In the framework of its ERDF Eure and Seine-Maritime OP, the Normandy Region has positioned financial instruments on two types of schemes:- aid to companies in the territory — energy renovation of the building in view of market failures, prospective trends and regional strategy as reinforced in the regional innovation strategy and the Operational Programmes (OPs), shortcomings detected are as follows: — to stimulate innovation in the seed/creation/post-creation phases where financing is lacking, by strengthening companies’ own funds; — promote the development of enterprises, in particular SMEs, particularly industrial enterprises by supporting their growth projects and by ensuring the strengthening of their own funds/quasi-equity (leveraging effect on bank financing); anticipating the increase in business takeover needs and ensuring that decision-making centres are maintained; — support companies in redeployment for which access to credit is difficult. In view of the shortcomings, strategy and tools already in place, the regional investment strategy will be strengthened in terms of financial engineering instruments with:- maintenance of existing tools; — the creation of new tools/the abundance of existing tools to address identified deficiencies. This strategy helps to meet the needs of companies regardless of their sector of activity and the level of maturity. The new elements of this strategy aim in particular, in line with the regional strategy:- on the one hand to support innovative business start-up projects and projects for the development/transmission/redeployment of high-standard SMEs that will make the jobs of tomorrow; — on the other hand, to intervene rather in own funds/quasi own funds, the lack of which is a weak point for SMEs and which makes it possible to achieve a greater leverage on other sources of financing, in particular banks (to accompany the development of SMEs (OS 1.7): strengthening the growth of SMEs at different stages of their existence). In order to strengthen its economic development strategy, the Normandy Region has created a structure for the acquisition of equity in companies. This structure, called "NORMANDY PARTICIPATIONS, is complementary to the pre-existing tools and responds to the shortcomings found in Normandy territory. Its purpose shall be:- the contribution of equity and quasi-equity to companies, having their head office or an establishment in the Normandy region; — the management and administration of those holdings; — the investment of available funds; — participation, by all means, directly or indirectly, in any transactions which may relate to its object by means of the creation of new companies, the contribution, subscription or purchase of shares or social rights, mergers or otherwise. Its scope of action thus allows to support companies whose financial files are considered too risky for private financing actors to intervene on their own (return, start-up/innovation in particular). It is important to recall that the financing actors, even when partially abounded by public authorities, are mostly made up of private funds. Therefore, the criteria governing decisions are mainly focused on return on investment even if these investments are made in the territory.As such, the fund and the private co-investor partner will share:- the same risks; — the same level of subordination; — the same possibilities of remuneration and return on investment.