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    Reference: 20010611
    Release date: 17 July 2002

    Promoter – Financial Intermediary

    BBC Worldwide Limited (BBCW).BBCW is the main commercial arm and a 100% owned subsidiary of the British Broadcasting Corporation (BBC).

    Location

    Description

    Corporate facility to finance the expansion of BBCW's investments in BBC's new productions over the period 2002-2004. BBCW's portfolio of programmes focuses on news, education (incl. digital curriculum) and entertainment (incl. children programmes and music).

    Objectives

    Public service broadcasting plays an important role in promoting cultural diversity, in providing educational programming, in guaranteeing objective and pluralistic information and in supplying quality programming. In addition, this project will sustain the audiovisual production sector since the realisation of the BBC programmes is mainly done by independent producers. By re-investing the proceeds of its earnings in BBC programmes, BBCW enhances investment in public service programming and in the creative arts in Britain.

    Comments

    Audiovisual

    Sector(s)

    Proposed EIB finance (Approximate amount)

    GBP 25 mio

    Total cost (Approximate amount)

    Of the order of GBP 200 mio

    Environmental aspects

    Not applicable.

    Procurement

    In compliance with appropriate EU Directives.

    Status

    Signed - 31/05/2002

    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).

    Related tags

    United Kingdom Telecom