OpenLegislation

Division 1 General principles

United Kingdom

Original text. Later amendments are not shown.

A scoreboard of indicators (the ‘Scoreboard’) shall be used by the Investment Committee established in accordance with paragraphs (7) to (12) of Article 7 of Regulation (EU) 2015/1017 to assess the value added of an operation to be potentially supported by the EIB under the EU guaranteef1. It will be a tool for the investment committee to prioritise the use of the EU guarantee for operations that display higher scores and added value. The EIB shall calculate the scores and indicators ex ante and monitor the results at project completion. The Investment Committee shall receive the scores obtained under the relevant pillars and the value of each indicator.

The Scoreboard has four Pillars:

  • Pillar 1 — Contribution to EFSI policy objectives

  • Pillar 2 — Quality and Soundness of the project

  • Pillar 3 — Technical and financial contribution

  • Pillar 4 — Complementary indicators

Due to their distinct scope, each pillar shall be assessed individually without aggregation into one single rating. The Investment Committee shall assign equal importance to each pillar, when prioritising projects irrespective of whether the individual pillar presents a numerical score or whether it is composed of unscored qualitative and quantitative indicators. In accordance with Article 7(14) of the EFSI Regulation, this scoreboard is to be used by the Investment Committee to ensure an independent and transparent assessment of the potential and actual use of the EU guarantee. This is without prejudice, and complementary, to the examination of potential projects by the Investment Committee under Article 7(7) of the EFSI Regulation.

Annotations

Footnotes

f1

The Scoreboard does not cover operations under Article 10(2)(b) of Regulation (EU) 2015/1017.