SAB WIRTSCHAFTSFOERDERUNG SACHSEN

The EIB loan will target Saxony's grant schemes dedicated to "Priority axis 3", enhancing the competitiveness of the manufacturing industry (small and medium-sized enterprises (SMEs) and Mid-Caps).

The EIB loan will complement EU and national grant programmes carried out by Sächsische Aufbaubank (SAB) dedicated to private beneficiaries in the region.

Some of the subprojects may fall under Annex II of Directive 2011/92/EU and thus might be subject to an environmental screening/assessment. Should any such subproject have a negative impact on an area forming part of the Natura 2000 network (falling under the Habitats Directive 92/43/EEC or Birds Directive 79/409/EEC), the Bank would require the promoter to act according to the provisions of the aforementioned directives as transposed into national law. All subprojects must be implemented in compliance with EU environmental legislation.

The Bank will require the promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Dir. 2004/17/EC or 2004/18/EC and Dir. 2007/66/EC), with publication of tender notices in the EU Official Journal, as and where appropriate. Some of the project promoters (beneficiaries) will be private companies not operating in the Utilities sector, and are thus not covered by EU directives on procurement.