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Signature(s)

Amount
€ 143,750,449.22
Countries
Sector(s)
United Kingdom : € 143,750,449.22
Urban development : € 143,750,449.22
Signature date(s)
9/11/2004 : € 143,750,449.22
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Summary sheet

Release date
14 May 2004
Status
Reference
Signed | 09/11/2004
20040122
Project name
Promoter - financial intermediary
RBS Urban Renewal Framework Loan

The Royal Bank of Scotland plc
Contact point: Clive Barnett, Head of Housing Finance, 135 Bishopsgate, London EC2M 3UR.

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to GBP 100m (EUR 150m).
Up to GBP 400m (EUR 600m).
Description
Objectives

The EIB loan will be used by The Royal Bank of Scotland plc 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

The Royal Bank of Scotland 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.

RSLs supported by EIB’s facility will comply with all applicable procurement Directives.

Comments

Construction and social housing.

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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 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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