Scottish Urban Development Fund Procurement. Steven Henderson JESSICA & Investment Funds Division European Investment Bank

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1 Scottish Urban Development Fund Procurement Steven Henderson JESSICA & Investment Funds Division European Investment Bank 1

2 2 JESSICA Scotland structure Scottish Government 26m 24m European Commission JESSICA Holding Fund (EIB fund manager) 33m investment Regeneration UDF Other UDF(s) Project level repayable investment (equity/debt) Project Project Project Project Urban Project level public & private additional financing

3 Some key points Investment not grant If single applicant, must be FSA regulated If consortium, at least one consortium member must be FSA regulated No minimum or maximum project size, but expect reasonable diversification No extra marks for choosing quick win / pipeline projects in particular areas UDF expected to work with BIG Lottery JESSICA Trust to identify co-investment opportunities Key date all investment in projects must be made by 31 December

4 Response Requirements Elements of the evaluation process Stage 1 (by 24 January): Provide a declaration of your suitability (including FSA authorisation) Illustrate credible experience Stage 2 (by end of March, only after invitation): Provide an Offer (in the form of a business plan) showing: Governance and legal structure (including team) 20% Investment strategy 20% Terms and conditions of investments 25% Sourcing of complementary finance 20% Management fees 15% 4

5 5 EIB CONTACT INFORMATION Clarification questions for stage 1 in writing only by Monday 10 January Véronique Paulon (Procurement Officer) European Investment Bank 100, Bvd. Konrad Adenauer L-2950 Luxembourg fax: EIB.ASA@eib.org

6 Eligible Activity for Priority 3 Urban Regeneration Linking urban areas of need with areas of opportunity. Support for locally based job brokerage schemes that aim to match disadvantaged individuals with employment opportunities Support for development, refurbishment and enhancement of locally-based training/learning and e-skills centres. (NB the development of training/learning and e-skills centres will only be allowed if it will form a component part of an integrated urban development plan) Supporting safe transport hubs to link areas of need with those of opportunity Support for investment in increased local access to ICT facilities within communities with the intention of improving skills of local people seeking to re-enter the labour market and increasing access to web-based public services

7 Improving the Potential Capacity of Urban Areas to Develop Support for, the development and refurbishment of facilities and workspace to make them suitable for new or established SMEs especially those that employ green design principles, including use of renewable energy, resource/energy efficiency and low/zero carbon use. (NB the development of workspace will only be allowed if it forms a component part of an integrate urban development plan) Support for improvements to incubator and business support facilities for social enterprises Support for initiatives to encourage low carbon employment sites and premises, including conversion of existing incubator and other workspace facilities Support for conversion and adaptation to industrial sites and business centres/facilities that offer employment or training opportunities to people living in targeted areas (especially those that employ green design principles)

8 Improving the Potential Capacity of Urban Areas to Develop Support for projects that promote clean and sustainable public transport to link areas of need with areas of opportunity. (NB this activity will only be allowed if it forms a component part of an integrated urban development plan) Support for projects that invest in the rehabilitation of the physical environment (specifically work around the decontamination and servicing of brownfield land and gap sites, but only if it can be demonstrated that the end use of the land is linked to the ERDF eligible activity. (NB this activity is eligible only as a component part of an integrated urban development plan and excludes development of public realm unless a reasonable and direct physical link is made with ERDF eligible activity) Support for energy production from renewable energy and low carbon technologies in response to local energy needs, such as co-generation and distribution energy systems (such as district heating and CHP projects).

9 Energy Efficiency Measures The following criteria covers our energy efficiency measures and may be the subject of a separate UDF. Support for schemes that pilot or demonstrate new or innovative approaches to energy efficiency retrofit measures in particular, targeting the retrofit of existing social housing stock.