Presentation on theme: "1 JESSICA and EIB financing of Cities Working with the EIB Katowice, January 11 and 12, 2007 Frank Lee January 2007 THINK REGIONALLY AND ACT LOCALLY THINK."— Presentation transcript:
1 JESSICA and EIB financing of Cities Working with the EIB Katowice, January 11 and 12, 2007 Frank Lee January 2007 THINK REGIONALLY AND ACT LOCALLY THINK REGIONALLY AND ACT LOCALLY Towards More Resilient Cities Brian Field Urban Planning and Development Adviser European Investment Bank The Urban Dimension of Cohesion Policy European Week of Cities and Regions Open Days Brussels, 11th October 2011
2 PLANNING, SUSTAINABILITY & THE URBAN AGENDA Sustainable development has finally moved from the periphery to the mainstream of the urban agenda.
3 THE LEIPZIG CHARTER SUSTAINABLE COMMUNITIES Innovation and education policies High quality public spaces Infrastructure networks and energy efficiency Regenerate deprived neighbourhoods Improve physical environment Training for children and the young Local economy and labour market policies Efficient affordable transport
4 INVESTMENT IN SUSTAINABLE COMMUNITIES SUSTAINABLE COMMUNITIES INFRASTRUCTURE KNOWLEDGE ENVIRONMENT REAL ESTATE LOGISTICS TANGIBLE INTANGIBLE DEMOGRAPHIC SOCIAL SKILLS CITY ASSETS
5 OVERCOMING FRAGMENTATION INTEGRATED PLANNING An integrated approach to urban development for the effective improvement in the socio-economic conditions of regions requires the identification of cooperating elements of infrastructure investments with the evolution of social capital that should be developed simultaneously in the areas where applied.
6 THE BANK RESPONSE An Implicit Action Plan for Cities Traditional Lending Structured Finance Financial Engineering Technical Assistance Networking/Partnering Targeted investment in more sustainable urban regeneration and renewal
7 Technical Assistance. Provide technical support to prepare bankable projects, e.g. JASPERS, ELENA etc. THE FOUR KEY ELEMENTS Traditional Lending. Increase lending by encouraging greater use of framework and global loans, as well as project- specific investment loans. Financial Engineering. Support the use of new financial instruments such as JESSICA and JEREMIE. Structured Finance. Taking more risk by extending the scope of the Banks Structured Finance Facility (SFF) to include urban investments.
8 8 A project assessment with many facets SUSTAINABLE PROJECTS The EIBs « three pillars » Eligibility = consistency with EU priorities Technical quality and economic soundness Financial viability and adequate security Complies with EU procurement and environmental and social protocols
9 FLEXIBILITY & RESILIENCE The sustainable cities paradigm increasingly includes much stronger emphasis on the concept of resilience, i.e. the ability of cities and city systems to respond and/or rebound quickly from global shock and other unforeseen eventualities.
10 PRINCIPLES FOR RESILIENT CITIES Resilient cities are prepared, i.e. they are able to attract long-term investors who can continue to build value over the long-term as they adjust and succeed in changing environments. The debate has focussed on the twin track of continuity and adaptability, where continuity relates to a citys ability to avoid and manage major shocks while adaptability constitutes a citys ability to respond to major trends while spreading and managing their risks.
11 COMMUNITIES, GOVERNANCE & LEADERSHIP Truly sustainable and resilient cities and communities will be those where informed political leadership and municipal governance are accompanied by a balanced approach to environmental, economic and social well- being.
12 THE COMPETITIVE CITY CIRCUS Two themes appear to permeate the resilience debate and have obviously informed policy-makers, i.e. an economic imperative for cities to compete in what is fast becoming something of a circus, and the perceived importance of big/mega projects often designed by signature architects (so-called global destination projects). City leaders need to avoid an ill-considered rush to compete and, when eventually doing so, should focus on their comparative advantage and give priority to investment in projects that differentiate their offer from that of their competitors.
13 COMMUNITIES MATTER The sustainability and resilience debate is not just about economic advantage, even when tempered with a slick gloss of eco-branding, its about communities. Its about changing the way people and societies behave. The sustainability debate ignores the societal content at its peril. Sustainable cities need sustainable communities, and to engage communities in the sustainability agenda, people need to feel involved and have a genuine say in decision-making. Astute leaders will ensure that they do so.
14 THINK REGIONALLY AND ACT LOCALLY Resilience will be founded, as it always has been in the past, upon strength and quality of political leadership, and the collective, mutually supportive response of urban communities and neighbourhoods, and this will flow directly from new and emerging governance structures which genuinely involve everybody in setting the agenda…(after Charlie Hughes of Smart Futures, The Future Cities Forum, December 2010).
15 EIB CONTACT INFORMATION EIB CONTACT INFORMATION Brian G. Field Urban Planning and Development Adviser European Investment Bank 100 boulevard Konrad Adenauer L-2950 Luxembourg Tel: Fax: