Public service contract for the implementation of financial instruments
Contract Value:
-
Notice Type:
Contract Notice
Published Date:
19 September 2023
Closing Date:
19 October 2023
Location(s):
BE100 Arr. de Bruxelles-Capitale/Arr. van Brussel-Hoofdstad (BE Belgium/BELGIQUE-BELGIË)
Description:
The purpose of this public contract ('the Contract') is to set up and manage three financial instruments within the framework of the ERDF Programme 2021-2027 of the Brussels-Capital Region ('ERDF Investments'). All capital investments and loans are made in the name and on behalf of the Brussels-Capital Region. The Market is divided into three lots. LOT-00011RBC-FEDER2021-2027-IF - 1The purpose of Lot 1 is the implementation and management of a financial instrument for the financing of early-stage innovative companies, supported by the ERDF Programme under its specific objective 1.1. This lot aims (in accordance with the conditions described in the Description of Financial Instruments set out in Appendix 3, itself the result of the ex ante evaluation) to finance innovative companies in the form of equity, quasi-equity, or long-term loan that may be convertible and concerns: - Innovative companies facing operational and financial difficulties in carrying out the different phases of the innovation project. An innovative company is defined as a company that implements a technological or non-technological innovation, i.e. develops a new product or service, a new process, techniques or knowledge, at the project, transposition or marketing stage;
- innovative start-ups, which face a high degree of uncertainty in their innovation process and the completion of their project; The complexity of obtaining financing for this type of company is a proven cause of failure and an obstacle to their development;
- R&D and innovation projects. This funding aims (for projects that cannot benefit from Innoviris support) to meet financial needs, in particular related to feasibility studies, industrial research and experimental development costs.
The intermediary designated for Lot 1 is also responsible for the takeover and active management of the files (equity investments, loans and convertible loans), paid up by 31 December 2023 by the intermediary concerned, for the (Bruseed) tool for capital acquisition for innovative early-stage companies (investments under the ERDF Operational Programme 2014-2020 of the Brussels-Capital Region). The amounts (capital and interest) obtained in this context will be recovered on behalf of the Brussels-Capital Region, which will determine their allocation (to one of the instruments of this Contract or to another specific financial instrument). The purpose of this public contract ('the Contract') is to set up and manage three financial instruments within the framework of the ERDF Programme 2021-2027 of the Brussels-Capital Region ('ERDF Investments'). All capital investments and loans are made in the name and on behalf of the Brussels-Capital Region. The Market is divided into three lots. LOT-00022RBC-FEDER2021-2027-IF - 2The purpose of Lot 2 is the implementation of a financial instrument for granting (micro)credits for self-employed persons, VSEs and SMEs, supported by the ERDF Programme under its specific objective 1.3. Access (according to the conditions described in the Description of Financial Instruments in Annex 3, itself the result of the ex-ante evaluation) to (micro-) credit for self-employed persons (including self-employed persons) and VSEs/SMEs who do not have access to bank financing. The intermediary designated for Lot 2 is also responsible for the takeover and active management of the files (credits) released by the intermediary concerned on 31 December 2023 for the Rise Up tools, advantageous loans for social economy, integration or cooperative enterprises, and Open Up, microcredits (investments under the ERDF 2014-2020 Operational Programme of the Brussels-Capital Region). The amounts (capital and interest) obtained in this context will be recovered on behalf of the Brussels-Capital Region, which will determine their allocation (to one of the instruments of this Contract or to another specific financial instrument). The purpose of this public contract ('the Contract') is to set up and manage three financial instruments within the framework of the ERDF Programme 2021-2027 of the Brussels-Capital Region ('ERDF Investments'). All capital investments and loans are made in the name and on behalf of the Brussels-Capital Region. The Market is divided into three lots. LOT-00033RBC-FEDER2021-2027-IF - 3The purpose of Lot 3 is the implementation of a financial instrument for the allocation of advantageous loans, capital and quasi-capital in favour of cooperative enterprises or the social economy, supported by the ERDF Programme under its specific objective 1.3. This lot is aimed at the implementation and management of an advantageous loan scheme (under the conditions described in the Description of Financial Instruments in Annex 3, itself the result of the ex ante evaluation). This instrument is exclusively aimed at social enterprises and cooperatives. If the latter are not recognised as social by an authorisation, it is expected that they cover a minimum number of criteria for the approval (for which the intermediary ensures compliance) of a social enterprise according to the recognition criteria of the Brussels Region: - an explicit social purpose, aimed at the general interest, which must imperatively be included in their legal status, - a significant part of their profits must be allocated to this social purpose.