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    Reference: 20150743
    Release date: 13 May 2016

    Promoter – Financial Intermediary

    GENESIS HOUSING ASSOCIATION LTD

    Location

    Description

    Investments to support new construction and regeneration-based social and affordable housing developments in the south-east of England

    Objectives

    The project concerns the financing of investments in the years 2016-2020 in the social and affordable housing assets of Genesis Housing Association Ltd. EIB funding will benefit the retrofitting and new construction of social and affordable housing as well as associated infrastructure facilities.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    GBP 86 million (EUR 101 million)

    Total cost (Approximate amount)

    GBP 700 million (EUR 823 million)

    Environmental aspects

    Compliance with the relevant EU directives will be verified during appraisal: Environmental Impact Assessment (EIA) Directive 2011/92/EU, Strategic Environmental Assessment (SEA) Directive 2001/42/EC, Habitats Directive 92/43/EEC and Birds Directive 2009/147/EC. The status of any environmental studies and public consultations related to the urban renewal, upgrading and construction investments will be reviewed during project appraisal. Energy efficiency requirements in line with the EU Directive on the Energy Performance of Buildings 2010/31/EU will also be further assessed during project appraisal.

    Procurement

    The Bank will require the promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Directives 2004/18/EC, or 2014/24/EU where applicable, and/or 2004/17/EC , or 2014/25/EU where applicable, and/or 2014/23/EU where applicable, as well as Directives 89/665/EEC and 92/13/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU, as and where required.

    Status

    Signed - 13/12/2019

    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).

    Related tags

    United Kingdom Urban development