Search En menu en ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages

Signature(s)

Amount
€ 98,013,591.22
Countries
Sector(s)
United Kingdom : € 98,013,591.22
Industry : € 9,801,359.12
Urban development : € 88,212,232.1
Signature date(s)
19/03/2008 : € 9,801,359.12
19/03/2008 : € 88,212,232.1
Link to source
Other links

Summary sheet

Release date
17 August 2006
Status
Reference
Signed | 19/03/2008
20060083
Project name
Promoter - financial intermediary
Rayners Lane Urban Regeneration
Home Group Ltd (“HGL”), one of the largest landlords in the regulated UK social housing sector and also, the leading provider of care and support services in England. HGL is not-for-profit and has charitable status.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to GBP 75 million.
Up to GBP 150 million.
Description
Objectives

The Project covers social housing demolition, rebuild and up-grade, as well as the construction of a new community centre on the Rayners Lane, a housing estate built in the sixties, the largest in the London Borough of Harrow. The estate was transferred from the Harrow Council to HGL in October 2002 in the framework of a Large Scale Voluntary Transfer. Consisting originally of over 600 housing units, it will be redeveloped ultimately into about 800 units. The programme also includes the construction of a new community centre. In addition, the project will contribute to the achievement of the UK Government’s prescribed “Decent Homes Standard” by the 2010 deadline.

Upgrading the standard of the social housing stock on the Rayners Lane is part of the Borough’s urban regeneration plan, as well as part of the larger housing strategy for West London.

Environmental aspects
Procurement

Construction. Urban infrastructure. Urban renewal/regeneration.The investment programme is subject to the environmental requirements of the European Directives as well as of public planning regulations. The project’s impact on the environment should be substantially positive, since it is expected to result in better thermal insulation, asbestos removal, improvement to the construction, and more rational planned use of inner city areas.

Contracts for the implementation of the project shall be tendered in accordance with the relevant EU procurement legislation (Dir 2004/18/EC [old Dir 93/36/EEC, 93/37/EEC, 92/50/EEC] or 2004/17/EC [old Dir 93/38/EEC]), with parallel publication of tender notices in the Official Journal of the European Union, where applicable.

Comments

Construction.
Urban infrastructure.
Urban renewal/regeneration.

Link to source
Other links

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.

Related publications