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    Signature(s)

    Amount
    € 140,056,022.41
    Countries
    Sector(s)
    United Kingdom : € 140,056,022.41
    Urban development : € 140,056,022.41
    Signature date(s)
    9/08/2019 : € 140,056,022.41
    Link to source
    Data sheet

    Summary sheet

    Release date
    30 October 2015
    Status
    Reference
    Signed | 09/08/2019
    20150079
    Project name
    Promoter - financial intermediary
    FAMILY MOSAIC
    FAMILY MOSAIC HOUSING
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    GBP 130 million (EUR 174 million)
    GBP 300 million (EUR 402 million)
    Location
    Sector(s)
    Description
    Objectives

    Financing the construction and eligible refurbishment of energy-efficient social housing estates in London and Essex

    The project will concern the financing of investments in the social and affordable housing stock of Family Mosaic, a large not-for-profit registered provider of social housing in England, managing some 24,000 units in London and Essex, in the years 2015-2019. EIB funding will concern eligible refurbishment and new construction of social and affordable housing and associated infrastructure facilities.

    Environmental aspects
    Procurement

    Compliance with the relevant EU directives will be verified during appraisal: Environmental Impact Assessment (EIA) Directive (2011/92/EU), Strategic Environmental Assessment (SEA) Directive (2001/42/EC), Habitats Directive (92/43/EEC) and Birds Directive (2009/147/EC). The status of any environmental studies and public consultations related to the urban renewal, upgrading and construction investments will be reviewed during project appraisal. Energy efficiency requirements in line with the EU Directive on the Energy Performance of Buildings (2010/31/EU) will also be further assessed during project appraisal.

    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 (Directives 2004/18/EC and/or 2004/17/EC as well as Directives 89/665/EEC and 92/13/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.

    Link to source
    Summary sheet
    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).

    Documents

    Environmental and Social Data Sheet (ESDS) - FAMILY MOSAIC
    Publication Date
    28 Aug 2019
    Document language
    Main Topic
    Lending
    Document Number
    62723894
    Document Focus
    Environmental Information
    Project Number
    20150079
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Other links
    Summary sheet
    Data sheet

    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.

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