2. A JESSICA Model Igloo Regeneration JESSICA Background The Blueprint Model Delivering JESSICA Conclusions

3. Digital Media Centre

4. Igloo Regeneration April 2002 €200m equity 15 investors Fund Managers, Pension Funds, Ethical Investors €4.5 Billion end value portfolio

5. Leeds, Tower Works

6. Igloo Regeneration Mixed use, Well designed, Environmentally sustainable Property developments Edge of the top 20 city centres

7. Bermondsey Square

8. Igloo Regeneration Fund developers Invest in partnerships with the public regeneration agencies Develop and hold investments Buy completed investments

9. Cardiff, Tiger Bay

10. Igloo Footprint Design, Environment, Social, Happiness Core Business Process Four Assessment Stages High Profile Audit Committee

11. Igloo SRI Scoring

12. Dr. Jonathon Porritt CBE Founder Director Forum for the Future Chair Sustainable Development Commission George Ferguson Immediate Past President RIBA Anne Power Prof Social Policy LSE Paul King WWF Igloo SRI Audit

13. JESSICA Background Powerful Instrument New Approach Poorly Understood Flexible Model Equity Co-investment Benefits

14. The blueprint model

15. Priorities (Political, economic, social) Policy (RES, community plans, SPG etc.) Property Strategy (Land assembly etc.) Site Specific Plans (Development brief, master plan) Physical Delivery Traditional Private Sector Engagement Private Sector Engagement through PRPs Development agreements Site specific JVs Regional JVs Strategic Partnerships Regeneration Process

16. What is a PRP? PRP Co Regeneration Projects Property Assets Cash & Skills Development or Implementation Level Strategic or Value Capture Level 3rd Party Debt Public Sector Body Private Sector Partner

17. What is blueprint? A 50:50 Limited Partnership £500M of regeneration in the East Midlands Funded by property, equity and debt 6 initial developments Investing in new priority projects

18. emda (50%)EP (50%) “emEP Ltd” 50% vote igloo 50% vote blueprint General Partner emdaEPigloo blueprint Limited Partnership Partners Shareholders Blueprint

19. Partnerships with Cities Commercial returns with public support Private sector status Revolving Fund Public capital multiplies 400% in 10 years

20. Nottingham Science Park

22. Leicester Digital Media Centre

24. Delivering JESSICA Blueprint Success JESSICA Model Jessica Future

25. Conclusions UK JESSICA Vehicle Pipeline Public:Private capital and skills JESSICA – a powerful regeneration tool

26. www.igloo.uk.net ‘The World’s First Responsible Property Fund’ – UNITED NATIONS 2006