As part of the implementation of the European funds for the period 2014-2020, all regions carried out an "ex-ante evaluation to identify the financing needs of companies not covered or poorly covered by the regional offer and to set the level of allocation for each financial instrument, all of which should be part of a financial engineering strategy.While financial engineering is defined by support for non-grant enterprises, grants, on the other hand, continue to be part of the intervention tools of the Region.When drawing up European programmes, the European Commission has strongly encouraged the Regions to implement financial engineering instruments on at least 15 % of the ERDF. More than 50 Norman SMEs, incubators, business support structures, institutional finance, financial operators and business sector associations were consulted in this context. Thus, the Plenary Assembly of December 2014 adopted a financial engineering strategy for the Low-Norman Territory for the period 2014-2020 to give companies the ability to conquer new markets, innovate, export, develop skilled employment. The most effective type of intervention to achieve this growth is high-balance sheet intervention (equity and quasi-equity) and loan guarantee. It was therefore proposed that: — the creation of a generalist large equity fund involved in the creation, development and transfer of undertakings; — amplification of support for quasi-equity schemes and of our Guarantee Funds (FRG for Enterprises, FAG for the SSE), allowing account to be taken of the cultural reluctance of certain entrepreneurs to open their capital. Also, the Region’s financial engineering strategy is based on four tools:- the Region’s own devices (Impulsion Development, etc.); — the arrangements shared with Bpifrance (Regional Guarantee Fund, Regional Innovation Fund,...); — the establishment of a generalist regional co-investment fund at the Normandy level. Support for business development is a key factor in creating and sustaining skilled jobs in Normandy. The possibility of conquering new markets may sometimes be hampered by the firm’s cash flow difficulties which do not allow it to carry out quick tangible and/or intangible investments. Finally, in order to address the environmental challenges of the future, companies are undertaking programs related to the control of environmental impacts, energy efficiency and, in particular, ecodesign. In this context, the Region proposes the “Impulsion Development” scheme, which aims to support the company during a key phase of its growth. The financial support is in the form of a zero-rate loan with deferred repayment at a nominal rate of 25 % of eligible expenditure, which complements the company’s financing plan obtained from its banking partners.