New paper by Marcin Dąbrowski looking into the impacts of EU financial engineering instruments for sustainable urban development projects (JESSICA) is to be published in Regional Studies. JESSICA, one of the financial engineering instruments (FEI) within European Union cohesion policy framework in the 2007–13 period, created scope for developing cooperation between sub-national authorities and financial institutions and private investors. Anchored in the literature on multilevel governance, this paper examines how the implementation of this instrument has affected the patterns of sub-national governance in Poland and Spain. Despite stimulating learning processes and the emergence of unprecedented cross-sectoral partnerships, the implementation was hampered by numerous obstacles, underlining the limitations of multilevel governance and of FEI as tools for promoting urban development.
The paper is available here for download ahead of print.
