Recording [2] and presentations [3] from the Covenant of Mayors webinar ‘Why and how to set up Urban Development Funds?’ that took place on 21 June 2016 are available on-line. 

The webinar explains how Urban Development Funds can help cities:

• Make more efficient use of (scarce) public sector resources, especially for revenue generating or cost saving projects.
• Generate good leverage potential, also through recycling of funds.
• Bring financial discipline into the project identification/selection process.
• Can be combined with technical support and/or capital grants to overcome market barriers.

The webinar particularly focused on the example of the London Green Fund, which is a GBP 110 million holding fund managed by the European Investment Bank (EIB).