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    Signature(s)

    Amount
    € 40,400,775.7
    Countries
    Sector(s)
    United Kingdom : € 40,400,775.7
    Telecom : € 40,400,775.7
    Signature date(s)
    31/05/2002 : € 40,400,775.7
    Link to source
    Data sheet

    Summary sheet

    Release date
    17 July 2002
    Status
    Reference
    Signed | 31/05/2002
    20010611
    Project name
    Promoter - financial intermediary
    BBC Worldwide
    BBC Worldwide Limited (BBCW).BBCW is the main commercial arm and a 100% owned subsidiary of the British Broadcasting Corporation (BBC).
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    GBP 25 mio
    Of the order of GBP 200 mio
    Location
    Sector(s)
    Description
    Objectives

    Corporate facility to finance the expansion of BBCW's investments in BBC's new productions over the period 2002-2004. BBCW's portfolio of programmes focuses on news, education (incl. digital curriculum) and entertainment (incl. children programmes and music).

    Public service broadcasting plays an important role in promoting cultural diversity, in providing educational programming, in guaranteeing objective and pluralistic information and in supplying quality programming. In addition, this project will sustain the audiovisual production sector since the realisation of the BBC programmes is mainly done by independent producers. By re-investing the proceeds of its earnings in BBC programmes, BBCW enhances investment in public service programming and in the creative arts in Britain.

    Environmental aspects
    Procurement

    Not applicable.

    In compliance with appropriate EU Directives.

    Comments

    Audiovisual

    Link to source
    Summary sheet

    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).

    News & Stories

    Other links
    Data sheet
    Summary sheet

    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.

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

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    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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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