Release date: 12 October 2012
Promoter – Financial Intermediary
Private companyLocation
Description
The project concerns financing of research and development (R&D) activities relating to innovative new products, among others in the areas of skin care and healthy nutrition.
Objectives
The project aims to encourage research and technological development, as defined in Article 163 of the EC Treaty, and with the “Common Interest” criterion retained for the Treaty’s Article 267 point (c), i.e. the Bank’s financing activities under Knowledge Economy (i2i), (i) research and development and (ii) innovation.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 125 million
Total cost (Approximate amount)
EUR 250 million
Environmental aspects
R&D activities included in the project will not materially change current practice and will be carried out within existing facilities and laboratories, pilot plants, clinical centres, etc. An Environmental Impact Assessment (EIA) by a competent authority according to the Directive 2011/92/EU should not be required. This, along with any other environmental details, will be verified during the 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 - 8/03/2013
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).