01703nas a2200145 4500008004100000022002200041245006000063210006000123260004000183300001400223520107500237653013401312100001801446856009301464 2024 eng d a978 1 80220 939 600aFinancial engineering instruments for urban investments0 aFinancial engineering instruments for urban investments aCheltenhambEdward Elgar Publishing a145–1603 a

Financial instruments under Cohesion Policy (CP) are increasingly identified as a more efficient and sustainable alternative to complement traditional grant-based financial support. They are essential in triggering investments characterised by revenue-generating and cost-saving activities. The chapter presents the use of financial instruments for sustainable urban development. In the face of increasing urban needs and budgetary constraints, any measures which maximise private investments, coupled with limited public spending, while contributing to the achievement of the CP objectives of economic, social and territorial cohesion were widely welcomed. Using the Joint European Support for Investments in City Areas (JESSICA) initiative, the chapter outlines a regulatory framework for allocating CP funds to urban development funds. It describes the institutional and administrative system of JESSICA and discusses the experience gained through the implementation of this initiative, paying attention to both significant opportunities and some shortcomings.

10aFinancial instruments; JESSICA initiative; Sustainable urban development; Holding fund; Revolving mechanism; Managing authorities1 aIdczak, Piotr uhttps://www.elgaronline.com/edcollchap/book/9781802209402/book-part-9781802209402-21.xml02358nam a2200253 4500008004100000020001800041245011800059210006900177260003100246300001000277520154600287653002001833653000701853653001301860653002601873653001201899653001101911653002201922653001701944653002301961100001801984700002302002856007902025 2022 eng d a978311076219800aFinancial Engineering in Sustainable Funding of Urban Development in the EU Reflections on the JESSICA Initiative0 aFinancial Engineering in Sustainable Funding of Urban Developmen aBerlin/ BostonbDe Gruyter a1-2433 aThis theoretically rooted and research-based book provides insights on the JESSICA funding model which – unlike the traditional non-repayable aid – focuses on supporting sustainable urban development projects in a repayable and recyclable way. Looking through the lens of the JESSICA financial engineering mechanism used in urban transformation, it examines the functioning and performance thereof and formulates policy recommendations for the future. The aim of this volume is to contribute to a deeper understanding of the JESSICA sustainable funding model by exploring its repayable assistance mechanism to support sustainable urban development projects. The authors make several noteworthy contributions to the literature on EU cohesion policy and shed light on the use of the repayable instruments within public interventions, while providing, for the first time, a critical analysis of the JESSICA sustainable funding model from the holistic perspective which is especially relevant for supporting sustainable urban development. Financial Engineering in Sustainable Funding of Urban Development in the EU provides policy-significant findings that are important for EU cohesion policy in the field of repayable assistance to be reinvested in the long term in urban and regional transformation. Includes an in-depth exploration of the particular aspects of EU cohesion policy Provides theoretical discussion and empirics illustrated by figures and maps. Contributors are experts, representing policy-oriented and academic research.10acohesion policy10aEU10aEU funds10afinancial engineering10aJESSICA10aPoland10aurban development10aurban policy10aurban regeneration1 aIdczak, Piotr1 aMusiałkowska, Ida uhttps://www.degruyter.com/document/doi/10.1515/9783110762198/html#overview03426nas a2200373 4500008004100000022002300041245009600064210006900160260001200229300001200241490000600253520230100259100002202560700002102582700002002603700002102623700003302644700001902677700001802696700003002714700002002744700001802764700002402782700001802806700002202824700001802846700001902864700002002883700001702903700002002920700001802940700002502958856006902983 2015 eng d a2168-1376 (Online)00aFuture research on European Union Cohesion Policy: a Master Class during the OPEN DAYS 20140 aFuture research on European Union Cohesion Policy a Master Class c03/2015 a184-2030 v23 a

Between 6 and 8 October 2014, the 12th European Week of Regions and Cities – OPEN DAYS – hosted an early career Master Class for the second time, aiming to improve understanding of European Union (EU) Cohesion Policy and its research potential. Organized by the European Commission’s DG for Regional and Urban Policy (DGREGIO), the Committee of the Regions (CoR) and the Regional Studies Association (RSA), the Master Class brought together 29 doctoral students and early career researchers from 15 EU member states and three non-EU countries.

The evaluation of the Master Class by participants and lecturers revealed a high level of satisfaction with the networking opportunities provided. The World Café session coordinated by John Bachtler from the Strathclyde University received the highest appreciation. As a result of the latter, participants of the Master Class summarized their views on different aspects in the five subsequent articles. Marius Guderjan, Alba Smeriglio and Myrto Tourtouri look into the policy and research challenges for EU Cohesion Policy for the years to come. Neculai-Cristian Surubaru, Koen Salemink, Piotr Idczak and Christian Kjær Monsson discuss the components of administrative capacity, the elements that affect it and instruments that may help improve it. Also with regard to administrative capacity-building for the management of the EU Structural and Investment Funds, Hunor Bajtalan, Chiara Garau, Mariana Soultanova and Alessia Usai propose a stronger research focus on possibilities to reduce political intervention in public administrations and on the role civil society organizations can play in this respect. Finally, two articles focus on research challenges concerning the ‘European Territorial Cooperation’ objective of EU Cohesion Policy, also known as ‘Interreg’. Eduardo Medeiros, Tomasz Szulc and Marco Trienes suggest concentrating on the development of typologies of border regions, the need for a longer-term cross-border planning process, and the use of territorial impact assessment instruments, while Annika Jaansoo, Emily Lange, Gökhan Yalcin, Gordon Modro and Jean-Marc Venineaux develop a list of issues reflecting on ‘capacity and governance’

1 aPetzold, Wolfgang1 aGuderjan, Marius1 aSmeriglio, Alba1 aTourtouri, Myrto1 aSurubaru, Neculai-, Cristian1 aSalemink, Koen1 aIdczak, Piotr1 aMonsson, Christian, Kjær1 aBajtalan, Hunor1 aGarau, Chiara1 aSoultanova, Mariana1 aUsai, Alessia1 aMedeiros, Eduardo1 aSzulc, Tomasz1 aTrienes, Marco1 aJaansoo, Annika1 aLange, Emily1 aYalcin, Gökhan1 aModro, Gordon1 aVenineaux, Jean-Marc uhttp://rsa.tandfonline.com/doi/pdf/10.1080/21681376.2015.1013151no socket