Revolving Instruments for Cities in Europe (RICE)
This project aimed at furthering the development of new financial instruments to increase private sector investment in urban development, in particular in relation to smart cities. The project established the common financing needs of cities, thus identifying those sectors in which financial instruments can best support projects aligned with a city’s policy priorities. The project also developed a blueprint City Fund, a flexible model that can be adapted to the specific needs of cities across the EU to support urban development.
Partners: the City of The Hague (Lead), Greater London Authority, the City of Milan and the Greater Manchester Combined Authority
Innovative Financial Instruments in support to the Social Economy (IFISE)
This project explored the potential of financial instruments under ESI Funds to enhance social impact activities, both taking stock of existing financial instruments in the EU and conceiving innovative financing structures to be managed by public authorities. The project also analysed metrics and methodologies to measure social impact, in the framework of sound financial management of the public resources.
Partners: Finpiemonte, Finlombarda, IDEA (Andalucia), Generalitat Valenciana
Enhancement Capacity of Financial Instrument Application in Consistency with other forms of Public Interventions
The project has collected data on existing government interventions in markets where services of general economic interest are dominating. This has helped the authorities to understand the impact of government interventions on the market, to identify the consistency of financial instruments within the public support and the optimal balance of financial instruments and other forms of government interventions.
Partners: Lithuania Ministry of Finance, CPVA, VIPA, Croatia Ministry of development and EU Funds, Croatian Bank for Reconstruction and Development