Release date: 6 July 2006
Promoter – Financial Intermediary
Sächsische Aufbaubank - FörderbankLocation
Description
The project concerns the co-financing of state support schemes under EU Structural Funds for investements in 2006 and 2007, promoted notably by SMEs. The investments will exclusively be located in the Free State of Saxony and include RDI investments.
Objectives
The aim of this project is the support of corporate investment in an Objective 1 – assisted area, primarily SMEs. A part of the scheme focuses on research, development and innovation.
Comments
Manufacturing
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 250 million
Total cost (Approximate amount)
EUR 1600 million
Environmental aspects
European and national legislation will be applied, in accordance with standard requirements for EU supported grant schemes.
Procurement
German public procurement law complies fully with Directives 92/50/EEC, 93/36/EEC and 93/37/EEC. Hence any required tenders will be organised in compliance with these procurement directives.
Status
Signed - 5/12/2006
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).