OpenLegislation

Division 2 Eligible Counterparts, Project Types and Instruments

United Kingdom

Original text. Later amendments are not shown.

  1. (a)The eligible counterparts to benefit from the EU guarantee shall include:
  2. (b)The EU guarantee shall be granted to support, directly or indirectly, the financing of new operations. In the infrastructure field, greenfield investments (asset creation) should be encouraged. Brownfield investments (extension and modernisation of existing assets) may also be supported. As a rule, the EU guarantee shall not be granted for supporting refinancing operations (such as replacing existing loan agreements or other forms of financial support for projects which have already partially or fully materialised), except in exceptional and well-justified circumstances where it is demonstrated that such a transaction will enable a new investment of an amount at least equivalent to the amount of the transaction and that would fulfil the eligibility criteria and general objectives laid down in Article 6 and Article 9(2) respectively.
  3. (c)Division (c)
  4. (d)Division (d)