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    Signature(s)

    Amount
    € 250,000,000
    Countries
    Sector(s)
    Belgium : € 110,000,000
    United Kingdom : € 140,000,000
    Industry : € 250,000,000
    Signature date(s)
    15/04/2013 : € 40,000,000
    9/05/2012 : € 50,000,000
    15/04/2013 : € 60,000,000
    9/05/2012 : € 100,000,000
    Link to source

    Summary sheet

    Release date
    23 February 2010
    Status
    Reference
    Signed | 09/05/2012
    20090642
    Project name
    Promoter - financial intermediary
    UCB Pharmaceutical R&D

    UCB S.A.

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 250 million.
    EUR 539 million.
    Location
    Sector(s)
    Description
    Objectives

    Financing of UCB’s pharmaceutical research and development for the period 2010-2014.

    The project will contribute to private sector investments in R&D, mostly located in Europe, thus meeting the orientations that underpin the Lisbon’s Council decision and the Bank’s Knowledge Economy (i2i), research and development.

    Environmental aspects
    Procurement

    R&D activities included in the project will not materially change current R&D practice and will be carried out within existing facilities, making use of existing laboratories, pilot plants, clinical centres, etc. An EIA is therefore not required by EU Directive 97/11. Compliance of R&D activities with relevant EU legislation in particular in regards to animal testing will be also be verified during appraisal.

    The promoter is a private company not operating in the Utilities sector, and is thus not covered by EU Directives on procurement. Procedures followed will be verified during appraisal.

    Comments

    The Risk Sharing Finance Facility (RSFF) is an innovative credit risk sharing scheme jointly set up by the European Commission and the European Investment Bank to improve access to debt financing for private companies or public institutions promoting activities with a higher financial risk profile in the fields of research, technological development, demonstration and innovation investments.

    Link to source

    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).

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