Is the JESSICA initiative truly repayable instrument? The Polish case study

TitleIs the JESSICA initiative truly repayable instrument? The Polish case study
Publication TypeJournal Article
Year of Publication2018
AuthorsMusiałkowska, Ida, and Idczak Piotr
JournalPrace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu
Issue536
Start Page142
Pagination142-151
Date Published04/2019
ISSN2392-0041
KeywordsJESSICA; regeneration; revenue-generating projects; Cohesion Policy, Poland
Abstract

The JESSICA initiative introduced under the EU Cohesion Policy as revolving instrument, aimed at the regeneration processes and sustainable development of the cities. One of its main assumptions was to increase efficiency and effectiveness of the projects supported by JESSICA. The paper aims to identify whether all the projects implemented in Poland in the years 2007-2015 bring revenue and whether there is a relationship between the amount of the JESSICA loans/projects and the legal form of beneficiaries. The Polish case study based on the analysis of all the projects implemented in the five regions reveals that not all the projects bring revenues from their main operations. The legal form of a beneficiary plays also an important role with regard to the size of the loan/the value of the projects and determines a type of the results (economic, social) achieved by the projects. Thus, the recommendations for policy-makers responsible for the implementation of JESSICA 2 can be formulated.

URLhttps://www.dbc.wroc.pl/dlibra/publication/109385/edition/61927/content?ref=L2NvbGxlY3Rpb25kZXNjcmlwdGlvbi8yNTQ
DOI10.15611/pn.2018.536.13
Refereed DesignationRefereed