| Project Detail |
The project will finance the new immunology research centre established by “la Caixa” Foundation in Madrid. The new Institute will be equipped with state-of-the-art facilities on premises of over 20 000 m2, designed to accommodate a team of more than 500, including scientists, technicians and administrators.
Additionality and Impact
The Project supports the Banks primary objective "Innovation, digital and human capital". It aims to create facilities dedicated to medical research, thereby contributing to the relevant European, national and regional policies in the respective areas, including the European Research Area. The Project supports medical research, including basic medical research, which, due to their nature as public goods, generate externalities to the benefit of society and the broader economy. Strategic investments in the medical research sector have been shown to yield long-term health benefits, as well as economic and social returns on investment that far exceed potential commercial returns. Establishing the new medical research centre, located in modern, fit-for-purpose premises, furnished with up-to-date equipment, organized in the way ensuring its optimal use, and operated by the Promoter experienced in establishing medical research centres and staffed by skilled researchers, should result in a number of benefits for the society, both locally and globally. Among other, the new institute will enable to retain and attract skilled researchers to Europe. Outputs of the Project, including new patents and spin offs, will add to an increase of EUs innovation and competitiveness and strengthening the EU economy. Finally, new research premises in the vital knowledge domain of immunology will help addressing major global health problems. EIBs involvement diversifies the Borrowers financing sources with customized terms. It also provides a signalling effect on the quality of the Project.
Objectives
The aim of the new biomedical research centre is to promote translational research in immunology. The centre will have a clear mission to collaborate with the scientific community and is intended to increase innovation and competitiveness in the healthcare sector, which is strategic for the European Union. The renovation of the foundation office building aims at improving its energy performance, in line with the EIBs climate action and environmental sustainability objectives.
Sector(s)
Services - Professional, scientific and technical activities
Proposed EIB finance (Approximate amount)
EUR 80 million
Total cost (Approximate amount)
EUR 110 million |
