Iniciativa JESSICA – Financiamento de Projectos Sustentáveis de Reabilitação Urbana Nuno Vitorino 16 Nov 2010 JESSICA Initiative in Portugal: Strategic Decisions, Governance and Perspectives Jessica Networking Platform 28 June 2011 Nuno Vitorino JHFP General Secretary

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

Operational Agendas Thematic OPsRegional OPs Competitive- ness Factors Human Potential Territorial Enhancement Convergen ce Phasing Out Competiti- veness Human Potential Competitiveness Factors Territorial Enhancement

National Urban Policy Thematic OPsRegional OPs Competitive- ness Factors Human Potential Territorial Enhancement Convergen ce Phasing Out Competiti- veness Urban Regeneration Partnerships Competitiveness and Innovation Urban Networks Innovative Urban Solutions

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

JESSICA Holding Fund Portugal 130 Million JESSICA Holding Fund Portugal 130 Million JESSICA UDFs Norte & Alentejo JESSICA UDFs Centro & Convergence Regions JESSICA UDFs Lisboa & Algarve Additional Matching Funds 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 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

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

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

Iniciativa JESSICA – Financiamento de Projectos Sustentáveis de Reabilitação Urbana Nuno Vitorino 16 Nov Memo of Understanding Parliament Elections / New Government Municipal Elections Stability and Growth Program Bail-out Negotiations Economic and Financial Adjustment Program Parliament Elections / New Government Funding Agreement Funding Agreement Amendment 1 st Instalment - 45M Call for Expression of Interest Meeting with Potential Candidates UDF Managing Entities Pre- qualification UDF Business Plans Offers UDF Selection Operational Agreements Negotiation ->

Iniciativa JESSICA – Financiamento de Projectos Sustentáveis de Reabilitação Urbana Nuno Vitorino 16 Nov 2010 > Rating > Eligibility > State Aid > Revolving Resources > Reporting Obligations and Timetable > Rating > Eligibility > State Aid > Revolving Resources > Reporting Obligations and Timetable

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

Iniciativa JESSICA – Financiamento de Projectos Sustentáveis de Reabilitação Urbana Nuno Vitorino 16 Nov 2010 > 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 > 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

Urban Challenges Globalization Geography Security Communications Technology Environment Natural Resources Energy Innovation Competitivity Values System Budget & Finances Fiscality Social Inclusion Jobs Demography

Iniciativa JESSICA – Financiamento de Projectos Sustentáveis de Reabilitação Urbana Nuno Vitorino 16 Nov 2010 EU2020: Smart, Sustainable and Inclusive Growth EU Cohesion Policy Challenges: > Environment & Sustainability > Jobs & Inclusion > Education & Research > Innovation & Competitiveness EU Cohesion Policy Challenges: > Environment & Sustainability > Jobs & Inclusion > Education & Research > Innovation & Competitiveness EU Budget Review: > Highly probably reduction of EU Cohesion Policy share EU Budget Review: > Highly probably reduction of EU Cohesion Policy share EU Cohesion Policy Urban Dimension

Iniciativa JESSICA – Financiamento de Projectos Sustentáveis de Reabilitação Urbana Nuno Vitorino 16 Nov 2010 Shared Management Urban Development Partnerships + Integrated Funding 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 ?

Iniciativa JESSICA – Financiamento de Projectos Sustentáveis de Reabilitação Urbana Nuno Vitorino 16 Nov 2010