Signature(s)
Summary sheet
Development and commercialisation of research from leading UK universities. The research and development (R&D) will be particularly focused on state-of-the-art technology.
This project concerns investments in the life science sector, which accounts for well over half of the promoter's overall investment programme. It covers activities ranging from pre-seed and seed financing and proof-of-concept studies to the financing of pre-clinical and clinical trials of its portfolio companies. They include, for example, investments into early stages such as target validation and hit-to-lead development, lead optimisation and toxicology studies as well as Phase I and Phase II clinical trials. The larger investments targeted at more mature portfolio companies are based on a milestone/tranche basis that matches the companies' needs for cash with the agreed milestone.
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 environmental impact assessment (EIA) by a competent authority according to Directive 2011/92/EU should not be required.
The promoter is a private company not operating in the utilities sector and is thus not covered by EU directives on procurement.
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).
Documents
News & Stories
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