A highly important factor when thinking about smart cities, that isn’t always discussed, is how to fund and finance them. As exciting as it is to discuss the potential, exciting developments that smart cities can bring, whether in terms of urban development, citizen engagement or sustainability, they won’t get off the ground without funding. This is something that has not escaped Ovum’s Smart to Future Cities conference, with a dedicated set of presentations around funding options.
Firstly we have a case study from the Province of Torino, Italy, on Public-Private Partnerships (PPPs) for smart city projects/financing future cities in the EU, in which they will outline the 2020Together project, detail its funding strategy, and examine the new forms of partnership between public administrations and private investors.
This is followed by an interactive panel session: attracting funding and finance for smart infrastructure projects. The panellists include Scott Cain, Executive Director, Future Cities Catapult and Frank Lee, Head of Financial Instruments, Western Europe, European Investment Bank, with discussion points including:
- What are the different funding instruments available?
- Best practice for attracting interest from institutional investors and investment banks
- Financial instruments outside EU funding
- ‘Joint venture’ infrastructure projects
- PPPs for smart city projects
- Sharing risk in PPPs, managing exit strategies and forecasting returns
- The need for a smart bank for smart investment
The panel is introduced by Mathias Reddmann, from the Smart Cities and Sustainability Unit of the European Commission, in which he will address the need for large-scale investment in smart cities, detailing the Horizon 2020 and JESSICA initiatives.
This dedicated session is part of a comprehensive event, covering transport, energy, urban development, assisted living, sustainability, security and resilience, among 19+ global city case studies. Download the brochure to see which cities will be speaking at the event, and find out what they’ll be discussing. Then book your ticket to join in the discussion!