Joint Cohesion Policy
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Joint Cohesion Policy

JASPERS, JEREMIE and JESSICA

 
The Structural Funds and Cohesion Fund 2007-2013 are complemented by three new Joint Cohesion Policy Initiatives for investment, growth and jobs in the Member States and regions.
 
The three initiatives are:
 
     JASPERS (Joint Assistance in Supporting Projects in European Regions) is a partnership between the Commission, the European Investment Bank and the European Bank for Reconstruction and Development. It aims to improve the preparation of major projects to be co-financed by the Cohesion Fund and the European Regional Development Fund (ERDF), in particular in the new Member States, during the next period 2007-2013.  JASPERS foresees using the technical and financial expertise of the banks to strengthen the capacity of national and regional authorities, helping them to deliver high-quality project proposals which will make efficient use of EU funds and mobilise additional sources of funding.
   
     JEREMIE (Joint European Resources for Micro-to-Medium Enterprises) is a joint initiative of the Commission and the European Investment Fund with the European Investment Bank. It aims to improve access to finance for small and medium enterprises (SMEs), and in particular the supply of micro credit, venture capital, loan or guarantees and other forms of innovative financing. It is aimed especially at micro to medium-sized enterprises.  JEREMIE means that SMEs in all regions will be able to benefit from tailored financial engineering products. It is a direct response to the challenge of continuous economic adjustment, and in this context the JEREMIE Memorandum of Understanding organises the joint approach between the Commission and the EIF in this respect.
   
     JESSICA (Joint European Support for Sustainable Investment in City Areas) is a joint initiative of the Commission, the European Investment Bank and the Council of Europe Development Bank. The parties involved, already experienced in the field of lending for urban development and renewal, as well for social housing, have agreed in the context of the Urban/JESSICA memorandum, to work closely with the Commission in the framework of the new ERDF programmes, where they have an urban development component.  JESSICA aims to combine the grants under the programmes for urban development and renewal, or social housing where appropriate, with the loans and the expertise of the Banks for urban development and renewal, including social housing. The Banks have also committed themselves to a more streamlined approach to lending in this field of urban development, making it more user-friendly for end-users.
 

Key Documents, downloads and further information

 
     Further information on JASPERS, JEREMIE and JESSICA can be obtained from the European Commission, Directorate General Regional Policy website

Contact

 

     The Planning and Priorities Coordination Division is Malta’s National Contact Point for the Joint Cohesion Policy Initiatives.
     Click here to contact the Division’s Email Helpdesk.