Release date: 1 July 2005
Promoter – Financial Intermediary
Johnson Matthey, Plc.Location
Description
The project concerns the Promoter’s European based Research and Development expenditure during the period 2004-2007.
Objectives
Supporting the Promoter’s R&D expenditures in its core business areas will strengthen the market position of this EU-based enterprise. Providing funding support under EIB’s “Innovation 2010 Initiative” corresponds to the European Council recommendations to bolster investments in human capital, industrial innovation and research. In conclusion, the R&D expenditures are eligible under the EU Treaty, Article 267 point c) i2i – Furthering private sector investments in R&D and innovation.
Comments
Manufacture of chemicals and chemical products.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to GBP 75 m.
Total cost (Approximate amount)
About GBP 150 m.
Environmental aspects
R&D activities will be carried out within existing facilities, making use of existing laboratories, pilot plants, etc. An EIA therefore is not required by EU Directive 97/11. Compliance of R&D activities with relevant EU environmental legislation has been verified during appraisal.
Procurement
The Promoter is a private company operating in the chemical sector and is not covered by EU Directives on procurement.
Status
Signed - 2/09/2005