Since 2008, we have invested £36.6 million through the vacant and derelict land fund, providing five of the most affected local authorities with the means to de-risk development within their boundaries.This year, we set up a £50 million joint European support for sustainable investment in city areas fund; JESSICA is an innovative new European funding model that will capture and recycle development gain and lever in significant new public and private co-investment to support urban regeneration.