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JESSICA Initiative in Portugal: Strategic Decisions, Governance and Perspectives

This article discusses the strategic decisions, governance structure, and perspectives of the JESSICA Initiative in Portugal, highlighting the rationale, efficiency, and effectiveness of the program. It also explores the major dimensions of governance and future perspectives for urban development.

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JESSICA Initiative in Portugal: Strategic Decisions, Governance and Perspectives

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  1. JESSICA Initiative in Portugal: Strategic Decisions, Governance and Perspectives Jessica Networking Platform 28 June 2011 Nuno Vitorino JHFP General Secretary

  2. 1. Major Strategic and Structural Decision: A Single, Multi-Operational Programme Holding Fund Why? > NSRF Rationale > Coherence with National Urban Policy > Efficiency and Effectiveness

  3. NSRF Rationale

  4. Coherence with National Urban Policy

  5. Efficiency and Effectiveness > A single, coherent, investment strategy > A common UDF selection procedure > Increased competition ... Better offers > Flexible use of matching funds > Lower, shared, HF management costs > One stop shop for UDF managers > A common communication plan

  6. JHFP Financial Arrangements Regional Operational Programmes: Norte OP – 30 M€ Centro OP – 20 M€ Lisboa OP - 5 M€ Alentejo OP – 10 M€ Algarve OP – 5 M€ Thematic Operational Programme: Territorial Enhancement OP – 30 M€ Matching Funds: Portuguese Treasury (DGTF) – 30 M€ JESSICA Holding Fund Portugal 130 Million € JESSICA UDFs Norte & Alentejo JESSICA UDFs Centro & Convergence Regions JESSICA UDFs Lisboa & Algarve Additional Matching Funds

  7. 2. Governance Major Dimensions: > JHFP Investment Board > EIB > UDF Management > Timetable

  8. JHFP Governance Arrangements Portuguese Government Regional Development Financial Agency EC DG REGIO OP Managing Authorities OP Managing Authorities OP MAs Coordinator OP Managing Authorities UDFs UDFs UDFs JHFP Secretary General EIB Local HF Officer JHFP Investment Board EIB Local Legal / Technical Experts EIB Head South Europe EIB Legal, Technical and Administrative Services

  9. Timetable

  10. Operational Agreements Negotiation Main Issues > Rating > Eligibility > State Aid > Revolving Resources > Reporting Obligations and Timetable

  11. 3. Future Perspectives: > 2007-2013: UDF Full Implementation -> Urban Projects Funding > Post-2013 Period: Issues, Challenges, Approaches

  12. Major Urban Policy Issues > Sustained Population Growth, notably Urban Population Growth > Concentration in Cities of (positive and negative) Economic and Social Dynamics > Increasing Responsibility of Cities (and Cities Networks) on Territorial Structuring and Competitiveness > Growing Economic Value of Urban Assets, often Demanding Rehabilitation

  13. Main Urban Policy Challenges (with Eugenio’s permission) Demography Energy Jobs Natural Resources Social Inclusion Environment Fiscality Technology Urban Challenges Budget & Finances Communications Values System Security Competitivity Geography Innovation Globalization

  14. Main EU Cohesion Policy Issues EU2020: Smart, Sustainable and Inclusive Growth EU Cohesion Policy Challenges: > Environment & Sustainability > Jobs & Inclusion > Education & Research > Innovation & Competitiveness EU Cohesion Policy Urban Dimension EU Budget Review: > Highly probably reduction of EU Cohesion Policy share

  15. A New Approach to EU Cohesion Policy Urban Dimension Shared Management Urban Development Partnerships + Integrated Funding EU Commission Member States EIB Grant-based Financing Fiscal Incentives Financial Engineering Instruments Territorial Scale for Urban Development Partnerships ? Urban Governance ?

  16. Thank you for your attention.

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