By Pavlina Dravecka / Updated: 07 Mar 2016

The JESSICA programme supports sustainable urban development through financial engineering mechanisms.

Concretely, EU member states can choose to invest some of their EU structural fund allocations in revolving funds. Contributions from the European Regional Development Fund are then allocated to Urban Development Funds which invest them in public-private partnerships or other projects.

This tool is for member states rather than cities.

For more information, visit the European Commission's website.