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UK KNOWLEDGE ECONOMY PROGRAMME LOAN

Signature(s)

Amount
€ 500,569,660.87
Countries
Sector(s)
United Kingdom : € 500,569,660.87
Education : € 500,569,660.87
Signature date(s)
2/02/2011 : € 58,078,754.8
28/02/2011 : € 58,078,754.8
21/02/2011 : € 58,078,754.8
15/10/2010 : € 58,142,915.29
15/10/2010 : € 58,142,915.29
18/10/2010 : € 58,142,915.29
28/12/2011 : € 75,952,325.3
21/12/2011 : € 75,952,325.3
Link to source

Summary sheet

Release date
27 May 2010
Status
Reference
Signed | 15/10/2010
20100237
Project name
Promoter - financial intermediary
UK Knowledge Economy Programme Loan

Universities and further education colleges.

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
GBP 500 million. (EUR 575 million.)
GBP 2 billion. (EUR 2.3 billion.)
Location
Sector(s)
Description
Objectives

Programme Loan to partly fund various projects in the Higher and Further Education sector.

Support and further strengthen the UK knowledge-based economy.

Environmental aspects
Procurement

Council Directive 85/337/EEC amended by Directive 97/11/EC and 2003/35/EC on Environmental Impact Assessment (EIA) does not specifically mention education activities. However, if it is an urban development then Annex II/III of the EIA Directive could apply. The Environmental and Planning Departments of the competent Local Authorities, as part of the Planning Approval process, are required by local legislation viz. the Planning (EIA) Regulations Act - 1999, to screen all projects and confirm whether an EIA is required.

Most universities and further education colleges, receiving more than 50% annual direct income from public funding authorities, are required to comply with regulations governing the procurement of publicly financed projects in the UK. The Bank will require the promoters of sub-projects to submit documentation confirming compliance with relevant EU and UK procurement policies.

Link to source

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).

News & Stories

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Alternatively, the EIB can be contacted through its external offices.
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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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