Can my Entity (IFI/NPBI) be a direct advisory partner under InvestEU?
Yes, it can. 25% of the InvestEU Advisory Hub envelope is available for advisory partners other than the EIB.
These funds are allocated via calls for expression of interest. Entities can however also decide to implement advisory initiatives under the InvestEU Advisory Hub by signing agreements with the EIB.
Does my Entity need to undergo the Pillar Assessment for becoming advisory partner?
Yes, to become an Advisory Partner of InvestEU your Entity needs to go through pillar assessment. As the advisory initiatives under the InvestEU Advisory Hub will be implemented in indirect management mode, at minimum, the following pillars must be assessed: (1) internal control system, (2) accounting system, (3) independent external audit, (4) grants, (7) exclusion from access to funding and (8) publication of information on recipients, and (9) protection of personal data.
In the case of advisory support implemented through external service providers, also pillar (5) on procurement needs to be assessed.
Will it be possible to be both advisory and implementing partner?
Yes, an entity can act as both an implementing and an advisory partner or just one of the two to be defined in separate contractual arrangements, i.e. a guarantee agreement and an advisory agreement.
How can Member States help finance advisory initiatives under the Member State Compartment?
Member States can contribute to the implementation of advisory initiatives within the Member State Compartment of the InvestEU Advisory Hub. Their contribution can be covered by funds under shared management or by the Recovery and Resilience Facility (only the EU budget and not the national co-financing). Moreover, as provided by the InvestEU regulation, participation in the advisory support costs may be requested from final beneficiaries.
Can advisory initiatives be linked to the deployment of a specific financial product under the InvestEU?
Yes. Helping the deployment of the various financial products that will be available under the different InvestEU Fund policy windows and building the pipeline for the InvestEU Fund in general is part of the mandate of the InvestEU Advisory Hub. This is why specific advisory initiatives will be set up to support the implementation of InvestEU financial products.
Will the first call for expression of interest be also open to external service providers?
The first call for expression of interest will be open to the international financial institutions and to the national promotional banks and institutions. The types of eligible activities under the call will include delivery of InvestEU advisory initiatives (examples to be included in the call but other initiatives could be proposed in response to the call).
The external service providers will be approached through call(s) for tender to deliver advisory actions of a smaller size and that cannot be delivered by the InvestEU advisory partners.