Signature(s)
Summary sheet
- Education - Education
The Priority Schools Building Programme is a programme to rebuild 261 of England's schools in the worst condition. The Education Funding Agency (EfA), part of the UK Department for Education (DfE), is responsible for its delivery and has chosen to finance 46 of these schools with limited recourse Project Finance, split into five batches. The remaining schools will be financed through direct capital grant and are not covered by this operation. A single Board approval will be sought for all five batches based on high level due diligence, with more specific detailed due diligence to be undertaken for every single batch as the programme progresses through procurement.
The investment will deliver significant educational benefits as well as improve quality and efficiency of the schools. The project is consistent with the EU actions aimed at increasing access to lifelong learning, the quality of education, and the formation of human capital for employment and social inclusion.
Schools are not specifically mentioned in the EIA Directive on Environmental Impact Assessment, though the project can be covered by Annex II of the Directive in relation to urban development. The Bank’s services will verify during appraisal the EIA screening decision taken by the Competent Authority.
The promoter is required to respect national and European procurement legislation. The Bank requires the promoter to ensure that all relevant contracts for the implementation of the project have been or will be tendered in accordance with relevant EU procurement legislation (Dir. 2004/18/EEC/ or 2004/17/EEC and Dir. 2007/66/EC), with publication of tender notices in the EU Official Journal, as and where appropriate.
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).
Documents
News & Stories
General enquiries and comments
The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.
Media enquiries
Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.
Complaints mechanism
Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.
Zero tolerance against fraud and corruption
The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.
Related publications