Iniciativa JESSICA – Financiamento de Projectos Sustentáveis de Reabilitação Urbana

Nuno Vitorino16 Nov 2010

JESSICA Initiative in Portugal: Strategic Decisions, Governance and Perspectives

Jessica Networking Platform28 June 2011

Nuno VitorinoJHFP General Secretary

1. Major Strategic and Structural Decision: A Single, Multi-Operational Programme Holding Fund

Why?

> NSRF Rationale

> Coherence with National Urban Policy

> Efficiency and Effectiveness

Operational Agendas

Thematic OPs Regional OPs

Competitive-ness

Factors

Human Potential

Territorial Enhancement

Convergence

Phasing Out

Competiti-veness

Human Potential

Competitiveness Factors

Territorial Enhancement

National Urban Policy

Thematic OPs Regional OPs

Competitive-ness

Factors

Human Potential

Territorial Enhancement

Convergence

Phasing Out

Competiti-veness

Urban Regeneration Partnerships

Competitiveness and Innovation Urban Networks

Innovative Urban Solutions

Efficiency and Effectiveness

> A single, coherent, investment strategy> A common UDF selection procedure> Increased competition ... Better offers> Flexible use of matching funds> Lower, shared, HF management costs> One stop shop for UDF managers> A common communication plan

JESSICA Holding

Fund Portugal

130 Million €

JESSICA Holding

Fund Portugal

130 Million €

JESSICA UDFs Norte & Alentejo

JESSICA UDFs Norte & Alentejo

JESSICA UDFs Centro

& Convergence

Regions

JESSICA UDFs Centro

& Convergence

Regions

JESSICA UDFs Lisboa & Algarve

JESSICA UDFs Lisboa & Algarve

Additional Matching

Funds

Additional Matching

Funds

Regional Operational Programmes:Norte OP – 30 M€Centro OP – 20 M€Lisboa OP - 5 M€Alentejo OP – 10 M€Algarve OP – 5 M€

Thematic Operational Programme:Territorial Enhancement OP – 30 M€

Matching Funds:Portuguese Treasury (DGTF) – 30 M€

Regional Operational Programmes:Norte OP – 30 M€Centro OP – 20 M€Lisboa OP - 5 M€Alentejo OP – 10 M€Algarve OP – 5 M€

Thematic Operational Programme:Territorial Enhancement OP – 30 M€

Matching Funds:Portuguese Treasury (DGTF) – 30 M€

2. Governance Major Dimensions:

> JHFP Investment Board

> EIB

> UDF Management

> Timetable

Portuguese GovernmentPortuguese Government EC DG REGIOEC DG REGIO

OP Managing Authorities

OP Managing Authorities

OP Managing Authorities

OP Managing Authorities

OP Managing Authorities

OP Managing Authorities

Regional Development

Financial Agency

Regional Development

Financial Agency

OP MAs Coordinator

OP MAs Coordinator

JHFP Investment

Board

JHFP Investment

Board

JHFP Secretary General

JHFP Secretary General

EIB Local HF Officer

EIB Local HF Officer

EIB Local Legal / Technical

Experts

EIB Local Legal / Technical

Experts

EIB Head South Europe

EIB Head South Europe

EIB Legal, Technical and Administrative ServicesEIB Legal, Technical and Administrative Services

UDFsUDFsUDFsUDFs

UDFsUDFs

Iniciativa JESSICA – Financiamento de Projectos Sustentáveis de Reabilitação Urbana

Nuno Vitorino16 Nov 2010

Iniciativa JESSICA – Financiamento de Projectos Sustentáveis de Reabilitação Urbana

Nuno Vitorino16 Nov 2010

> Rating

> Eligibility

> State Aid

> Revolving Resources

> Reporting Obligations and Timetable

> Rating

> Eligibility

> State Aid

> Revolving Resources

> Reporting Obligations and Timetable

3. Future Perspectives:

> 2007-2013: UDF Full Implementation -> Urban Projects Funding

> Post-2013 Period: Issues, Challenges, Approaches

Iniciativa JESSICA – Financiamento de Projectos Sustentáveis de Reabilitação Urbana

Nuno Vitorino16 Nov 2010

> Sustained Population Growth, notably Urban Population Growth

> Concentration in Cities of (positive and negative) Economic and Social Dynamics

> Increasing Responsibility of Cities (and Cities Networks) on Territorial Structuring and Competitiveness

> Growing Economic Value of Urban Assets, often Demanding Rehabilitation

> Sustained Population Growth, notably Urban Population Growth

> Concentration in Cities of (positive and negative) Economic and Social Dynamics

> Increasing Responsibility of Cities (and Cities Networks) on Territorial Structuring and Competitiveness

> Growing Economic Value of Urban Assets, often Demanding Rehabilitation

Urban Challeng

es

Globalization

Geography

Security

Communications

Technology

Environment

Natural Resources

Energy

Innovation

Competitivity

Values System

Budget & Finances

Fiscality

Social Inclusion

Jobs

DemographyDemography

Iniciativa JESSICA – Financiamento de Projectos Sustentáveis de Reabilitação Urbana

Nuno Vitorino16 Nov 2010

EU2020: Smart, Sustainable and Inclusive GrowthEU2020: Smart, Sustainable and Inclusive Growth

EU Cohesion Policy Challenges:

> Environment & Sustainability

> Jobs & Inclusion

> Education & Research

> Innovation & Competitiveness

EU Cohesion Policy Challenges:

> Environment & Sustainability

> Jobs & Inclusion

> Education & Research

> Innovation & Competitiveness

EU Budget Review:

> Highly probably reduction of EU Cohesion Policy share

EU Budget Review:

> Highly probably reduction of EU Cohesion Policy share

EU Cohesion Policy Urban Dimension

EU Cohesion Policy Urban Dimension

Iniciativa JESSICA – Financiamento de Projectos Sustentáveis de Reabilitação Urbana

Nuno Vitorino16 Nov 2010

Shared Management

Urban Development Partnerships + Integrated Funding

Shared Management

Urban Development Partnerships + Integrated Funding

EU CommissionEU Commission Member StatesMember States EIBEIB

Grant-based Financing

Grant-based Financing Fiscal IncentivesFiscal Incentives

Financial Engineering Instruments

Financial Engineering Instruments

Territorial Scale for Urban Development Partnerships ?Territorial Scale for Urban

Development Partnerships ? Urban Governance ?Urban Governance ?

Iniciativa JESSICA – Financiamento de Projectos Sustentáveis de Reabilitação Urbana

Nuno Vitorino16 Nov 2010