Release date: 17 August 2006
Promoter – Financial Intermediary
Home Group Ltd (“HGL”), one of the largest landlords in the regulated UK social housing sector and also, the leading provider of care and support services in England. HGL is not-for-profit and has charitable status.Location
Description
The Project covers social housing demolition, rebuild and up-grade, as well as the construction of a new community centre on the Rayners Lane, a housing estate built in the sixties, the largest in the London Borough of Harrow. The estate was transferred from the Harrow Council to HGL in October 2002 in the framework of a Large Scale Voluntary Transfer. Consisting originally of over 600 housing units, it will be redeveloped ultimately into about 800 units. The programme also includes the construction of a new community centre. In addition, the project will contribute to the achievement of the UK Government’s prescribed “Decent Homes Standard” by the 2010 deadline.
Objectives
Upgrading the standard of the social housing stock on the Rayners Lane is part of the Borough’s urban regeneration plan, as well as part of the larger housing strategy for West London.
Comments
Construction.
Urban infrastructure.
Urban renewal/regeneration.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to GBP 75 million.
Total cost (Approximate amount)
Up to GBP 150 million.
Environmental aspects
Construction. Urban infrastructure. Urban renewal/regeneration.The investment programme is subject to the environmental requirements of the European Directives as well as of public planning regulations. The project’s impact on the environment should be substantially positive, since it is expected to result in better thermal insulation, asbestos removal, improvement to the construction, and more rational planned use of inner city areas.
Procurement
Contracts for the implementation of the project shall be tendered in accordance with the relevant EU procurement legislation (Dir 2004/18/EC [old Dir 93/36/EEC, 93/37/EEC, 92/50/EEC] or 2004/17/EC [old Dir 93/38/EEC]), with parallel publication of tender notices in the Official Journal of the European Union, where applicable.
Status
Signed - 19/03/2008
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).