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

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 CITY November 2015

HOW TO BUILD A ROCKET THE INVESTING CITY November 2015

THEME PAPERS THE INVESTING CITY November 2015

REGULATION CSI Europe Route Map THE INVESTING CITY November 2015

STATE AID Pathways to Compliance THE INVESTING CITY November 2015

Financial Instruments Place in the Market Increased investment needs while public resources are scarce Growing emphasis on the need for an Integrated Urban Development Policy THE INVESTING CITY November 2015

GOVERNANCE CSI Europe Route Map THE INVESTING CITY November 2015

FINANCIAL INSTRUMENTS WORK THE INVESTING CITY November 2015

MANCHESTER – The Investing City THE INVESTING CITY November 2015

Greater Manchester’s “Basket of Funding” European Commission 2007-13 JESSICA Funds 2014-20 ESIF FIs € 84m € 130m United Kingdom Regional Growth Fund Growing Places € 90m € 45m THE INVESTING CITY November 2015

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

Logistics North Cotton Building Bolton Manchester • Office development in Manchester • £17.5million Private Sector Investment • 48 new jobs • Complete March 2016 • 1,200sq/m commercial floorspace • € 13m Private Sector Investment • warehouse / distribution / industrial park with • 13,660 sq/m commercial floor-space associated office space • 2,000 sqm of existing brownfield land • creating up to 4,000 jobs. • aprox. 910 jobs • Investment funded up front infrastructure to unlock value THE INVESTING CITY November 2015

One Spinningfields The Hub Manchester Manchester • Near-speculative development Manchester Science Park speculative • £ 12m mezzanine loan, development. • Total development costs of £ 100m FI investment of £7m required to kick • Senior debt from bank plus private equity start development. • On-site, due to complete 2016 • >300,000 sq ft commercial floor-space Total development cost £12m • The scheme will deliver in the region of 1,670 jobs THE INVESTING CITY November 2015

TECHNICAL ASSISTANCE A New Kind of Public Servant THE INVESTING CITY November 2015

FUTURE MODELS OF INVESTMENT THE INVESTING CITY November 2015

The Hague – The Investing City THE INVESTING CITY November 2015

Development of FIs in The Hague 2014 Offices 4.800.000 Renewables 4.000.000 2015 Offices 4.800.000 Renewables 4.000.000 Fishery 3.500.000 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 THE INVESTING CITY November 2015

Potential Opportunities for Slovenia Housing Energy Efficiency Cultural Heritage Infrastructure SME Loan Funds THE INVESTING CITY November 2015

Thank You For More Information: http://urbact.eu/csieurope www.fi-compass.eu THE INVESTING CITY November 2015