In this declaration, the Ministers state that the EU’s financial engineering tool of the cohesion policy, JESSICA, contributes towards achieving the objectives of integrated urban development, as envisioned in the Leipzig Charter. The Ministers suggested that the Member States take into consideration the conclusions and recommendations of the JESSICA expert working group. At the same time, they underlined that grants would continue to play an important role in the future as JESSICA can only be used to finance projects, or clusters of projects, that are, on the whole, capable of producing revenues. They underlined the fact that JESSICA can only be implemented on the basis of integrated urban development plans. On the basis of the working group’s report, the Ministers emphasised that JESSICA includes key benefits.

25/03/2009

policy

Urban Policy