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Signature(s)

Amount
€ 242,643,716.73
Countries
Sector(s)
United Kingdom : € 242,643,716.73
Education : € 242,643,716.73
Signature date(s)
26/11/2009 : € 43,741,116.22
6/07/2009 : € 45,513,232.54
29/10/2010 : € 57,967,895.54
1/09/2009 : € 95,421,472.43
Link to source

Summary sheet

Release date
18 December 2008
Status
Reference
Signed | 06/07/2009
20080639
Project name
Promoter - financial intermediary
"Building Schools for the Future" Public/Private Partnership Investment Loan

Partnerships for Schools

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to GBP 300 million.
Up to GBP 600 million.
Location
Sector(s)
Description
Objectives

Investment loan for English education Public/Private Partnership projects procured under the "Building Schools for the Future" programme.

The "Building Schools for the Future" programme, launched by the English Government in 2004, is aimed at rebuilding or remodelling every state secondary school in England (around 3,500 in total).

Environmental aspects
Procurement

In principle, educational projects are not covered by Directive 97/11/EC but they can be included in the Annex II as Urban Development projects. The need of an EIA is to be clarified during appraisal.

All projects are being procured following the established UK PFI procedures.

Other links

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).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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