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    Référence: 20210746
    Date de publication: 14 juin 2022

    Promoteur – Intermédiaire Financier




    The project concerns the financing of selected research and development (R&D) activities in the Region of Madrid (CAM), Spain.

    Additionality and Impact

    The Project finances R&D activities in the Autonomous Region of Madrid ("CAM"). It supports the implementation of Madrid's Regional Research and Innovation Plan 2022-2025 (PRICIT) and it is in line with the objectives of Horizon Europe and the new European Research Area.

    The Project addresses a clearly defined market failure, as it supports early stage R&D for which the markets fail to provide adequate funds because of the uncertainty inherent in these activities and the knowledge spillovers that prevent from fully capturing the economic returns. By funding excellence in research, it has the potential to consolidate and further expand the strong innovation capacity of CAM.

    EIB's participation will provide a financial benefit to CAM as it allows to distribute the cost of financing in the long term, resulting in a manageable annual debt service amount.

    The EIB will include flexible drawdown terms and conditions adjusted to the investment horizon of the Project, which are highly valued by public promoters and a key differentiating feature of EIB's financing. The EIB loan could have a signalling effect, facilitating additional financing for R&D programmes from complementary sources and will reduce the funding uncertainty for R&D projects in CAM.


    The project concerns the financing of selected research and development (R&D) activities in the Region of Madrid (CAM), Spain. It will support strategic research activities performed by the network of excellence of the Institutes for Advanced Studies of Madrid (IMDEA), as well as competitive calls to finance R&D projects and attract excellent researchers to the region. It will co-finance both intangible research activities and costs of R&D equipment. The project will support research centres and researchers based in the Region of Madrid.


    • Services - Activités spécialisées, scientifiques et techniques

    Montant BEI envisagé (montant approximatif)

    EUR 182 million

    Coût total (montant approximatif)

    EUR 366 million

    Aspects environnementaux

    The project concerns public research to be carried out in existing facilities, already authorised for the same purpose and not expecting to materially change current R&D practices at these institutions. Such activities create intangible assets (new knowledge and scientific discoveries), which do not fall under the EIA Directive 2014/52/EU amending Directive 2011/92/EC. The Bank will verify during the appraisal the Promoter's standards and principles in respect of environmental and social aspects, in particular the adherence to the relevant EU Directives.

    Passation des marchés

    The Bank will require the Promoter to ensure that contracts for implementation of the project have been and will be tendered in accordance with the applicable EU procurement legislation, (2014/24/EU as well as Directive 89/665/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU, as and where required.


    Signé - 15/09/2022

    Clause de non-responsabilité

    Avant d’être approuvés par le Conseil d’administration et avant la signature des prêts correspondants, les projets font l’objet d’une instruction et de négociations. Par conséquent, les informations et données fournies sur cette page sont indicatives.
    Elles sont fournies à des fins de transparence uniquement et ne peuvent être considérées comme représentant la politique officielle de la BEI (voir également les notes explicatives).

    Mots-clés correspondants

    Espagne Services