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Abbey National Treasury Services plc
Contact point: Rita Jobbins, Head of Social Housing Finance, Abbey National Treasury Services plc, 26-28 Dorset Square, London NW1 6QG
The EIB loan will be used by Abbey National to provide finance for social housing upgrades which are integrated into urban renewal programmes.
The objective is to supply competitive finance to Registered Social Landlords (“RSLs”) which are undertaking major urban improvements, while focusing on conurbations with integrated urban renewal strategies.
Abbey National and EIB will review the projects' environmental issues to confirm that RSLs comply with European Union Directives. Social housing improvements undertaken to support urban renewal have generally positive environmental effects.
Whilst RSLs are subject to regulation under the Housing Corporation, they are private sector bodies and do not fall within the scope of European Union Directives on procurement. The RSLs' management of major procurement programmes will however be a part of Abbey National's and EIB's appraisal of each project.
Construction and social housing.