This video features the first loan given by the Energy Fund den Haag.
The Fund has been created in the light of the European Commission’s wish to have an alternative use of the available ERDF (European Regional Development Fund) funds which were mainly used as a grant instrument by the regions. An alternative use is for example the European Commission’s policy initiative JESSICA (Joint European Support for Sustainable Investment in City Areas), designed to help Member States in using financial engineering mechanisms to support investment in sustainable urban development in the programming period 2007-2013. JESSICA’s mechanism enables public funds to be invested in a repayable way, thus to be recovered and become available for further reinvestment in other urban development projects.
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