Release date: 8 May 2002
Promoter – Financial Intermediary
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
Location
Description
The EIB loan will be used by Abbey National to provide finance for social housing upgrades which are integrated into urban renewal programmes.
Objectives
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.
Comments
Construction and social housing.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to GBP 150 million (EUR 240 million).
Total cost (Approximate amount)
Up to GBP 500 million (EUR 800 million).
Environmental aspects
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.
Procurement
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.
Status
Signed - 26/04/2002
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).