This theoretically rooted and research-based book provides insights on the JESSICA funding
model which - unlike the traditional non-repayable aid - focuses on supporting sustainable
urban development projects in a repayable and recyclable way. Looking through the lens of the
JESSICA financial engineering mechanism used in urban transformation it examines the
functioning and performance thereof and formulates policy recommendations for the future. The
aim of this volume is to contribute to a deeper understanding of the JESSICA sustainable
funding model by exploring its repayable assistance mechanism to support sustainable urban
development projects. The authors make several noteworthy contributions to the literature on EU
cohesion policy and shed light on the use of the repayable instruments within public
interventions while providing for the first time a critical analysis of the JESSICA
sustainable funding model from the holistic perspective which is especially relevant for
supporting sustainable urban development. Financial Engineering in Sustainable Funding of Urban
Development in the EU provides policy-significant findings that are important for EU cohesion
policy in the field of repayable assistance to be reinvested in the long term in urban and
regional transformation.
