permanent jobs will be created for the management services of the rehabilitated dwellings. The loan is part of the Amsterdam Special Action Programme - ASAP - set up by the EIB to support investment in labour-intensive sectors in accordance with the Amsterdam Resolution on Growth and Employment. Since the inception of ASAP 18 months ago, the Bank has approved close to EUR 9 billion of loans for job
This report is the first ex-post evaluation of the EIB's investments in health since "health" became eligible for EIB funding under the Amsterdam Special Action Programme (ASAP). It consequently covers the period from 1997 to 2006.
Dieser Bericht enthält die Ergebnisse der ersten Ex-post-Evaluierung von EIB-Finanzierungen im Gesundheitswesen, seit „Gesundheit“ für Finanzierungsbeiträge der EIB im Rahmen des Amsterdam Sonderaktionsprogramms (ASAP) in Betracht kommt. Folglich umfasst er den Zeitraum 1997-2006.
Under its Amsterdam Special Action Programme (ASAP) set up in 1997 to bolster growth and employment in Europe, the European Investment Bank announces two new operations in France: The EIB is making... , will contribute to guaranteeing, during the period 1998-2000, equity commitments in support of SMEs for ten times this amount.
This is the first operation carried out in France under the ASAP "SME Window... and economic development and environmental protection.
These new loans follow on from two initial operations carried out under ASAP, in France, in 1997: A loan for FRF 150 million (ECU 23 million
loan we have made in the United Kingdom under our new Amsterdam Special Action Programme (ASAP). It is directed at urban regeneration schemes designed to meet social, economic and environment needs in deprived urban areas. These will benefit both local residents and businesses and help attract investment into areas of high unemployment, a key EU priority. Our ASAP programme was set up in response... of the main channels of funding for the UK social housing sector and has raised £1.1 billion on its behalf. Under its ASAP scheme the EIB may finance housing investment integrated in well-defined urban
Action Programme (ASAP) set up by the EIB to foster growth and employment in Europe. The purpose of ASAP is to direct a substantial proportion of EIB lending towards projects in the labour-intensive sectors of health, education, environmental protection and urban renewal. In the twenty months since it has been operational, ASAP has resulted in EIB commitments to finance 82 operations in these sectors for a total of over EUR 8.3 billion embracing all EU Member Countries. ASAP also includes a special "SME window" to facilitate access for SMEs to venture capital, in partnership with the banking
Programme" (ASAP), being implemented by the EIB in support of growth and employment in Europe. The ASAP programme extends the scope of lending by the EIB to include health and education projects... and growth-oriented small and medium-sized enterprises (SMEs). Total ASAP operations could, depending on the effectiveness of the various financial instruments put in place, result in additional finance
New financing schemes for SMEs: With its new scheme to facilitate access from SMEs to venture capital financing, the EIB is breaking new ground in close cooperation with national partner financing institutions.
Public Private Partnerships: The range of PPPs the EIB can support has been widened under the ASAP-programme to include investments in the health and education areas.
The EIB and the Community's institutional set-up: Maintaining close links with its fellow EU institutions, the EIB extends and diversifies its activities in a constantly changing economic and political environment
Action Programme (ASAP) set up by the EIB in November 1997 to foster investment and employment in Europe. The purpose of ASAP is to target a substantial share of EIB financing towards labour intensive projects in the health and education sectors, environmental protection and urban renewal. To date, ASAP has resulted in some fifty financing commitments by the EIB in these fields, totalling more than... administered by the EIF - go to show that this ASAP "SME window" is already producing tangible results. (1) The conversion rates used by the EIB for statistical purposes during the current quarter
"IJburg" on 6 islands to be reclaimed in the IJ-lake, adjacent to the city centre. The loan, which is being made under the Bank's "Amsterdam Special Action Programme" (ASAP), concerns the first phase... , Sir Brian Unwin, said: "I am particularly pleased to be able to sign here in Amsterdam the first direct loan in the Netherlands under the Bank's special ASAP programme. It is at the heart... one of the priority sectors - improvement of the urban environment - of the EIB's ASAP, launched in mid-1997 at the request of the Amsterdam Summit in June 1997 to encourage job-creating investment
in question comes under the Amsterdam Special Action Programme (ASAP) set up by the EIB in November 1997 to foster investment and employment in Europe. The purpose of ASAP is to target a substantial share of EIB financing towards labour intensive projects in the health and education sectors, environmental protection and urban renewal. To date, ASAP has resulted in some fifty financing commitments... with ECU 125 million by the EIB and being administered by the European Investment Fund (EIF) - go to show that this ASAP "SME window" is already producing tangible results. A global loan for FRF one
credit through French banking institutions.The global loan to CCF also falls partly within the scope of the Amsterdam Special Action Programme (ASAP) set up by the EIB to foster growth and employment in Europe over the years up to 2000. Under ASAP, the EIB has widened the scope of its financing to encompass the labour-intensive sectors of health and education. (1) The conversion rates used by the EIB
Under its Amsterdam Special Action Programme (ASAP) set up in the second half of 1997 to bolster growth and employment in Europe, the EIB is making available to SNCI LUF 350 million for on-lending in the form of subordinated loans to innovative SMEs to boost their capital base. SNCI will act as co-investor in each operation and itself lend a matching amount to the final beneficiaries, while... to the measures decided by the Luxembourg Special European Council on Employment (November 1997). The purpose of ASAP is to direct a significant proportion of EIB funding towards SME investment
approved extension of its operations to embrace the health, education and urban development sectors, serving to generate stable job opportunities (Amsterdam Special Action Programme, ASAP). Since adoption of ASAP, the EIB has granted new loans totalling some ITL 6 000 billion (EUR 3 billion) in the urban development sector. 1 euro = 0.705455 GBP, 1 936.27 ITL.
and employment The ETF is a component of the "Amsterdam Special Action Programme" (ASAP), launched by the EIB in 1997 with a view to stepping up its support for job-creating investment projects. Under ASAP... a major source of venture capital finance in Europe. The aim of ASAP is also to underpin job-creating investment in the fields of health, education and urban renewal. The EIB has committed nearly EUR 8
in education and the health sector. The loan comes under the Amsterdam Special Action Programme (ASAP), the EIB's response to the invitation made by the European Council at its Amsterdam meeting on 16 and 17 June for the Bank to contribute to creating job opportunities in the European Union by financing capital projects. ASAP is to be presented by the EIB to the European Heads of State or Government... the objectives referred to in the context of ASAP. During the past five years the EIB has provided loans in the Netherlands worth more than NLG 4.4 billion, of which over NLG 1.5 billion in the form of global
of the objectives of its Amsterdam Special Action Programme (ASAP). This is the EIB's first involvement in Denmark's emerging mezzanine finance sector. The second operation consists of a conventional global loan... networks; industrial competitiveness and integration; SMEs; environmental protection; and security of energy supplies.The EIB set up its Amsterdam Special Action Programme (ASAP) in response to the June 1997 Amsterdam European Council's Resolution on Growth and Employment, which called on the Bank to step up its lending in support of job-creating investment. ASAP encompasses a special window
on capital markets. The Amsterdam Special Action Plan - ASAP - proposed by EIB to create employment throughout the Union by supporting investment in labour intensive sectors and SMEs with strong... ASAP, the EIB is developing new financing instruments aimed at high technology and growth-oriented small and medium-sized enterprises (SMEs). These include the European Technology Facility, managed... the current quarter are those obtaining on 31/03/1998: 1 EURO = 1 ECU = PTE 203.473, GBP 0.94. (2) ASAP proposed by EIB to create employment throughout the Union by supporting investment in labour intensive
sectors targeted by the EU Heads of State or Government in the Amsterdam Resolution on Growth and Employment and covered by the "Amsterdam Special Action Programme" (ASAP) implemented by the EIB. The latter extends the Bank's field of operations to include the labour-intensive sectors of health, education and urban renewal. At the same time, ASAP bolsters the Bank's action in support of trans-European networks and the environment. It also contains a feature designed to facilitate the access of innovative SMEs to venture capital. Overall, ASAP operations could increase the volume of lending by some
global loans several hundred small and medium-scale environmental schemes implemented by local authorities. This operation comes under the Amsterdam Special Action Programme (ASAP) set up by the EIB in mid-1997 to foster growth and employment in Europe.The purpose of ASAP, which will last three years, is to direct a substantial proportion of EIB lending towards projects in labour-intensive sectors... and the present operation.
Overall, ASAP is designed to increase the volume of EIB lending in these sectors by some EUR 10 billion over the period 1997-2000. (1) EUR 1 = FRF 6.55957, GBP 0.705455, IEP 0.787564
operation in Portugal under the special window for SMEs in the framework of the Amsterdam Special Action Plan - ASAP - proposed by EIB to support employment creation in the Union through investment in labour... cohesion and for the creation of stable jobs. Under ASAP, the EIB is developing new financing instruments aimed at high technology and growth-oriented small and medium-sized enterprises (SMEs
lent over ECU 26 billion, of which some £3 billion in the UK, and borrowed ECU 23 billion on capital markets. The EIB's Amsterdam programme (ASAP) was set up following the European Council's declaration on growth and employment at Amsterdam in June 1997 that called on the EIB to step up lending for investment to help job-creation. The ASAP includes a special window to provide risk capital for high
Special Action Programme" (ASAP). This programme was set up in November 1997 to foster investment and employment by directing a substantial part of EIB lending towards labour-intensive projects in, for instance, education and health or towards schemes placing particular emphasis on educational needs or environmental protection. ASAP also includes facilities providing high technology and growth
centre. The EIB's Amsterdam Special Action Programme (ASAP) was set up following the European Council's Resolution on Growth and Employment at the Amsterdam Summit in June 1997 which called on the Bank to step up lending for investment to help job-creation. ASAP includes new lending for education, health and urban renewal, a special «window» to provide venture capital for high-growth small
" sectors of education and health is one of the key elements of the Amsterdam Special Action Programme (ASAP), the EIB's contribution to the 1997 Amsterdam European Council Summit's Resolution on Growth and Employment. ASAP also includes a special window providing venture capital facilities to specialized funds for innovative small and medium-sized enterprises (SMEs); new lending for urban renewal
, the EIB raises its funds on capital markets (AAA issuer).The EIB's Amsterdam Special Action programme (ASAP) was set up following the European Council's request that the EIB should to step up lending for investment to help job-creation. The ASAP includes a special window to provide risk capital for high-growth SMEs; new lending for education, health and urban renewal; and expansion of financing
external policy. Owned by the Member States, the EIB raises its funds on capital markets (AAA issuer).The EIB's Amsterdam Special Action programme (ASAP) was set up following the European Council's request that the EIB should to step up lending for investment to help job-creation. The ASAP includes a special window to provide risk capital for high-growth SMEs; new lending for education, health
to the increased importance attributed to them under the Amsterdam Special Action Programme (ASAP) to foster growth and employment. ASAP was set up by the EIB in mid-1997 in response to the Amsterdam
The European Investment Bank (EIB), the European Union's long-term financing institution, is providing EUR 15 million(1) in an equity capital arrangement with Raffaello Jersey Limited Partnership to support growing Italian private enterprises. This will be the first operation in Italy under the special programme set up following the 1997 European Council of Amsterdam (ASAP) that will involve... (AAA issuer).ASAP, aimed at favouring job-creation, includes a special window to provide risk capital for high-growth SMEs; new lending for education, health and urban renewal; and expansion
The Amsterdam Special Action Programme (ASAP) unveiled by the European Investment Bank (EIB) on the heels of the Resolution on Growth and Employment adopted by the Heads of State or Government... close on ECU 2 billion worth of loans in the health and education sectors now eligible for financing following the go-ahead given to ASAP. The capital projects targeted by this lending range across... and educational schemes in France, Belgium, the Netherlands, Denmark and Finland. ASAP's most innovative feature lies in the creation of a "SME Window" offering special facilities complementing the EIB's
the Amsterdam European Council resolution on Growth and Employment. The Bank is due to make a full report on its three-year "Amsterdam Special Action Programme" (ASAP) to the Employment Summit to be held... for discussions, and we are progressing on practical operations", he said. Main elements of the EIB's ASAP consist of: A special window for new instruments to help finance technology related and high... preparation by financing feasibility studies.
The EIB's ASAP has been approved by the Bank's Board of Directors at a special meeting in July and by the EIB's Board of Governors (the EU Finance Ministers
Under its Amsterdam Special Action Programme (ASAP) designed to bolster growth and employment in Europe, the European Investment Bank (EIB), the European Union's financing institution, is carrying... Council's Resolution on Growth and Employment of June 1997. The purpose of ASAP, which will last three years, is to direct a substantial proportion of EIB lending towards projects in labour-intensive sectors... .
Overall, ASAP is designed to increase the volume of EIB lending in these sectors by some ECU 10 billion over the period 1997-2000. (1) The conversion rates used by the EIB for statistical purposes during
26 billion, of which some £3 billion in the UK, and borrowed ECU 23 billion on capital markets. The EIB's Amsterdam programme (ASAP) was set up following the European Council's resolution on growth and employment at Amsterdam in June 1997 that called on the EIB to step up lending for investment to help job-creation. The ASAP includes a special window to provide risk capital for high-growth SMEs
, introduced under the Amsterdam Special Action Programme (ASAP), initiated by the EIB at the request of the Amsterdam European Council of June 1997. To date, projects approved in these two sectors, under ASAP
financing for urban renewal and environmental improvement works has expanded markedly due to the increased importance attributed to them under the EIB's Amsterdam Special Action Programme (ASAP) to foster growth and employment in Europe. ASAP was set up by the EIB in mid-1997 in response to the Amsterdam European Council's June 1997 Resolution on Growth and Employment in Europe. Planned to last three
Special Action Programme" (ASAP) which runs until 2000 to stimulate growth and job creation in Europe. This programme broadens the scope of EIB support to include two labour-intensive sectors, namely... of the Amsterdam Special Action Programme (ASAP) which runs until the year 2000 and which the EIB introduced to stimulate growth and employment in Europe. This programme entails the extension of EIB loans
. The Bank's "Amsterdam Special Action Programme" (ASAP), was drawn up in response to the European Council Amsterdam meeting in June that called on the EIB to step up action to support job creating... is well under way and we will increase its momentum. There are already some 40 ASAP projects in the pipeline in almost all EU member countries. The Board of Directors has approved health, education... . Over the last months, the Board of Directors has approved over ECU 3.6 billion of new financing for such infrastructure", he said. The Amsterdam Special Action Programme (ASAP), a pro-active response
(ASAP) to promote employment, the EIB is developing new financial products aimed at high-tech or growth-oriented SMEs, with a view to harnessing their strong potential for creating stable jobs
and social cohesion, by providing long-term finance for capital investment fulfilling EU objectives.Under its Amsterdam Special Action Programme (ASAP) to promote employment, the EIB is developing
and education come under the Amsterdam Special Action Programme (ASAP), launched by the Bank in response to the Amsterdam European Council of June 1997. To date, projects approved in these sectors amount
for investments in health and education, two priorities, job-intensive sectors which the EIB started to finance in the framework of ASAP (Amsterdam Special Action Programme), at the request of the Amsterdam
for action, the Amsterdam Special Action Programme (ASAP), was proposed
to and approved by the Board of Directors in July 1997 and by the Board of Governors in
August 19971. ASAP included a dedicated... of principles, then laid out (for
the entire ASAP programme) as follows:
•= “the respect for sound banking principles and practices;
•= the necessity to devise simple, realistic and practical measures... with the financial community, and its widening and
reinforcement, as a critical factor for the success of ASAP;
•= the importance of encouraging Public Private Partnerships and the need to avoid
crowding out
and education sectors included in the Amsterdam Special Action Programme (ASAP). To this end, we signed a global loan with Crediop for the financing of small and medium-scale ventures in the infrastructure... Civile to coordinate studies of the hydro-geological conditions of the region of Sarno, following the floods". After the first risk sharing global loan under the new ASAP venture capital "window
the Amsterdam Special Action Programme (ASAP) , devised to direct a substantial proportion of EIB financing to projects in labour-intensive economic sectors, thereby boosting employment. Since the approval of ASAP by its Board of Governors, the EIB has given the go-ahead to 44 operations in newly eligible sectors (see below) in 14 Member States, for a total amount of ECU 2 363 million (some ESP 390 billion
The European Investment Bank (EIB) is holding its 4th annual Forum in London on October 22-23. The Theme of the 1998 Forum will be `The European challenge: investing in jobs'. The Forum is especially topical in light of recent crises in financial markets, which have reinforced the importance of EMU as a zone of stability for European businesses. This, combined with recent measures by the EIB, the European Union's financing institution, in support of economic growth and employment polices in Europe, in particular its Amsterdam Special Action Programme (ASAP) designed to step up lending
and; extending support to the Central and Eastern European Countries with a view to their future membership of the Union.Under its November 1997 Amsterdam Special Action Programme (ASAP), the Bank has approved
the intermediary of French banks.Two of the above three global loans (CCF and CFCMB) also fall partly within the scope of the Amsterdam Special Action Programme (ASAP) introduced by the EIB in the second quarter
on capital markets at fine rates (AAA issuer).ASAP (Amsterdam Special Action Programme), aimed at favouring job-creation, includes a special window to provide risk capital for high-growth SMEs; new lending
Programme (ASAP) includes a special window for financing venture capital operations in favour of high-growth SMEs. It also provides for the Bank to extend its activity in the new fields of education, health
to finance sound investment to promote modernisation and growth in the European Union and to create the basis for the successful development of EMU. Under its Amsterdam Special Action Programme (ASAP... loans during 1998 for investment by small and medium-sized enterprises, arranged through banking partners in every Member State of the Union. Since November 1997, also under the ASAP programme... of the Amsterdam Special Action Programme (ASAP) to support growth and employment since its launch in November 1997: EUR 560 million equity and quasi-equity financing approved for high-growth, innovative
and in a practical way to the resolution on growth and employment of the June Amsterdam Summit by launching our Amsterdam Special Action Programme (ASAP). This is now well under way with substantial financing... emergency grant and loan assistance for reconstruction works in the areas seriously damaged by floods in Germany, Poland and the Czech Republic." 1997 highlights Launch of the three-year ASAP aimed... Programme (ASAP). The EIB maintained a strong level of co-operation with banks and companies, with some 68% of outstanding loans in the private sector. - Regional development : 1997 saw an increase
Amsterdam Special Action Programme (ASAP), which has been in operation since October 1997 and is to run for three years. In the space of eighteen months, ASAP has resulted in loans totalling nearly EUR 9... part of the EIB's field of activities. This constructive move followed on from the earlier 1997 ASAP decision restricting the eligibility of these sectors for EIB finance to a period of three years and giving priority to projects located in assisted areas. 2. Trans-European networks (TENs) and environmental protection The Governors recorded the fact that, in line with their decisions on ASAP
of Governors, the EIB has already commenced operations in the educational sector under its Amsterdam Special Action Programme (ASAP).Since Spain's accession to the EU in 1986, the EIB has provided aggregate
and independent management. This new Fund falls within the context of the Amsterdam Special Action Programme (ASAP) , intended to focus a substantial portion of EIB financing on projects in labour-intensive
, introduced under the Amsterdam Special Action Programme (ASAP), initiated by the EIB at the request of the Amsterdam European Council of June 1997. The programme covers the financing of investment
promoter can only be achieved through such cooperation, since the EIB's resources need to be tailored to the specific needs of individual clients. The Amsterdam Special Action Programme (ASAP) was set
1997 which asked the Bank to step up lending for investment to help job-creation and to stimulate the economy. The EIB's Amsterdam Special Action programme (ASAP) programme also includes new lending
activity. It is a key element of the Amsterdam Special Action Programme (ASAP), our contribution to the Amsterdam European Council Summit's Resolution on Growth and Employment, which also comprises provision
Action Programme (ASAP), set up with a view to promoting employment, has a special venture capital financing window for high-growth SMEs. It also enables the Bank to expand its lending into new areas
1997 Annual Report and balance sheet, which at the end of the year stood at ECU 157 billion. The Bank was congratulated on the launch of its Amsterdam job-support action plan (ASAP), on the increasing... -creating investment. The EIB's action plan (ASAP) extends its lending for the first time into the job-intensive areas of health and education, strengthens its financing for urban renewal, environmental
reflected to α large
degree the boost to activity from the
Amsterdam Special Action Programme,
ASAP, to which 1 will refer later.
To finance the Bank's lending we launched
bond issues to the value... on both of these.
AMSTERDAM SPECIAL ACTION
PROGRAMME (ASAP)
"The Bank's support for EMU on the lend-
ing side was reinforced last year by the
Amsterdam Special Action Programme
(ASAP). You ore... proposals from the Manage-
ment Committee before the end of July;
you, the Governors, endorsed these in
August; and ASAP operations started in
the early autumn so that, in presenting
the initiative
or Government of the progress
made by the Banl< in setting up its
"Amsterdam Special Action Programme"
(ASAP) to bolster growth and employ-
ment in Europe.
The various components of ASAP were
approved by the ElB's Board of Governors
on 20 August in response to the Amster-
dam European Council Resolution (1).
The purpose of ASAP, which will last
three years (from September 1 997 to the
year... the
framework of ASAP the EIB is setting up
α "special window" in favour of innova-
tive SMEs which have demonstrated
strong growth potential supported by the
production or use of goods with α high
val-
tioiden ja hallitusten päämiehille pankin
edistymisestä Euroopan kasvua ja työlli-
syyttä tukevan "Amsterdamin toimintooh-
jelman" (ASAP) toteuttamisessa.
EIP:n valtuusto hyväksyi ASAP-ohjelman... synnyttävien hankkeiden
hyväksi. ElP ottaa ASAP-ohjelman yhtey-
dessä käyttöön erityisen rahoitusohjel-
man innovatiivisia pk-yrityksiä varten,
jotka ovat voimakkaassa kasvuvaiheessa
teknologiapainotteisuutensa ansiosta.
ASAP-ohjelmaan kuuluu myös ElP-rahoi-
tuksen lisääminen työpaikkoja luovilla ja
työvoimavaltaisilla aloilla. Näitä ovat
muun muassa Euroopan laajuiset verkot
(TEN
Action
Programme (ASAP) to support growth and employment. Since its
launch in November 1997:
- EUR 560 million equity and quasi-equity financing approved
for high-growth, innovative small... investment to promote
modernisation and growth in
the European Union and to
create the basis for the success
ful development of EMU.
Under its Amsterdam Special
Action Programme (ASAP) the
Bank placed... in traditional
loans during 1998 for invest
ment by small and medium-
sized enterprises, arranged
through banking partners in
every Member State of the
Union.
Since November 1997, also
under the ASAP
of small and medium-scale ventures. Attention was also focused on the Amsterdam Special Action Programme (ASAP), including the new tasks, handed down to the Bank as a result of the Special Summit
-creating SMEs under its Amsterdam Special Action Programme (ASAP). To date, Bank financing approved under this heading for some fifty venture capital fund operations throughout the EU has totalled more
in Europe. We drew up the " Amsterdam Special Action Programme (ASAP) on which I shall be reporting to the special Employment Summit in Luxembourg next week. This programme will run up to the end of year
the European
Union
In addition to the sustained
development ef the ASAP pro
gramme, the Bank maintained
its strong support for invest
ment in traditional priority
areas such as Trans-European
Networks... much ap
preciated the Bank's pioneering
contribution towards creating
confidence in the euro during the
critical months prior to its birth.
Amsterdam Special
Action Programme
(ASAP)
ments... started
from scratch - and intensified our
partnership with the financial sec
tor. Indeed, the venture capital
When I reported to you last year
ASAP was well underway but still
in its early
1997, entrusted the EIB with new
remits designed to boost the Member
States' economies. The ElB's response
was to launch its Amsterdam Special
Action Programme (ASAP), approved
by the Bank's Board... , EIB loans under
ASAP should have α multiplier effect
capable of generating close on ECU
20 billion in co-funding for the private
sector.
At the end of its first year of ASAP
operations... ,
THE ENVIRONMENT AND
URBAN RENEWAL
In the context of ASAP, the EIB is also
taking forward its lending for trans-
European networks (TENs), environmental
protection and urban renewal, which
between
-Präsident Sir Brian Unwin
die Staafs- und Regierungschefs über die
Fortschrirte unterrichtef, die die Bank bei der
Umsetzung ihres „Amsterdam Sonder
aktionsprogramms" (ASAP) zur Förderung
von... genehmigt worden.
Das ASAP stellt die Antvi/ort der Bank auf
die Entschließung des Europäischen Rates
Amsterdam (1) dar. Es erstreckt sich über
einen Zeitraum von drei Jahren (Sep
tember 1997-2000...
trägt. Eine Spezialfczilitöt im Rahmen des
ASAP ist für die Finonzierung von innovati
ven KMU bestimmt, die sich durch ein hohes
Wachstumspotenfiol auszeichnen und
Hochtechnologieprodukte
Sonderaktionsprogramms" (ASAP) der Bank, mit dem sie zur
Umsetzung der vom Europäischen Rat Amsterdam verabschiede
ten Entschließung über Wachstum und Beschäftigung beiträgt. Im
Juni 1999 hat der Rat der... Gesundheit erfolgte zunächst im Rahmen des Amsterdam
Sonderakdonsprogramms (ASAP). Im Anschluß an die Sitzung
des Rates der Gouverneure der Bank im Juni 1999 wurden die
beiden Bereiche in die... Darlehen: 5 534 Mio
davon
Einzeldarlehen: 2 292 Mio
Globaldarlehen: 3 220 Mio
KMU-Fazilltät/ASAP: 22 Mio >
4'
Die Einzeldarlehen betrafen die Bereiche Energie (209 Mio) und Verkehr (559 Mio), die
as part of the Bank's "Amsterdam Special Action
Programme" (ASAP), set up to support the Amsterdam
European Council's resolution on growth and employment.
In June 1999, the EIB's Board of Governors...
Global loans: 3 220 million
ASAP "SME Window": 22 million
Individual loans were granted for the energy sector (209 million), transport (559 million), water and
waste management (327 million), urban... Saar Girozentrale
DGZ-DekaBank
754.5
616.0
_ 499.7
3524
200.0
150.9
. 130.6
102.8
77.8
52.6
50.0
49.7
45.1
40.0
36.8
28.9
17.6
15.2
Operations under ASAP "SME Window"
- Deutsche
-loket" risicokapitaal te
verschaffen. Deze faciliteit is eind 1997 in het leven geroepen als
onderdeel van het „Amsterdam Special Action Programme"
(ASAP) dat de Bank heeft ontwikkeld naar... miljoen
waarvan
afzonderlijke leningen: 2 292 miljoen
globale kredieten: 3 220 miljoen
MKB-loket/ASAP: 22 miljoen
De afzonderlijke leningen betreffen de sectoren energie (209 miljoen), vervoer...
49,7
45,1
40,0
36,8
28,9
17,6
15,2
Verrichtingen uit hoofde van het „MKB-loket"
van ASAP
Deutsche Venture Capital Gesellschaft
mbH & Co Fonds II KG
Innovationsfonds Schleswig-Holstein
to find some new
employment and growth measures,
we took the initiative on the ASAP-
pregremme as we had dene earlier
on the Pre-Accession Facility for the
EU candidete countries. The recent
EUR 500... to in
tervene in both the still under
developed erees end these erees in
trensition where grent is going to
be withdrewn will be very greet.
The ASAP programme has also ad
ded substantielly to eur... it will come at
a leter stage.
The venture cepitel initietive te-
ken under ASAP hes been revolu-
tienery for the EIB. This ectivity
wes leunched only two yeers ego
and today, the EIB is together
in hohem
Maße die verstärkte Tätigkeit im Rahmen
des Amsterdam Sonderaktionsprogramms
(ASAP) wider, auf das ich noch eingehen
werde.
Für die Finanzierung der Darlehen der Bank
hoben wir 156 Anleihen... werde diese bei
den Aufgaben kurz erläutern.
AMSTERDAM SONDERAKTIONS
PROGRAMM (ASAP)
Auf der Darlehensseite wurde die Unter
stützung der WWU durch die Bank im ver
gangenen Jahr durch dos... - und
Beschäftigungsinitiative zu unterstützen; der
Verwaltungsrat genehmigte vor Ende Juli
Vorschläge des Direktoriums, denen Sie als
Gouverneure im August zugestimmt haben.
Mit den ASAP
Operationen im Rahmen des
ASAP, das die Versorgung kleiner Unternehmen mit
Wagniskapital und die Einanzierung von Investitionen im
Bereich des Humankapitals zum Ziel hat, konnte maßgeblich zur... ; Durchführung des allerersten globalen
Commercial-Paper-Programms (CP) im Betrag von 5 Mrd EUR.
• Rasche Umsetzung des Amsterdam Sonderaktion.sprogramms (ASAP)
zur Förderung von Wachstum und Beschähigung... .
Besondere Bedeutung hat die Bank
im Rahmen ihres Amsterdam Son
deraktionsprogramms (ASAP) der
Unterstützung von Risikokapital
finanzierungen zugunsten der Ak
tivitäten kleiner und mittlerer
käynnistettiin
vuoden 1997 lopussa osana pankin Amsterdamin toimintaohjel-
maa (ASAP), joka perustettiin Amsterdamin Eurooppa-neuvoston
kasvua ja työllisyyttä koskevan päätöslauselman tukemiseksi.
Kesäkuussa...
Sovitut lainat: 5 534 miljoonaa
joista
Yksittäiset lainat: 2 292 miljoonaa
Globaalilainat: 3 220 miljoonaa
ASAP / PK-rahoitusohjelma: 22 miljoonaa
Myönnetyt yksittäiset lainat kohdistuivat... Girozentrale
- Landesbank Saar Girozentrale
- DGZ-DekaBank
ASAP:n I PK-rahoitusohjelman
perusteella tehdyt sijoitukset
- Deutsche Venture Capital Gesellschaft
mbH & Co Fonds II KG
754,5
616,0
teki aloitteen ASAP-
ehjelmasta samoin kuin aiemmin
EU:n jäsenehdokasmeille suunne-
tuste rehoitusjärjestelmästä. Tuore
esimerkki penkin eme-eleitteisuu-
desta en myös 600 miljoonan euron... siirtymävaiheesse
oleville seuduilla, jeilta tuet aieteen
lekkeuttee.
Myös ASAP-ohjelma on merkit
tävästi lisännyt pankin luetenentee
perin viime vuoden eikena. Tilenne
on nyt tesoittumessa, eikä... myös Keski- je Itä-
Euroepassa.
Pääomasijoittaminen
mullistavaa EIP:Ile
ASAP-ehjelmalle eloitettu pääeme-
sijoitteminen en ollut EIP:n teimin-
nelle käänteentekevää. Pääoma-
sijoitukset käynnistettiin
miljardin euron globaalin yritys-
todistiisoh jelman.
• Marraskuussa 1997 käynnistetty kasvua ja työllis\yttä tukeva Amster
damin toimintaohjelma (ASAP) toteuteiiiin ripeässa tahdissa:
- 560 miljoonaa... -
vien yhteistyökumppanipank-
kien kautta. Marraskuusta
1997 lähtien, edelleen ASAP-
ohjelman puitteissa, EIP on hy
väksynyt 3 miljardia euroa
Euroopan henkisen pääoman
.SV/7/ 2 I EIP TIEDOTE...
edistettiin EU:n tavoitteita
alueellisen kehittämisen ollessa
edelleen tärkein tehtävä.
Amsterdamin
toimintaohjelma
(ASAP)
Marraskuussa 1997 käynnistet
ty ohjelma oli pankin vastaus
Amsterdamin
kleinbedrijf en de
financiering van investeringen in menselijk kapitaal onder het
programma van Amsterdam (ASAP) hebben er flink toe bijgedra
gen dat er vaart in het Groei- en Werkgelcgenheidsinitiatiet van... Amsterdam Special Action
Programme (ASAP) ter ondersteuning van groei en werkgeiegenheid
(gelanceerd in november 1997)
- Via gespecialiseerde partnerinstellingen in aile lidstaten van de
Europese Unie...
(ASAP) legde de Bank bijzon
dere nadruk op een versterking
van het Europese risieokapi
taalbedrijf die de activiteiten
moet steunen van het midden-
en kleinbedrijf, dat voor de
groei en
I.4. Analysis of Portfolio Companies: Match to ASAP Objectives ......12
II ETF VC Operations – The Managers: Quality and Performance............14
II.1. The Managers: Quality... Appendix I contains a glossary of venture capital terms used in this report
ACP Africa, Caribbean and Pacific countries
AFIC French Private Equity and Venture Capital Association
ASAP Amsterdam... to
the EIF by the European Investment Bank (EIB). It was signed in late 1997, as part of the EIB’s
“Amsterdam Special Action Programme” (ASAP) which had been developed as a response to the June
Europäischen Union
über die stetige Entwicklung des
ASAP hinaus unterstützte die
Bank weiterhin nachdrücklich In
vestitionen in ihren traditionellen
vorrangigen Tätigkeitsbereichen,
wie etwa...
Monaten vor seiner Einführung sehr
geschätzt haben.
Amsterdam
Sonderaktionsprogramm
(ASAP)
Als ich Ihnen im letzten Jahr über das
ASAP berichtete, war das Programm
bereits gut angelaufen, jedoch... des ASAP, die speziell
auf Kapital- und Quasikapitalfinan-
zierungen zugunsten innovativer
KMU mit hohem Wachstumspoten-
tial ausgerichtet ist, inzwischen mehr
als 600 Mio EUR über spezialisierte
sterdamin toimintoohjelmenso" (ASAP),
jota sovelletoon vuoden 2000 loppuun
osti. Ohjelman olustavat tulokset esiteltiin
marraskuussa Luxemburgissa pidetylle
EU:n ylimääräiselle työllisyyshuippuko... yhteistoimintohank-
keiden valikoimoo laajennettiin ASAP-
ohjelmalla sisällyttämällä niihin ter
veys- ja koulutushankkeet.
- EIP Euroopon yhteisön
toimielinrakenteessa 7
Läheisiä yhteyksiä ylläpitämällä EU:n...
toiminteohjelmoo (ASAP). ASAP-ohjelmo
oll penkin vostous jäsenvaltieiden kosvuo
ja työllisyyttä koskevoen päätöslousel-
moan, joko määriteltiin kesäkuussa 1997
Amsterdamin Eurooppa-neuvoston kokouk-
sesso
puheenjohtajan
Sir Brian Unwinin, KCB, puhe valtuustolle
Luotonanto Euroopan
unionissa
Sen lisäksi, että me jatkeimme
EIP:ssâ ASAP-ohjelman kehittä-
mistä, me tuimme voimak-
kaasti investointeja... käynnistysvaiheen hankkei
siin.
Me elemme siteneet fai hyväksy-
neet muilla ASAP-ohjelma-alueilla
nein 4 miljardia euroa terveyden-
heite- ja koulutusalejen hankkei
siin - yliopistoihin, sairaaleihin,
keuluihin... .
Amsterdamin
toimintaohjelma (ASAP)
Selvittäessäni teille viime vuenna
toiminnan vaiheita ASAP eli je
hyvin käynnissä, muffa vielä toimin-
tansa alkuvaiheessa. Vuoden 1998
aikana ehjelmaa vahvistettiin ja
gestage ontwikkeiing
van het programma ASAP bleef
de Bank krachtig steun verlenen
aan investeringen op haar tradi-
tionele prioritaire terreinen,
zoals transeuropese netwerken
(TEN's), het midden... .
Amsterdam Special
Action Programme
(ASAP)
gekeurd ten behoeve van projecten
in de sectoren onderwijs en gezond
heidszorg - universiteiten, zieken-
huizen, scholen en opleidingsin-
stellingen - en ruim...
ervaring en deskundigheid flink
Toen ik u vorig jaar versiag over
ASAP uitbracht, was het programma
al goed van start gegaan, maar
bevond zieh nog in de beginfase.
Het afgelopen jaar is het program
ma
"Amsterdam
Special Action Programme" (ASAP) for
the period up until the end of the year
2000, the Bank responded to this invi-
tation and in November presented the
preliminary results to the European... v/ith
national partner financing institutions.
- Public Private Partnerships 4
The range of PPPs the EIB can support
has been widened under the ASAP-
programme to include investments... and widened as part of the EIB's
Amsterdam Special Action Programme
(ASAP) set up in response the Member
States' resolution on growth and em-
ployment at European Council meeting
in Amsterdam
uilvoering von het werk-
gelegenheidsondersteunende octieplon van
Amsterdam (ASAP), de steeds grotere om-
vang van de financieringen ter onder-
steuning van de overgang naor de EMU en
de...
PROGRAMME (ASAF)
„In het actiefbedrijf werd de steun van de
Bank ααη de EMU vorig jaar verhoogd
door het Amsterdam Special Action
Programme (ASAP). U is de voorgeschie-
denis bekend. De Bank... goedgekeurd; υ als gouver-
neurs heeft deze voorstellen in ougustus
bekrachtigd. ASAP is in het begin van het
najoor operationeel geworden, zodat ik bij
de presentatie van het initiatief tijdens de
-
päiscfie Rat Amsterdann (arm 16. und Ì 7.
Juni 1997) der EIB neue Aufgaben zur
Unterstützung der Wirtschaftstätigkeit über
tragen. Die Bank hat daraufhin ihr Amster
dam Sonderaktionsprogramm (ASAP) auf... ; ihre Darlehen im Rahmen des ASAP
dürften eine Hebelwirkung erzeugen und
Kofinanzierungen von fast 20 Mrd ECU
zugunsten des Privatsektors mobilisieren.
Nach Ablauf eines Jahres seit Einrichtung
des ASAP ist die EIB nun in der Lage, eine
Zwischenbilanz zu ziehen.
WIRKSAMER START IN DEN NEUEN
EINSCHALTUNGSBEREICHEN
BILDUNG UND GESUNDHEIT
Im Hinblick auf eine direktere Förderung der
EIB
nieuwe token toebedeeld ter ondersteu-
ning von de economische activiteit. De EIB
heeft toen hoor „Amsterdam Special
Acfion Progromme" (ASAP) opgezet, dot
door de Rood von Bewind op 21 juli... netwerken. Deze activiteit
komt bij de trodifionele verrichfingen von
de Bank, die in totool ongeveer 25 miljord
ecu per jaor oon kredieten verleent.
De kredieten von de EIB uit hoofde van
ASAP...
porticuliere sector kunnen mobiliseren.
No het eerste joor von ASAP kon de EIB
nu een tussenbolons von dit inifiofief
opmoken.
GOEDE START IN DE NIEUWE
SECTOREN ONDERWIJS
EN GEZONDHEID
minis
ters zochten naar nieuwe maat
regelen ten behoeve van werkgeie
genheid en economische groei, het
initiatief genomen van het Amster
dam Special Action Programme
(ASAP), zoals we eerder al... heeft in de afgelopen jaren ook
uit hoofde van ASAP plaatsgevonden.
Dit heeft nu min of meer het hoogte
punt bereikt en zal naar verwachting
niet sterk meer toenemen.
De activiteiten van de EIB... risicodragend kapi
taal dat onder ASAP is genomen, is
voor de EIB een revolutionaire stap.
Deze activiteit is pas twee jaar gele
den van start gegaan en nu al is de
EIB samen met het Europees
päötöslauselmaan kasvusta ja työllisyydestä käyn-
nistämöllö oman Amsterdamin toimintaohjelmamme (ASAP). Sen toteutus on hyvässä vauhdissa ja huomattavia rahoitusope-
roatioita on jo tehty...
TAPAHTUMAT 1997
• Kolmivuotisen ASAP-ohjelman
käynnistäminen seuraavien alojen
investointeihin; terveydenhuolto,
koulutus, ymparistonsuojelu jo
kaupunkiclueiden uudistcminen; uudet... toimintaohjel
man (ASAP) käynnistyksellä. EIP:n
yhteistyö pankkien ja yritysten kanssa
oll edelleen tiivistä ja käytössä olevlsto
lainoista 68 prosenttia myönnettiin yksi-
tyissektorille.
Alueellinen
Amsterdam Special Action Programme (ASAP). This is now well under way with substantial financing operations already con-
cluded in the areas of health and education and through α "special window... NVESTMENT BANK
1997 HIGHLIGHTS
• Launch of the three-year ASAP
aimed at investment in: health, edu-
cation, environmental protection and
urban renewal; new venture capital
facilities for high-growth... Council's Resolution on
Growth and Employment (June) with
the launch of the Bank's Amsterdam
Special Action Programme (ASAP).
The EIB maintained α strong level of
co-operation with banks and compa
Amsterdam Sonderaktionsprogramm
(ASAP) vorgelegt. Genauso hatten wir
zuvor die Vor-Beitritts-Fazilität für die
Beitrittsländer ausgearbeitet. Auch die
neue Darlehensfazilität über 600 Mio
EUR für die... , Finanzierungen gleichermaßen
in den immer noch unterentwickelten
Regionen und in den Übergangsgebie
ten, die für Zuschüsse künftig nicht
mehr in Betracht kommen, durchzu
führen.
Auch das ASAP hat... erst spä
ter kommen.
Mit den Wagniskapitaloperationen im
Rahmen des ASAP hat die EIB völliges
Neuland betreten. Diese Finanzierun
gen sind erst vor zwei Jahren ein
geführt worden, aber schon heute
of the second tranche of
500 million drawn from the Bank’s 1998 operat-
ing surplus, allocated to the Amsterdam Special
Action Programme (ASAP) reserve. The latter,
thereby increased to one billion... the 1997 ASAP decision
had restricted their eligibility to a period of
three years.
Also as a direct follow-up to the conclusions of
the Cologne European Council, the Governors
invited the Bank to step up... introduction of ASAP
(November 1997), the EIB has also been sup-
porting an increasing volume of health and
education sector projects in these areas (4%).
In Objective 2, 5(b) and 6 regions, i.e. those
wederom 500 miljoen uit
het bedrijfsresultaat van de Bank van 1998, dat
is overgeboekt naar de reserve voor het ASAP
(Amsterdam Special Action Programme). Deze
reserve beloopt nu 1 miljard en is bedoeld... -
heidszorg de Gouverneurs ertoe gebracht beide
sectoren in de normale activiteiten van de Bank
op te nemen. Het ASAP-besluit van 1997 had
kredietverlening in deze sectoren nog beperkt
tot een periode van drie... zij in deze regio’s sinds de in-
voering van ASAP (november 1997) steeds
meer projecten in de sectoren onderwijs en
gezondheidszorg gesteund (4%).
In de regio’s die vallen onder de doelstellin-
gen 2
- insbesondere im Bereich der Kapital-
beteiligungen - auszuweiten. In diesem Zusammen-
hang genehmigten die Gouverneure die Aufstockung
der ASAP-Reserve (Amsterdam Sonderaktions-
programm) um... , während nach dem ASAP-Beschluß von 1997 die
Förderwürdigkeit derartiger Vorhaben auf einen Zeit-
raum von drei Jahren begrenzt war.
Ebenfalls als unmittelbare Reaktion auf die Schluß-
folgerungen des... Umsetzung des ASAP im November 1997 Ope-
rationen im Bildungs- und im Gesundheitswesen
(4%), deren Gesamtvolumen stetig zugenommen
hat.
In den Ziel-2-, Ziel-5b- und Ziel-6-Gebieten (Gebie-
te, in denen eine
-
groeiende midden- en kleinbedrijf (MKB)
te ontwikkelen. De Bank heeft met hoor
„Amsterdam Special Action Pregromme"
(ASAP) voor de période tot eind 2000
op dit verzoek gereogeerd en heeft... -private partnerschappen
(PPP's) 4
De EIB kan nu onder ASAP ook inves
teringen von PPP's in de sectoren
gezondheid en onderwijs financieren.
- De EIB als instelling van de Europese
Gemeenschap 7...
worden verlengd om de schuldoflossing
beter ef te stemmen op de cashflow.
De ectieredius von het loket werd verruimd
ois onderdeel von het Amsterdam Special
Action Progromme (ASAP), dot
Under ASAP investing in
education and health was
about investing in
“hospitals and school
buildings to generate
employment”
h
Temporary and restricted
in geographic scope
h
… now widely