JASPERS is a technical support facility set up in 2006 to help the 12 Member States which joined the EU in 2004 and 2007 identify and prepare projects potentially eligible for assistance under the EU Structural Funds (European Regional Development Fund and Cohesion Fund). JASPERS is managed by the European Investment Bank (EIB) and the other partners are the European Commission, the European Bank for Reconstruction and Development and  Kreditanstalt für Wiederaufbau (KfW), which joined JASPERS in 2008 as an associate partner.  

JASPERS' main objective is to help these Member States make use more rapidly and more effectively of the EUR 347 billion grant finance made available by the European Union for the implementation of EU cohesion policy during the period 2007-2013. The support provided by JASPERS is comprehensive and covers all stages of the project cycle from the initial identification of a project through to the grant application to the Commission.

The aim of the initiative is to improve the quantity and the quality of projects coming forward for approval, in order to benefit not only Member States but also the Union as a whole through the implementation of the convergence objectives.

JASPERS assistance is available for infrastructure projects, primarily involving the upgrading of transport networks, environmental improvement and investments enhancing energy efficiency and using renewable energy. In addition, the improvement of urban transport is also covered, as well as large projects in other sectors eligible for EU assistance such as health, R&D and urban redevelopment.

JASPERS assistance is provided free of charge to the beneficiaries and there is no obligation on the Member States to use JASPERS.