BREMBO SPA R&D

Promoter – Financial Intermediary

BREMBO SPA

Location

• Italy

Description

Financing of Brembo's Research and Development activities.

Objectives

The project comprises the promoter’s investments in research, development and innovation in the field of high performance braking systems. The project aims at developing new and better performing brakes, with reduced weight for positive contribution to the emissions, reduced emission of particulate in the atmosphere, improved quality and thus safety of vehicles as well as better integration with modern hybrid / electric vehicles and inside ITS (Intelligent Transport Systems) architectures.

Comments

The Risk Sharing Finance Facility (RSFF) is an innovative credit risk sharing scheme jointly set up by the European Commission and the European Investment Bank to improve access to debt financing for private companies or public institutions promoting activities with a higher financial risk profile in the fields of research, technological development, demonstration and innovation investments.

Sector(s)

• Industry

Proposed EIB finance (Approximate amount)

EUR 55 million

Total cost (Approximate amount)

EUR 116 million

Environmental aspects

The project, which represents part of the promoter’s on-going R&D activities, will be carried out in existing facilities already authorised that will not change the scope due to the project; as such, no Environmental Impact Assessment (EIA) is required as per directive 2011/92/EU. The environmental details will be discussed during the appraisal with particular attention to the expected improvements in terms of environmental performance of the final products developed as a consequence of the financed project.

Procurement

The promoter is a private company not operating in the utilities sector and not having a status of a contracting authority. Thus, it is not covered by the EU directives on procurement.

Status

Signed - 18/12/2013