Recording and presentations from the Covenant of Mayors webinar ‘Why and how to set up Urban Development Funds?’ that took place on 21 June 2016 are available on-line.
The webinar explains how Urban Development Funds can help cities:
- Make more efficient use of (scarce) public sector resources, especially for revenue generating or cost saving projects.
- Generate good leverage potential, also through recycling of funds.
- Bring financial discipline into the project identification/selection process.
- Can be combined with technical support and/or capital grants to overcome market barriers.
The webinar particularly focused on the example of the London Green Fund, which is a GBP 110 million holding fund managed by the European Investment Bank (EIB).
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