JESSICA and Investment Funds
“Urban infrastructure and mobility in the context of European
transformation”
Eugenio Leanza
JESSICA and Investment Funds
European Investment Bank
Gdańsk, 17 June 2013
European Investment Bank
Increased opportunities for DFI
2007-2013
2014-2020
More
funds
Revolving use of Structural Funds
Revolving use of ESIF*
€ 10bn
€ 30 bn – €40 bn
More
sources
DGREGIO
ESIF*
+ Domestic Resources
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clients
More
sectors
More
Incentives
*
+ DGAGRI + DGMARE + Cohesion Funds
+ Increased Domestic Resources
60 MAs (Activated up to now)
Up to 300 MAs + Cities
11 Thematic Objectives
+
Multi Thematic Priorities
3 Areas of activity
(SMEs, Urban, Energy)
Fixed EU Co-financing share
+ DGREGIO + DGEMPL
Discounted Co-financing
Co-financing and in kind contribution
No Co-financing if centrally managed by the EC
ESIF = European Structural and Investment Funds
European Investment Bank
2
What is the potential from DFI resources for EIB group?
Exp. Market Breakdown (€ 30bn - €
45bn)
Market Breakdown (€ 10bn)
2007-2013
2014-2020
35%
65%
Market Shares
EIB Group
EIF (JEREMIE)
€ 1.2bn
a. 20%
EIB (JESSICA)
€ 1.8bn
a. 90%
European Investment Bank
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EIB: JESSICA intervention to date
European Investment Bank
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JESSICA in Poland – key facts
Areas of intervention / Holding Fund
Urban regeneration
Wielkopolska
Westpomerania
Pomerania
Silesia
Mazovia
✔
✔
✔
✔
✔
Energy efficiency
Business environment enhancement
✔
European Investment Bank
✔
✔
✔
✔
5
JESSICA projects in Poland
European Investment Bank
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First PPP financed by JESSICA: railway station in Sopot
European Investment Bank
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EU Programming Period 2014-2020: JESSICA Evaluation Study
for 9 Polish Regions
European Investment Bank
8
EIB lending support for Poland – Transport sector (2012)
European Investment Bank
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Lessons learned from EIB experience – importance of
regeneration of railway stations (e.g. Grandi Stazioni)
Key functions:

Main transport hub of the city, both for people coming
to it and moving around it

Mobility centre

Core of the future Smart City

Regeneration of railway stations as a driver for city
regeneration

A business with high economic potential

An attraction point for the city

Able to offer quality services and opportunities to pass
the time

New role to play in the urban concept
The area around the railway station is the “hub” for ICT, R&D and mobility from which to plan the
strategy for the adoption of Smart City solutions for the transformation of downtown and
metropolitan centres.
European Investment Bank
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How to structure DFI Products in the next programming period
National Managing Authorities
EIB JESSICA services
• Fund and structuring services (FSS)
• Holding Fund (HF)
• Middle Office (MO)
Strategy options for DFI utilisation:
i.
ii.
iii.
iv.
National dedicated Priority Axis (mono-/multi-thematic)
Regional dedicated Priority Axis (mono-/multi-thematic)
Integrated Territorial Investment Strategy (urban/local-based)
Priority Axis for Financial Engineering Instruments (national/regional)
S t a n d a r d
Competitive/Smart City
11 Thematic
objectives
Priority area
targets
1.
2.
3.
4.
5.
ICT
RDI
Public Administration
Education and training
Sustainable transport
F u n d / P r o d u c t
Energy Efficient City
6.
7.
8.
Climate Change
Environmental protection
Low-carbon economy
+ Optional thematic objectives
+ Optional thematic objectives
High growth/innovation
metropolitan poles
Eastern and Northern
European countries
T y p o l o g y
Resilient/Social communities
9.
Competitiveness of SMEs
&…
10. Employment
11. Social inclusion
+ Optional thematic objectives
Problematic/high
unemployment urban areas
European Investment Bank
Rural investment product
9.
… agricultural sector
+ Optional thematic objectives
Rural areas
11
JESSICA Activity and Market Segments Spectrum
Medium Potential
Blending / Funded Products
Asset Leveraged Funds
e.g. smart city funds
Institutional Presence
European Investment Bank
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Contact
JESSICA and Investment Funds
European Investment Bank
98-100 Boulevard Konrad Adenauer, L-2950 Luxembourg
www.eib.org/jessica
Eugenio LEANZA
Head of Division
Phone: (+352) 4379 - 83060
Email: e.leanza@eib.org
European Investment Bank