Alliance & Leicester plca
Susan Britten,
Sovereign Finance plc,
Sovereign House,
PO Box 302,
298 Deansgate,
Manchester M60 3AL,
Tel: +44 161 953 3585, Fax: +44 161 214 3585.
Location
United Kingdom
Various locations throughout the United Kingdom, including Objective 1 and 2 areas.
Description
Global loan dedicated to finance projects promoted by small and medium sized companies (“SMEs”) in the UK, with a substantial part expected to benefit the sectors of business services and trade.
Objectives
The new operation aims at ensuring the continued cooperation with A&L for the financing of SMEs.
Comments
Sector(s)
Credit lines
Proposed EIB finance (Approximate amount)
GBP 50 million (EUR 70 million).
Total cost (Approximate amount)
In line with normal global loan criteria, the EIB would finance up to 50% of eligible project costs.
Environmental aspects
The financial intermediary will undertake to promote compliance of the sub-projects with relevant national and EU law.
Procurement
EIB procurement guidelines for global loans will be applied.
Status
Signed
-
19/12/2003.
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. Therefore data provided on this page is indicative and cannot be considered to represent official EIB Policy (see also the Explanatory notes).
The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities. Enquiries and comments regarding 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, EIB can also be contacted through its external offices.
Queries regarding details of a specific project, in particular when EIB loan is under appraisal, should be preferably addressed directly to project promoters.
Any complaint regarding alleged maladministration can be lodged to 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 or corruption in EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential, and are handled in line with EIB investigation procedures and the Anti-Fraud Policy.
The EIB is committed to achieving the highest possible level of transparency. The EIB Transparency Policy sets out how EIB discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations.
