Ocena efektywności zwrotnego mechanizmu finansowego JESSICA w województwie śląskim - prognoza
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JESSICA [Joint European Support for Sustainable Investment in City Areas] – is an initiative developed by the European Commission and the European Investment Bank, in collaboration with the Council of Europe Development Bank (CEB). Its aim is to support sustainable urban development investments. In Poland the initiative finances projects eligible within Regional Operational Programmes in the priorities related with urban regeneration. Within JESSICA, special Urban Development Funds or Holding Funds are established in order to support projects, forming part of local regeneration programmes with the application of financial instruments and structural funds. JESSICA has been developed as an answer to the development needs of urban areas, having the key importance for local, regional and national growth, at the same time being an initiative supporting profitable projects only. JESSICA beneficiaries have access to advantageous financial instruments that may vary depending on the region [equity, loans and/or guarantees]. The basic aim of the paper is to define the implementation scope of the JESSICA revolving mechanism and to present an attempt at evaluating its efficiency in Silesia.