Summary sheet
The project concerns financing of research and development (R&D) activities relating to innovative new products, among others in the areas of skin care and healthy nutrition.
The project aims to encourage research and technological development, as defined in Article 163 of the EC Treaty, and with the “Common Interest” criterion retained for the Treaty’s Article 267 point (c), i.e. the Bank’s financing activities under Knowledge Economy (i2i), (i) research and development and (ii) innovation.
R&D activities included in the project will not materially change current practice and will be carried out within existing facilities and laboratories, pilot plants, clinical centres, etc. An Environmental Impact Assessment (EIA) by a competent authority according to the Directive 2011/92/EU should not be required. This, along with any other environmental details, will be verified during the appraisal.
The promoter is a private company not operating in the utilities sector, and is thus not covered by EU Directives on procurement.