Gemeente Den Haag 1 Financial Instruments in The Hague.
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Gemeente Den Haag 1 Financial Instruments in The Hague
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Transcript of Gemeente Den Haag 1 Financial Instruments in The Hague.
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Financial Instrumentsin The Hague
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Investment Plan / Local Action Plan
• Close relation with our ERDF programming.
• Building on existing investment strategy
• Same decision making structure as with ERDF plus extra group for cofinancing
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Leningen en terugbetalingen
EFRO
Europese Commissie
Den Haag
Holding Fonds Den Haag
Investeringscomité
UDF ED UDF FRED Andere fondsenStartersfonds / Security
Managementautoriteit Kansen voor West
Mix van projecten Mix van projecten
Cofinanciering (Gemeente Den Haag)
Return on investment
Potentiële investeerders
Stichting managing partner ED/FRED
CV ED
CV FRED
Fondsmanager
Adviesraad
EU aanbesteding
Commanditaire vennoot
Return on investment
Structure
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© ERAC, 2013
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In Investment Committee / Steering group
• Jessica Holding fund manager• Chamber of commerce• Representatives from SME’s• Representative from higher education• Directors of different city departments• Managing authority• Ministry of Interior and Kingdom Relations• Chair: Vice-mayor city of The Hague
Involved persons Holding Fund
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In Cofinancing Group
• Jessica fund manager• Managing authority• Project developers• Local stock market• Representatives from banks• Urban development department• Financial department • Chair: Holding fund manager
Involved persons Holding Fund
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Expected result
• Continuously updated investment strategy linked to the ERDF and other EU programms
• Acces to / Plan for public and private cofinances on project and / or Jessica fund level
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We consider
• Jessica fund for tourism• Jessica fund for energy efficiency in housing • Proof of concept / Launching customer funds• New ERDF money in the two existing
Jessica funds
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Investment Committee
• Independent Chair• Director Urban Development Department• Head of City Finance Department• Open for new investors…..
Project advise Committee
• Policy advisor Urban Development and Finance Department
Involved persons both Jessica Funds
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Pipeline Development
• Within the city. (They find us)• Via the cofinancing group• Via accountmanagers from urban development
department• Our “own” city (energy) projects are not successful
yet
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Project selection
• Project must fit in and contribute to ERDF program.• Project must fit in the urban investment strategy.
• Final say independent fund manager• Financial decision based on the business case• Mix of long and short term loans, equity and
guarantees
Selection criteria
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Contactgegevens
Ton Overmeire
Programmabureau Europese Fondsen Den Haag
T 070 353 41 81
