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Signature(s)

Amount
€ 209,726,788.35
Countries
Sector(s)
United Kingdom : € 209,726,788.35
Urban development : € 94,377,054.76
Industry : € 115,349,733.59
Signature date(s)
13/06/2018 : € 94,377,054.76
13/06/2018 : € 115,349,733.59

Summary sheet

Release date
23 September 2016
Status
Reference
Signed | 13/06/2018
20160158
Project name
Promoter - financial intermediary
WHEATLEY - HOUSING IN SCOTLAND
WHEATLEY GROUP
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
GBP 185 million (EUR 216 million)
GBP 400 million (EUR 467 million)
Location
Sector(s)
Description
Objectives

Financing of investments in the regeneration of Wheatley Group's existing social housing stock to meet Scottish and EU energy efficiency targets and investments in new energy efficient social housing to meet Scottish demand for social and affordable housing as well as housing and integration support for refugees in Scotland.

The Project comprises the financing of: (a) the retrofitting of existing social housing stock to meet Scottish and EU energy efficiency standards; (b) the construction of new low-carbon social housing; and (c) the provision of housing and integration for refugees.

Environmental aspects
Procurement

Compliance with the relevant EU Directives will be verified during appraisal: EU EIA Directive 2011/92/EU, amended by Directive 2014/52/EU, EU SEA Directive 2001/42/EC, EU Habitats Directive 92/43/EEC and EU 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, or 2014/24/EU where applicable, and/or 2004/17/EC, or 2014/25/EU where applicable, and/or 2014/23/EU where applicable, 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

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) - WHEATLEY - ENERGY EFFICIENT HOUSING IN SCOTLAND
Publication Date
10 Dec 2016
Document language
Main Topic
Lending
Document Number
69146432
Document Focus
Environmental Information
Project Number
20160158
Regions
Countries
Publicly available
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