This working group will focus on how to use financial instruments, develop
investments projects and promote the exchange of the best practices in
supporting investments in cities
Objectives for 2019:
·Exchange opportunities and strong cooperation basis for interested cities to work on the challenges to long-term investments in various sectors (e.g. affordable housing, energy efficiency) and other EUROCITIES Forums;
·Exchange of knowledge and experience on integrated approaches on long-term investments and on how these approaches can be transferred to other European cities;
·Joint-up approaches among local, national and European authorities to address main bottlenecks for boosting long-term investments;
·Analysis of financial instruments to boost local investments;
·Activities to shape the EU framework and resources to help cities implement long-term investment projects;
·More flexible rules on the relation between deficit and investments;
·Discussions about coordination among neighbouring local authorities and partnerships with private actors and the advantages of public investments without private partnerships;
·Exchange of experiences on the long-term economic effects of public investments;
·Discussion about realisation of new ways of financing;
·Harmonizing European System of Accounts (ESA 2010) with double entry bookkeeping rules.
·Analysis of innovation in local economies and improvement of their service;
·Discussion on the issue how to protect LTI from political change and budget constraints and cuts to the mid-long term.
Actions to achieve the objectives:
·Collection of the case studies on financial schemes and PPP. And provide the information about already collected/ available case studies;
·Evaluation of the effects of the Maastricht deficit and debt level, European System of National and Regional Accounts (ESA 2010) and EUROSTAT, on city finances;
·International Workshop about solid city finances with experts in the Public Finance Management, mayors and deputy mayors as well as high-level officers responsible for city finances;
·Develop a first position paper in which cities commit to a common approach toward the European Commission for more flexible rules on the relation between deficit and investments.
·Next meeting: potential involvement of EIB;
·Support creation own investment resources (es. Green Bonds).