Signature(s)
Amount
€ 71,725,720.84
Countries
Sector(s)
United Kingdom
: € 71,725,720.84
Credit lines
: € 71,725,720.84
Signature date(s)
19/12/2003 : € 71,725,720.84
Summary sheet
Release date
22 July 2003
Status
Reference
Signed | 19/12/2003
20020711
Project name
Promoter - financial intermediary
Alliance & Leicester Global Loan II
Alliance & Leicester plca
Susan Britten,
Sovereign Finance plc,
Sovereign House,
PO Box 302,
298 Deansgate,
Manchester M60 3AL,
Tel: +44 161 953 3585, Fax: +44 161 214 3585.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
GBP 50 million (EUR 70 million).
In line with normal global loan criteria, the EIB would finance up to 50% of eligible project costs.
Location
Sector(s)
Description
Objectives
Global loan dedicated to finance projects promoted by small and medium sized companies (“SMEs”) in the UK, with a substantial part expected to benefit the sectors of business services and trade.
The new operation aims at ensuring the continued cooperation with A&L for the financing of SMEs.
Environmental aspects
Procurement
The financial intermediary will undertake to promote compliance of the sub-projects with relevant national and EU law.
EIB procurement guidelines for global loans will be applied.