Automotive RDI
- Reference: 20040124
- Release date: 09 September 2004
A UK-based automotive company.
- United Kingdom
- Objective 2 area in the UK.
The proposed investment programme comprises a number of selected research, development and innovative downstream investment (RDI) activities on next generation engines and the implementation of their results into products over the period 2004-2008. The project cost includes basic RDI, engineering for design, engineering for manufacturing, facilities & tooling, and industrial development and implementation.
The programme will focus on the development of the next generation engines, improving significantly their performance, fuel economy and emission standards.The programme also supports the UK automotive industry and contributes to the creation and maintenance of employment in the context of extensive restructuring and downsizing by most vehicle manufacturers during the past few years in the UK.
- Industry
EUR 350 million.
Total cost (Approximate amount)Environmental aspectsThe project will comply with all applicable environmental legislation and regulations.
The promoter carries out competitive enquiries among potential suppliers for goods and services, as is usual in the industry. This is in line with procurement regulations for private industry projects and is in the best economic interests of the project.
Signed - 18/11/2004.
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).
Automotive industry.