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Is JESSICA the Holy Grail of Urban Regeneration?

Jayant Mehta


I. Introduction JESSICA is the acronym for the “Joint European Support for Sustainable Investment in City Areas.” It is an initiative of the European Commission together with the European Investment Bank (EIB). The evolution of JESSICA can be traced back to Commission initiatives such as the Community Strategic Guidelines (March 2005) and its Communication entitled “Cohesion Policy and the Cities: The urban contribution to growth and jobs in the


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