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PRINCES FOOD AND DRINKS II

Signature(s)

Amount
€ 39,929,723.69
Countries
Sector(s)
United Kingdom : € 39,929,723.69
Industry : € 39,929,723.69
Signature date(s)
13/08/2002 : € 39,929,723.69
Link to source
Data sheet
PRINCES FOOD AND DRINKS II
Other links
Summary sheet
Princes Food & Drinks II

Summary sheet

Release date
6 June 2002
Status
Reference
Signed | 13/08/2002
20010715
Project name
Promoter - financial intermediary
Princes Food & Drinks II
Princes Limited
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
GBP 25 million (EUR 40 million)
GBP 54 million (EUR 87 million)
Location
Sector(s)
Description
Objectives

An investment programme to modernise capital assets across several divisions of the promoter. With this programme, Princes aims to enhance its competitive position in the UK and Europe, and to maintain or improve health, safety and environmental standards.

The programme targets investments in various divisions mainly located throughout Objective 1 and 2 areas, characterised by a substantial reduction in industrial activity over the last decades. The project will contribute to sustain and improve the international competitiveness of this low cost food producer and manufacturer. Although it is not anticipated to generate significant new employment, the project will contribute to sustaining business competitiveness. One of the sub-projects will have a positive impact on urban renewal, since it aims at relocating two industrial sites from city centre locations to a dedicated industrial area.

Environmental aspects
Procurement

Part of the promoter's investment programme aims to maintain its installations for legal compliance for food processing and environmental emissions. Given the location, type and size of the investments EIAs are not expected to be required.

Private sector project.

Comments

Foods Industry

Link to source
Summary sheet
Princes Food & Drinks II
Other links
Data sheet
PRINCES FOOD AND DRINKS II

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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