The Investing City Making Financial Instruments Work for Cities - - PowerPoint PPT Presentation

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The Investing City Making Financial Instruments Work for Cities - - PowerPoint PPT Presentation

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The Investing City Making Financial Instruments Work for Cities Mark Duncan & Ton Overmeire City of Manchester City of the Hague THE INVESTING CITY November 2015 CSI EUROPE Making Financial Instruments Work for Cities THE INVESTING

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The Investing City

Making Financial Instruments Work for Cities

Mark Duncan & Ton Overmeire City of Manchester City of the Hague

THE INVESTING CITY November 2015

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CSI EUROPE

THE INVESTING CITY November 2015

Making Financial Instruments Work for Cities

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HOW TO BUILD A ROCKET

THE INVESTING CITY November 2015

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THEME PAPERS

THE INVESTING CITY November 2015

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REGULATION

THE INVESTING CITY November 2015

CSI Europe Route Map

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STATE AID

THE INVESTING CITY November 2015

Pathways to Compliance

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Increased investment needs while public resources are scarce Growing emphasis on the need for an Integrated Urban Development Policy

Financial Instruments

Place in the Market

THE INVESTING CITY November 2015

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GOVERNANCE

THE INVESTING CITY November 2015

CSI Europe Route Map

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FINANCIAL INSTRUMENTS WORK

THE INVESTING CITY November 2015

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MANCHESTER – The Investing City

THE INVESTING CITY November 2015

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Greater Manchester’s “Basket of Funding”

United Kingdom

Regional Growth Fund €90m Growing Places €45m

European Commission

2007-13 JESSICA Funds €84m 2014-20 ESIF FIs €130m

THE INVESTING CITY November 2015

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Citylabs – Regional Growth Fund and Evergreen

Citylabs was our first JESSICA

  • investment. It opened in 2014 and

includes: Laboratories Research facilities for clinical trials and evaluations Hub space to encourage interaction Teaching facilities for specialist vocational training The JESSICA loan has now been re-paid in full

THE INVESTING CITY November 2015

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  • £17.5million Private Sector Investment
  • 48 new jobs
  • 1,200sq/m commercial floorspace
  • warehouse / distribution / industrial park with

associated office space

  • creating up to 4,000 jobs.
  • Investment funded up front infrastructure to

unlock value

Logistics North Cotton Building Bolton Manchester

  • Office development in Manchester
  • Complete March 2016
  • €13m Private Sector Investment
  • 13,660 sq/m commercial floor-space
  • 2,000 sqm of existing brownfield land
  • aprox. 910 jobs

THE INVESTING CITY November 2015

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One Spinningfields The Hub Manchester Manchester

  • Near-speculative development
  • £12m mezzanine loan,
  • Total development costs of £100m
  • Senior debt from bank plus private equity
  • On-site, due to complete 2016
  • >300,000 sq ft commercial floor-space
  • The scheme will deliver in the region of 1,670 jobs

Manchester Science Park speculative development. FI investment of £7m required to kick start development. Total development cost £12m

THE INVESTING CITY November 2015

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TECHNICAL ASSISTANCE

THE INVESTING CITY November 2015

A New Kind of Public Servant

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FUTURE MODELS OF INVESTMENT

THE INVESTING CITY November 2015

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THE INVESTING CITY November 2015

The Hague – The Investing City

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Development of FIs in The Hague

2016: Offices 7.100.000 Renewables 10.800.000 Fishery 3.500.000 Renewables (regional) 5.000.000 Energy efficiency 7.500.000 Innovation 4.000.000 SME’s 1.500.000 2014 Offices 4.800.000 Renewables 4.000.000 2015 Offices 4.800.000 Renewables 4.000.000 Fishery 3.500.000

THE INVESTING CITY November 2015

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Potential Opportunities for Slovenia

Housing Energy Efficiency Cultural Heritage Infrastructure SME Loan Funds

THE INVESTING CITY November 2015

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Thank You

For More Information:

http://urbact.eu/csieurope www.fi-compass.eu

THE INVESTING CITY November 2015