10172_JESSICA & the European Investment Bank

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Matthias Kollatz-AhnenVice-President , European Investment Bank

Creative Urban Places for Competitiveness

Faro, 18th October 2007

JESSICAJESSICA

&&The European Investment BankThe European Investment Bank


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THE LEIPZIG CHARTER

SUSTAINABLE

COMMUNITIES

Innovation andeducationpolicies

High qualitypublic spaces

Infrastructurenetworks and

energy efficiency

Regeneratedeprived

neighbourhoods

Improvephysical

environment

Training for

children and theyoung

Local economyand labour

market policies

Efficient

affordabletransport


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3

INVESTMENT INSUSTAINABLE COMMUNITIES

SUSTAINABLE

COMMUNITIES

INFRASTRUCTURE KNOWLEDGE

ENVIRONMENT

REAL ESTATE

LOGISTICS

TANGIBLE INTANGIBLE

DEMOGRAPHIC

SOCIAL

SKILLS

CITY ASSETS


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JESSICA COMPONENTS

HF

Manager

HF

Manager

European Commission

ERDF DG Regio

European Commission

ERDF DG Regio

Managing AuthorityManaging Authority

EU

Level

National/or

regionalLevel

Holding Fund ( HF )Holding Fund ( HF )

Urban Development

Funds

Urban Development

Funds

N

ational/regional

/LocalLevel

Reg

ional/Local

Level

Projects Sustainable UrbanDevelopment Plan

Programming AuthorityProgramming Authority


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EIB APPROACH TO URBANTRANSFORMATION

An integrative approach, covering:

- urban renewal (and development):

infrastructure & environmental

social housing cultural heritage, etc.

- urban transport;

- related public services infrastructure (health,education, water & wastewater, utilities);

- energy efficiency.


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EIB REQUIREMENTS FOR URBANRENEWAL/REGENERATION PROJECTS

Part of a local or regional strategy- urban renewal/regeneration plan- sectoral (integrated) plan for transport, water, etc.

Adequate technical definition, supported by cleardemand, economically sound and financiallysustainable

Promoting the sustainability of local communities

Decentralised approach


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JESSICA

Joint European Support for Sustainable Investmentin City Areas

Initiative of the European Commission (DG REGIO)launched at end of 2005, and supported by EIB.

Applying financial engineering techniques to EUStructural FundsRevolving Funds for the Member States

Leveraging Effects


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WHY JESSICA?

To make Structural Fund support more efficient and

effective by using non-grant financial instruments,

thus creating stronger incentives for successful

project implementation.

To mobilise additional financial resources for PPPs

and other urban development projects with a focus on

sustainability/recyclability.

To utilise financial and managerial expertise from

international financial institutions such as EIB.


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HOW IS EIB CONTRIBUTING TO JESSICA?

EIB taking a leading role, alongside DGREGIO, in

promoting and developing JESSICA.

Providing complementary loan financing.

Technical assistance and dissemination of bestpractice, based on established expertise in lending tourban renewal/regenerations projects across the EU.

Regulations specifically provide for EIB to act as aHolding Fund Manager (on a not-for-profit basis).


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JESSICA THE SYNERGIES

Leverage

Integration

Re-use of funds

Cross subsiding


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OVERCOMING FRAGMENTATIONIN URBAN REGENERATION

Source: PriceWaterhouse Coopers

Activity

Land acquisition and assembly

Infrastructure investment

Public Realm development

Commercial Development

Residential - Private

Residential - Social

Residential Key Worker and Affordable

Operation and Management ????

Public Sector Grant

Private IntegratedPartnership

Public

Traditional Approach New Approach

RSL / Public

Public

Public

Private

Activity

Land acquisition and assembly

Infrastructure investment

Public Realm development

Commercial Development

Residential - Private

Residential - Social

Residential Key Worker and Affordable

Operation and Management ????

Public Sector Grant

Private IntegratedPartnership

Public

Traditional Approach New Approach

RSL / Public

Public

Public

Private


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JESSICA NEXT STEPS

Clarify and streamline.

Simplify procedures to facilitate embedding Jessicain the Operational Programmes

Develop Urban Development Funds. Assist MS in identifying/developing Urban Development

Funds in the various countries

Develop Jessicable projects.

Assist MS/MA/UDF in developing a portfolio of Jessicableprojects excellent and sustainable urban

transformation Example: Energy Efficiency or Cogeneration may be part

of projects

Support the Establishment of a European market

for Urban Regeneration Operators


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www.eib.org

EIBEIB CONTACTCONTACT INFORMATIONINFORMATION

EIB JESSICAEIB JESSICAEIB JESSICAEIB JESSICA TaskTaskTaskTask ForceForceForceForce

European Investment Bank100, Bvd. Konrad Adenauer

L-2950 Luxembourg

Tel.: +352 4379 3069Fax.: +352 4379 3099

E-mail :[email protected]

10172_JESSICA & the European Investment Bank

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