Our Project
Urban Development Funds (UDFs) foreseen in the JESSICA initiative for integrated plans for sustainable urban development
Urban Development Funds (UDFs) foreseen in the JESSICA initiative invest in PPP and other projects included in an integrated plan for sustainable urban development. The role of cities in JESSICA is essential: they develop strategies and integrated plans for sustainable urban development; identify/design projects/plans capable of mobilising JESSICA funding; implement projects/investments supported by JESSICA. Objective of the WG is to determine, in close cooperation with EIB, how in practice European cities can draw the maximum benefit from UDF and JESSICA and conversely how the implementation of JESSICA can be structured having regard to existing Structural Fund regulations to best accommodate the needs of cities.
Financial Engeeniring for Urban Development
Challenges
On the basis of the results of the review of local problems and processes, the aim of the WG activity is to develop a “JESSICA Toolbox for Cities” to assist with the achievement of the main objective of the WG, namely to enable cities to use effectively opportunities offered by JESSICA to attain sustainable development outcomes and indicate to Managing Authorities and other relevant parties how to best structure JESSICA to benefit cities. This means that WG Partners must develop a thorough understanding of the procedures to develop through the urban investment cycle suitable strategies, integrated plans, projects and project portfolios and co-operate with MA’s to incorporate them into the relevant OPs and fund them through the JESSICA instrument.
Key point of focus
A word from the lead partner
What motivates you to be part of the URBACT adventure ?
Who would you like to benefit from the work achieved in your project?