CSI Europe Kick Off Meeting, Manchester

1. CSI EuropeKick Off Meeting, Manchester Sir Richard Leese, Leader, Manchester City Council 12th June 2012

2. CSI EuropeKick Off Meeting, Manchester Paul Evans, Project Manager 12th June 2012

3. CSI Europe • Aim of the network • Background • The Lead Partner • The Development Phase • The Implementation Phase

4. Aim of Network “The Network will focus on the involvement of cities in Urban Development Fund (UDF) structures and the way these instruments can be more effectively embedded in future city planning and governance. It will also strive to demonstrate the role that financial instruments can play in efficiently planning, progressing and administering urban development priorities, particularly in the context of the current economic and financial crisis.” ????????????????????????? We want to make Financial Instruments work for cities

5. Background • NW JESSICA programme • Manchester led Evergreen scheme for the North West of England • Successful model • Close relationship with European Investment Bank • Jessica 4 Cities project

6. The lead partner • Lead Partner • Project Manager – Paul Evans • Project Co-ordinator and Communication – Karen Findley • Project Co-ordinator and Finance – • Gina Twigg • Project Finance – Gerry Scappaticci • Lead Expert • Des Gardner • Supported by Emily Smith (EIB)

7. The Development Phase • Three key outputs: • State of the Art • Partner profiles • The Synthesis • Expanding the network • 8-12 cities • Must have Competitiveness and Convergence balance • Vilnius, Budapest, Lyon, Leipzig, Gothenburg, Wales • BUDGET! • The Final Application – 31st October

8. The Implementation Phase • 7-8 thematic transnational seminars for all partners, including site visits, and produce reports • To develop the issues and opportunities identified in the baseline study • Peer review of policies and action plans • Urbact Local Support Groups - ULSG • Action Plans: Current position - Delivery barriers/constraints Best Practice/opportunities Policy and delivery alignment potential through the UDF and associated governance models Regulatory requirements and resource requirements Recommended Local policy and delivery changes Delivery Plan

9. We want to make Financial Instruments work for cities Title of presentation I Tuesday, 10 June 2014 I Page 9

10. CSI EuropeKick Off Meeting, Manchester Desmond Gardner, Lead Expert 12th June 2012

11. Today – the State of the Art • Where we are now • Where we want to be • Tomorrow – the Development Phase Outputs • Partner Profiles • Local Support Group • Finance and Administration • Next Steps • Partner Meetings • Extending Network • September – Wrap up meeting • Baseline Report • The Synthesis

12. Today – The State of the Art • Local Development Strategy / priorities • What are the local investment funds • What barriers are there • Where does your city want to be in three years time • How can this network help?

13. Tomorrow - Outputs • Partner Profile • Common Snapshot of each City Partner • Clear, short and focussed • Experience and expectations • Local Support Group • Membership • Terms of reference • Local Action Plan

14. Next Steps • Partner Meetings • Extending network • Communication • Wrap up Meeting • Baseline Study

15. CSI EuropeKick Off Meeting, Manchester Sara Todd, Assistant Chief Executive, Manchester City Council 12th June 2012

16. CSI EuropeKick Off Meeting, Manchester Emily Smith, European Investment Bank 12th June 2012

17. The Future - Financial Instruments 2014-2020 Developing EU 2020 Strategy: • Scarce public funding needs to secure better leverage of private investment to meet EU 2020 targets • Resultant move to greater and wider use of revolving financial instruments (loans, equity, guarantees), incentivised by 10% extra EU co-financing for this • Energy efficiency and renewable energy a key theme - 20% of EU funding expected to be ring fenced for this priority • Cities/urban agenda - with min 5% expected to be ring fenced for this priority • Major opportunity to build on the 2007-2013 experience and develop the next generation of City Development Funds Mainstreaming the Model into core City Policy • It can be more than just an ERDF funding mechanism….. • National funding streams as well as other City income streams such as “tax increments” and community infrastructure levies can be combined/pooled using financial instrument models to maximise delivery efficiencies and leverage potential

18. 2014-2020 Opportunities Scope for financial instruments to be much broader in focus than previously, tackling a range of thematic priorities Also potential to pursue more integrated city development approaches using both ERDF and ESF through a single financial instrument A range of thematic or spatially focussed financial instruments can be foreseen covering following types of themes: Urban infrastructure SMEs Energy Efficiency Social Housing Social Impact Investment Higher and Further Education

19. Network Ambitions To share knowledge and experience and best practice to address implementation issues with existing JESSICA instruments To demonstrate the benefits of urban based financial instruments and increase the future take up of and help mainstream future initiatives into core city policies To provide practical feedback into the development of the Structural and Cohesion Fund Regulations and the preparation of programming documents for the next programming period To support the development of future funds for the 2014-2020 programme