The Urban Development Funds in the State of Brandenburg

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1 Platz für Foto The Urban Development Funds in the State of Brandenburg Pertti Hermannek, Brussels, 23. October 2009

2 Your Speaker Pertti Hermannek Department Corporate Steering Phone: Internal Consultant Business Development and European Affairs Project Manager Further Development of the Urban Development Funds Pertti Hermannek Seite 2

3 The State of Brandenburg Brandenburg forms together with Berlin the German Capital Region Six millions inhabitants Located between the Western European business locations and the emerging markets in Eastern Europe Berlin-Brandenburg has the highest concentration of R&D institutes in Germany Biggest city in Brandenburg is Potsdam with app people Majority of cities in Brandenburg are smaller than inhabitants Seite 3

4 ILB Objectives and Tasks The promotional bank of the state of Brandenburg Implementation of the grant programs of the state in the fields of Economy Infrastructure Housing Instruments Grants Loans at favourable interest rates Guarantees Venture and equity capital ILB hat ein zukunftsfähiges Geschäfts Seite 4

5 Promotional offers for Brandenburg Grant programs from budgetary funds Agency for the ministries of the state of Brandenburg Budgets come from public sources: State of Brandenburg Federal Republic of Germany European Union Promotional programs from own ressources Loan programs with favourable interest rates Refinancing with funds from Kreditanstalt für Wiederaufbau (KfW) Landwirtschaftliche Rentenbank (LR) European Investmentbank (EIB) Council of Europe Bank (CEB) Capital Market Seite 5

6 ILB is Service Provider for Ministries and Customers Ministries of the state as funds provider Agency for grant programs Advice for elaboration and further development of guidelines for grants, Documentation and reporting InvestitionsBank Advice, assessment of the applications, approval and payment of the grants Administration of grant, check of reports on expenditure Investores as target groupes of the promotional measures Municipalities/State Enterprises Farmers Private People Seite 6

7 Objectives of the ERDF - Urban Development Funds in Brandenburg Brandenburg seized the suggestion of the JESSICA-Initiative and developed a concept for an urban development funds Three objectives: Establishing a revolving funds for urban development over the end of the running structural funds period stronger consideration of the profitability of projects Mobilisation of public and private capital for urban development Seite 7

8 ERDF - Urban Development Funds in Brandenburg Within the directive Sustainable Urban Development 15 cities in Brandenburg can be funded Condition for acceptance in the ERDF-program: Elaboration of an integrated urban development concept These 15 cities in Brandenburg can also make use of the urban development funds. Prenzlau Schwedt/Oder Wittenberge Neuruppin Eberswalde Oranienburg Brandenburg a.d. Havel Fürstenwalde Frankfurt (Oder) Potsdam Königs-Wusterhausen Eisenhüttenstadt Senftenberg Cottbus Spremberg Seite 8

9 ERDF - Urban Development Funds: An Overview Who can get financing? 15 municipalities from the state of Brandenburg (see map) What will be financed? Elimination of deficits in urban planning Improvement of inner city traffic Adaption of social infrastructure Adaption of infrastructure for education City management and -marketing "Urban-Culture" How will be financed? 100% of the investment Interest rate 1-1,5% p.a. Instalment credit with a maturity of 10 years No repayment for the first two years possible Seite 9

10 Basic Model of the ERDF - Urban Development Funds in Brandenburg EU-Commission JESSICA EIB ERDF funding Global Loans State of Brandenburg MIR Program contract for implementation ILB 15 Mio. EUR ERDF funds 5 Mio. EUR Urban Development Funds Brandenburg Loans Loans Urban Development Projects Seite 10

11 Possible Projects for the Urban Devlopment Funds Strengthening local economy Centers for local handcraft and creative industries Seite 11

12 Possible Projects for the Urban Devlopment Funds Development of inner city areas Speicherstadt Potsdam: inner city brownfield on the waterfront, area for housing, commercial uses and science and research Science Park Golm: development of new business areas in a science park (pre- and bridgeover financing) MPI Fraunhofer GO:IN Business Area Station Golm University Seite 12

13 Possible Projects for the Urban Devlopment Funds Strengthening inner cities Development of train stations for retail trade, gastronomy and train affine services (bike rental stations, tourist information etc.) Development of space for retail trade locations in historic centers Seite 13

14 Possible Projects for the Urban Devlopment Funds Devopment of public areas as an initial investment to mobilize private partners Gardencity Drewitz in Potsdam Upgrading of green space, social infrastructure Energetic rehabilitation New building of flats Objective: sustain socially accepted rents Seite 14

15 Outlook ILB and Ministry for Infrastructure participate in a project co-financed by the Federal Ministry for Housing and Urban Development Objectives: further development of the Urban Development Funds Integration of private investors under consideration of the specific situation of the small and medium sized cities in Brandenburg Subject matter for analysis will be: Objectives of a future funds Market analysis decision criteria financial and legal conditions implementation of a funds Seite 15

16 Platz für Foto Thank you very much for your attention!