Long term investment

forums
  • economy

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).


 


chair

Ulrike Firniss
Gothenburg
business area manager

chair

Michael Kremser
Vienna

chair

Bogdan Nawrocki
Warsaw
Deputy Director

EUROCITIES staff contact

Aleksandra Olejnik
EUROCITIES Brussels Office
Policy advisor