Release date: 22 July 2003
Promoter – Financial Intermediary
Alliance & Leicester plca
Susan Britten,
Sovereign Finance plc,
Sovereign House,
PO Box 302,
298 Deansgate,
Manchester M60 3AL,
Tel: +44 161 953 3585, Fax: +44 161 214 3585.
Location
Description
Global loan dedicated to finance projects promoted by small and medium sized companies (“SMEs”) in the UK, with a substantial part expected to benefit the sectors of business services and trade.
Objectives
The new operation aims at ensuring the continued cooperation with A&L for the financing of SMEs.
Sector(s)
Proposed EIB finance (Approximate amount)
GBP 50 million (EUR 70 million).
Total cost (Approximate amount)
In line with normal global loan criteria, the EIB would finance up to 50% of eligible project costs.
Environmental aspects
The financial intermediary will undertake to promote compliance of the sub-projects with relevant national and EU law.
Procurement
EIB procurement guidelines for global loans will be applied.
Status
Signed - 19/12/2003
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).