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    Reference: 20160655
    Release date: 5 October 2016

    Promoter – Financial Intermediary

    ACCEPTABLE CORPORATE(S)

    Location

    Description

    EIB programme loan to finance investments of eligible mid-caps with a focus on innovative companies in Ireland and the UK

    Objectives

    This is an EIB programme loan to finance the investments of eligible mid-caps, with fewer than 3000 employees, from different sectors in Ireland and the UK. An indicative split of EIB financing per country is a 50% share for Ireland and the UK.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 150 million

    Total cost (Approximate amount)

    EUR 400 million

    Environmental aspects

    The projects to be financed under this programme loan will most likely concern investments that are expected to be carried out in existing facilities without changing their already authorised scope and would therefore not require an environmental impact assessment (EIA) under Directive 2011/92/EU. However, for each sub-operation under this programme loan the Bank's services will review during the project appraisal whether any of the concerned projects could fall under the EIA Directive, as well as any other environmental legislation, and will ensure that those investments are implemented in compliance with EU legislation.

    Procurement

    The promoters of the projects to be financed under this programme loan will be private companies not operating in the utilities sector and not having the status of a contracting entity, thus not subject to EU rules on public procurement.

    Status

    Approved - 15/11/2016

    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

    Ireland United Kingdom Credit lines