Release date: 1 July 2005
Promoter – Financial Intermediary
Johnson Matthey, Plc.Location
Description
The project concerns the Promoter’s European based Research and Development expenditure during the period 2004-2007.
Objectives
Supporting the Promoter’s R&D expenditures in its core business areas will strengthen the market position of this EU-based enterprise. Providing funding support under EIB’s “Innovation 2010 Initiative” corresponds to the European Council recommendations to bolster investments in human capital, industrial innovation and research. In conclusion, the R&D expenditures are eligible under the EU Treaty, Article 267 point c) i2i – Furthering private sector investments in R&D and innovation.
Comments
Manufacture of chemicals and chemical products.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to GBP 75 m.
Total cost (Approximate amount)
About GBP 150 m.
Environmental aspects
R&D activities will be carried out within existing facilities, making use of existing laboratories, pilot plants, etc. An EIA therefore is not required by EU Directive 97/11. Compliance of R&D activities with relevant EU environmental legislation has been verified during appraisal.
Procurement
The Promoter is a private company operating in the chemical sector and is not covered by EU Directives on procurement.
Status
Signed - 2/09/2005
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).