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The Royal Bank of Scotland plc
Contact point: Clive Barnett, Head of Housing Finance, 135 Bishopsgate, London EC2M 3UR.
The EIB loan will be used by The Royal Bank of Scotland plc to provide finance for social housing upgrades which are integrated into urban renewal programmes.
The objective is to supply competitive finance to Registered Social Landlords (“RSLs”) which are undertaking major urban improvements, while focusing on conurbations with integrated urban renewal strategies.
The Royal Bank of Scotland and EIB will review the projects’ environmental issues to confirm that RSLs comply with European Union Directives. Social housing improvements undertaken to support urban renewal have generally positive environmental effects.
RSLs supported by EIB’s facility will comply with all applicable procurement Directives.
Construction and social housing.