What is the RSFF?
Posted by Dora Farmaki on 19 July 2010 11:00 AM
RSFF = Risk-Sharing Finance Facility
RSFF is a new and innovative instrument supported by FP7 to provide loans for riskier but creditworthy R&D projects by risk-sharing betw
The EC and EIB contributions will be up to 1 billion Euros each during the course of FP7. RSFF is managed by the EIB and monitored by the EC in terms of eligibility of projects and budget allocation out of FP7. If demand for RSFF supported loans is lower than projected, the unused part of the EC contribution will be used for grants under FP7.
RSFF concerns institutions or projects mature enough to demonstrate capacity to repay and service debt on the basis of a credible business plan.