Release date: 18 December 2008
Promoter – Financial Intermediary
Partnerships for Schools
Location
Description
Investment loan for English education Public/Private Partnership projects procured under the "Building Schools for the Future" programme.
Objectives
The "Building Schools for the Future" programme, launched by the English Government in 2004, is aimed at rebuilding or remodelling every state secondary school in England (around 3,500 in total).
Sector(s)
Proposed EIB finance (Approximate amount)
Up to GBP 300 million.
Total cost (Approximate amount)
Up to GBP 600 million.
Environmental aspects
In principle, educational projects are not covered by Directive 97/11/EC but they can be included in the Annex II as Urban Development projects. The need of an EIA is to be clarified during appraisal.
Procurement
All projects are being procured following the established UK PFI procedures.
Status
Signed - 6/07/2009
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).