Release date: 11 December 2012
Promoter – Financial Intermediary
ROLLS-ROYCE PLCLocation
Description
Development of the new R&D and manufacturing centre in Solihull as well as the RDI programme for aerospace engine control systems.
Objectives
The promoter aims at providing an integrated solution for the design, development, manufacture, testing, qualification, and support of high integrity, harsh environment control systems for the large civil, regional and business aircraft engines.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 53 million (GBP 43 million)
Total cost (Approximate amount)
EUR 106 million (GBP 86 million)
Environmental aspects
The project part concerning the investments in research and development are expected to be carried out in existing facilities already authorised for the same purpose, and the project is not expected to require an EIA under the Directive 2011/92/EU. The construction of a greenfield R&D centre is covered by Annex II of the Directive, and the request of an EIA is at the discretion of the local environmental authorities. To be verified during appraisal.
Procurement
The promoter is a private company not operating in the Utilities sector, and is thus not covered by EU Directives on procurement.
Status
Signed - 17/02/2014
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).