Gemeente Den Haag Financial Instruments in The Hague

Gemeente Den Haag Financial Instruments in The Hague 1

• Close relation with our ERDF programming. • Building on existing investment strategy • Same decision making structure as with ERDF plus extra group for cofinancing Gemeente Den Haag Investment Plan / Local Action Plan

Gemeente Den Haag Structure Europese Commissie Den Haag Managementautoriteit Kansen voor West EFRO Cofinanciering (Gemeente Den Haag) Investeringscomité Holding Fonds Den Haag EU aanbesteding l Potentiële investeerders Commanditaire vennoot Return on investment Stichting managing partner ED/FRED CV FRED UDF FRED Fondsmanager Adviesraad Andere fondsen Startersfonds / Security Leningen en terugbetalingen Mix van projecten Return on investment

Gemeente Den Haag © ERAC, 2013 1. 2. 3. Beschikking/uitvoeringsovereenkomst (= “funding agreement”) Opdrachtbrief (= “operational agreement”) Managementovereenkomst 4. 5. 6. CV overeenkomst Financieringsovereenkomst JESSICA bijdrage Overeenkomst bijdrage Eigen Vermogen / Vreemd vermogen derden 4

In Investment Committee / Steering group • • Jessica Holding fund manager Chamber of commerce Representatives from SME’s Representative from higher education Directors of different city departments Managing authority Ministry of Interior and Kingdom Relations Chair: Vice-mayor city of The Hague Gemeente Den Haag Involved persons Holding Fund

In Cofinancing Group • • Jessica fund manager Managing authority Project developers Local stock market Representatives from banks Urban development department Financial department Chair: Holding fund manager Gemeente Den Haag Involved persons Holding Fund

• Continuously updated investment strategy linked to the ERDF and other EU programms • Acces to / Plan for public and private cofinances on project and / or Jessica fund level Gemeente Den Haag Expected result

• • Jessica fund for tourism Jessica fund for energy efficiency in housing Proof of concept / Launching customer funds New ERDF money in the two existing Jessica funds Gemeente Den Haag We consider

Investment Committee • • Independent Chair Director Urban Development Department Head of City Finance Department Open for new investors…. . Project advise Committee • Policy advisor Urban Development and Finance Department Gemeente Den Haag Involved persons both Jessica Funds

• Within the city. (They find us) • Via the cofinancing group • Via accountmanagers from urban development department • Our “own” city (energy) projects are not successful yet Gemeente Den Haag Pipeline Development

Project selection • Project must fit in and contribute to ERDF program. • Project must fit in the urban investment strategy. • Final say independent fund manager • Financial decision based on the business case • Mix of long and short term loans, equity and guarantees Gemeente Den Haag Selection criteria

Ton Overmeire Programmabureau Europese Fondsen Den Haag T 070 353 41 81 E Ton. Overmeire@denhaag. nl Gemeente Den Haag Contactgegevens