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    Reference: 20120589
    Release date: 31 January 2013

    Promoter – Financial Intermediary

    ACCEPTABLE CORPORATE(S)

    Location

    Description

    Programme Loan for funding a range of capital expenditure projects in British research-intensive higher education institutions

    Objectives

    The purpose of the project is to construct new, and to refurbish existing teaching, research and supporting facilities of several research-intensive universities in the UK. The general objective of the plans is to increase the relevance and quality of teaching, learning and academic research at the universities by increasing and updating the quality of the facilities. The universities are targeting modest increase of their student numbers, and concentrating on further improving the teaching and research they provide. The ultimate beneficiaries are the students and staff of the universities as well as the eventual employers of the graduates and the wider society in the UK.

    Comments

    -

    Sector(s)

    Proposed EIB finance (Approximate amount)

    GBP 250 million (EUR 296 million)

    Total cost (Approximate amount)

    GBP 600 million (EUR 710 million)

    Environmental aspects

    Universities and research institutions are not specifically mentioned in the EIA Directive on Environmental Impact Assessment. An EIA is therefore not required in accordance with the EIA Directive 2011/92/EU. However, parts of the investment cover the construction of new facilities and therefore may be covered by Annex II of the Directive in relation to urban development. The Bank's services will verify during appraisal whether an EIA is required for any component of the project.

    Procurement

    The Bank will require the universities to ensure that contracts for the implementation of their projects have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Dir. 2004/18/EEC/ or 2004/17/EEC and Dir. 2007/66/EC), with publication of tender notices in the EU Official Journal, as and where appropriate.

    Status

    Approved - 23/04/2013

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    United Kingdom Education