Introducing financial instruments for the European Social Fund

This handbook assists managing authorities and stakeholders of the European Social Fund (ESF) in understanding how financial instruments can enhance the effectiveness and efficiency of ESF programs. It defines financial instruments, highlights their advantages (leverage and revolving nature), and explains their relevance for the ESF. The publication details the life cycle of these instruments and stresses the importance of tailoring financial products to meet the specific needs of beneficiaries and address market failures.