JESSICA: Joint European Support for Sustainable Investment in City Areas

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Short description: 
JESSICA is an initiative of the European Commission developed in co-operation with the European Investment Bank and the Council of Europe Development Bank. It supports sustainable urban development and regeneration through financial engineering mechanisms.
Description: 

Integrated, sustainable urban-renewal projects are supported through JESSICA (Joint European Support for Sustainable Investment in City Areas). A range of sophisticated financial tools are used including equity investments, loans and guarantees, offering new opportunities for the use of EU Structural Funds. 

The main benefits of 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 public-private partnerships and other urban development projects with a focus on sustainability/recyclability.
  • To use financial and managerial expertise from international financial institutions such as the EIB

MORE: EIB Link [English, German, French] 

MORE: JESSICA, A new way of using EU funding to promote sustainable investments and growth in urban areas ( bg cs de el en es fr hu it lt nl pl pt ro sk sl)

Resource link: 
https://ec.europa.eu/regional_policy/en/funding/special-support-instruments/jess…
Language: 
Bulgarian
Croatian
English
French
German
Greek
Italian
Latvian
Polish
Portuguese
Romanian
Slovak
Slovene
Spanish
Topics: 
Buildings
District Heating/Cooling
Energy Management
Energy Efficiency/Saving
Financing
Resource category: 
EU Financing Initiative