Release date: 5 March 2008
Promoter – Financial Intermediary
NSG UK Enterprises LimitedLocation
Description
Modernisation within the production plant in St. Helens, Merseyside and investments in research, development and engineering related to glass product and production technology.
Objectives
The financing of the R&D-expenditures will further private sector investment in research and development and innovation is eligible under Article 267 of the EC Treaty (c) in relation to i2i, while the plant modernizations, reinforcing the economic activity in an assisted area, are eligible under the Treaty’s Article 267 (a).
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 67 million
Total cost (Approximate amount)
Estimated at GBP 105 million
Environmental aspects
The R&D element of the project concerns the continuation of current RDI practice and will be carried out within existing facilities; an EIA is therefore not required by EIA Directive 85/337/EEC, amended by Directive 97/11/EC and 2003/35/EC. The modernisation of the production plant falls under Annex II of the EIA Directive. Full environmental details will be assessed during appraisal, including the possible impacts on protected flora and fauna (Habitats’ 92743/EEC and Birds’ 79/409/EEC Directives).
Procurement
EU procurement legislation does not apply to the project.
Status
Signed - 30/09/2008
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).