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        ABBEY NATIONAL URBAN RENEWAL FW

        Signature(s)

        Amount
        € 244,698,205.55
        Countries
        Sector(s)
        United Kingdom : € 244,698,205.55
        Urban development : € 244,698,205.55
        Signature date(s)
        26/04/2002 : € 244,698,205.55

        Summary sheet

        Release date
        8 May 2002
        Status
        Reference
        Signed | 26/04/2002
        20010533
        Project name
        Promoter - financial intermediary
        Abbey National Urban Renewal

        Abbey National Treasury Services plc
        Contact point: Rita Jobbins, Head of Social Housing Finance, Abbey National Treasury Services plc, 26-28 Dorset Square, London NW1 6QG

        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        Up to GBP 150 million (EUR 240 million).
        Up to GBP 500 million (EUR 800 million).
        Location
        Sector(s)
        Description
        Objectives

        The EIB loan will be used by Abbey National 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.

        Environmental aspects
        Procurement

        Abbey National 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.

        Whilst RSLs are subject to regulation under the Housing Corporation, they are private sector bodies and do not fall within the scope of European Union Directives on procurement. The RSLs' management of major procurement programmes will however be a part of Abbey National's and EIB's appraisal of each project.

        Comments

        Construction and social housing.

        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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