Release date: 14 May 2004
Promoter – Financial Intermediary
The Royal Bank of Scotland plc
Contact point: Clive Barnett, Head of Housing Finance, 135 Bishopsgate, London EC2M 3UR.
Location
Description
The EIB loan will be used by The Royal Bank of Scotland plc to provide finance for social housing upgrades which are integrated into urban renewal programmes.
Objectives
The objective is to supply competitive finance to Registered Social Landlords (“RSLs”) which are undertaking major urban improvements, while focusing on conurbations with integrated urban renewal strategies.
Comments
Construction and social housing.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to GBP 100m (EUR 150m).
Total cost (Approximate amount)
Up to GBP 400m (EUR 600m).
Environmental aspects
The Royal Bank of Scotland and EIB will review the projects’ environmental issues to confirm that RSLs comply with European Union Directives. Social housing improvements undertaken to support urban renewal have generally positive environmental effects.
Procurement
RSLs supported by EIB’s facility will comply with all applicable procurement Directives.
Status
Signed - 9/11/2004
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).