrastructure interconnections between the
  • EU and neighbouring countries and among neighbouring countries themselves.
  • Addressing threats to the environment, including climate change.
  • Promoting equitable socioeconomic
  • development and job creation through support for small and mediumsized
  • enterprises and the social sector.
Financing and implementing large infrastructure projects requires considerable financial resources. The NIF is aimed at creating a ‘partnership’, pooling together grant resources from the EU Budget and the EU Member States and using them to leverage loans from
European Finance Institutions as well as own contributions from the ENP partner countries.
 

 


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