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).