Regeneration Investment Fund for Wales

We are working in partnership with the Private Sector using European Regional Development Fund Convergence funding.

The fund will allow for the contribution of publicly owned land and building assets to match European funding. It is based on the European Commission’s Joint European Support for Sustainable Investment in City Areas (JESSICA) initiative. JESSICA allows returns generated from invested funds to be reinvested as well as engage private sector investment and project management experience.

The European Commission has designed the investment fund in response to the need across Europe to promote investment in regenerating towns and cities.

The fund will be used to:

• finance projects,
• regenerate the built environment,
• create value added through long-term partnership, and in the long-term,
• produce investment returns.

Unlike a one-off grant, this fund can be re-cycled and re-invested, which means the money goes further and delivers better long-term results.

How the fund is managed

Amber Infrastructure and Lambert Smith Hampton (LSH) have been appointed as the Fund and Investment Managers for the Regeneration Investment Fund for Wales.

Both Amber Infrastructure and LSH were appointed through open competition. Amber Infrastructure is a leading sponsor and manager of social and economic infrastructure projects. LSH is a national commercial property consultancy with 27 offices across the UK, including Cardiff and Swansea.

The Regeneration Investment Fund for Wales was launched in 2010.

For enquiries or further information go to the Regeneration Investment Fund for Wales website.

Visit: Regeneration Investment Fund for Wales (external link)