JESSICA - Northwest Urban Investment Fund Launched In Northwest England

Date: 
Tue, 22/12/2009

On 11 December 2009 JESSICA, (Joint European Support for Sustainable Investment in City Areas), a new £100m fund to finance urban development projects across the Northwest of England was launched. JESSICA is an initiative of the Commission in cooperation with the European Investment Bank (EIB) and the Council of Europe Development Bank (CEB), in order to promote sustainable investment, and growth and jobs, in Europe’s urban areas.
JESSICA offers the managing authorities of Structural Fundsi programmes the possibility to take advantage of outside expertise and to have greater access to loan capital for the purpose of promoting urban development, including loans for social housing where appropriate. Where a managing authorityi wishes to participate under the JESSICA framework, it would contribute resources from the programme, while the EIB, other international financial institutions, private banks and investors would contribute additional loan or equity capital as appropriate. For further information please visit: £100 Million Boost for Urban Regeneration in England's Northwest
You can also download the Northwest Urban Investment Fund information sheet here: Northwest Urban Investment Fund