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    Reference: 20140561
    Release date: 28 November 2014

    Promoter – Financial Intermediary

    Maier S. Coop.

    Location

    Description

    The investment is for research, development and innovation activities to develop interior and exterior vehicle trim components, addressing the car manufacturer's specific needs in terms of vehicle fuel efficiency, product differentiation and affordability.

    Objectives

    The EIB loan will be used by the promoter to finance its research, development and innovation (RDI) and strategic deployment investments.

    Comments

    InnovFin – EU Finance for Innovators is a joint initiative launched by the EIB in cooperation with the European Commission under Horizon 2020. InnovFin consists of a series of integrated and complementary financing tools and advisory services covering the entire value chain of research and innovation in order to support investments from the smallest to the largest enterprise.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 8 million

    Total cost (Approximate amount)

    EUR 42 million

    Environmental aspects

    The project concerns investments in research and development (R&D) and technology deployment that are expected to be carried out in existing facilities already authorised for the same purpose and would therefore not require an environmental impact assessment (EIA) under Directive 2011/92/EU. Full environmental details will be checked during the appraisal.

    Procurement

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

    Status

    Signed - 17/12/2014

    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

    Spain Industry