Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:


EIB lends Eur 300 million for CERN’s Major Collider


The European Investment Bank (EIB) is lending EUR 300 million to finance the final phase of construction of the Large Hadron Collider (LHC) at CERN, the European Organization for Nuclear Research. The loan will also help to finance the instrumentation to record and analyse the high-energy particle collisions at the LHC. A loan to enable construction of this major project was foreseen by CERN’s governing Council when it approved the LHC in 1996.

The EIB, the European Union’s long term financing institution, is supporting the project as it promotes EU policies for European Research & Development (R&D) and the dissemination of innovation. The EIB, as the EU’s policy driven bank, is committed to supporting European R&D with innovative financing. Recently, the EIB widened its scope for R&D financing to include large research infrastructure projects such as the CERN LHC project. In conjunction with the European Commission, the EIB is ready to finance the development of EU Advanced Technological Research and to implement the Sixth Research Framework Programme on R&D, which was launched last month in Brussels. The European Commission is in charge of implementing this EUR 17.5 billion Programme.

CERN’s Large Hadron Collider provides physicists with an unrivalled high-tech tool to study fundamental physics. It will enable the European Union to maintain its leading role in fundamental research in the field of particle physics. Although its raison d’être is essentially scientific, there are also important knock-on benefits for European high-tech industries. With the largest set of interconnected accelerators in the world, CERN is contributing to the “knowledge society” by providing a competitive working environment for direct research and the training of hundreds of top scientists and engineers each year.

CERN, the world’s leading particle physics research laboratory, is an international organization founded in 1954 by 12 European countries. It is a non-profit-making institution dedicated purely to fundamental research. In CERN today, 20 European states collaborate together with its observers (including Japan, the USA, the Russian Federation, Israel, UNESCO and the European Commission) as well as with numerous scientific institutions and industries worldwide in research into the fundamental laws of nature.

Mr Philippe Maystadt, EIB president, said: “With this loan, the EIB is helping to build a unique European research programme that is crucial to ensuring that Europe keeps the lead in fundamental and particle physics research. CERN provides the means to exploit new ideas and discoveries leading to important new applications. The added value of EIB’s support for the CERN project fits into the long term involvement of the Bank to mobilise collaborative funding streams in support of scientific excellence and international research cooperation.”

Prof. Luciano Maiani, Director General of CERN said: “The LHC is an extremely advanced facility that will keep Europe at the forefront of Particle Physics in the decades to come. It will produce new knowledge and is already stimulating important developments in technology transfer. The loan from the EIB underlines the European Union’s confidence in CERN, and is a powerful endorsement of Europe’s commitment to fundamental research at the highest level. ”

European Research Commissioner Mr Philippe Busquin said: “I welcome this initiative. The research institution the EU is helping contributes to Europe’s efforts to become a world-class leader in research and particle physics research. This funding method helps us to maintain this position, whilst at the same time providing valuable lessons in other fields. European science policy needs to go beyond the Framework Programme to successfully and efficiently mobilise various financial resources for science and technology.”

Christine Sutton | alfa

More articles from Physics and Astronomy:

nachricht Researchers at Fraunhofer monitor re-entry of Chinese space station Tiangong-1
21.03.2018 | Fraunhofer-Institut für Hochfrequenzphysik und Radartechnik FHR

nachricht Taming chaos: Calculating probability in complex systems
21.03.2018 | American Institute of Physics

All articles from Physics and Astronomy >>>

The most recent press releases about innovation >>>

Die letzten 5 Focus-News des innovations-reports im Überblick:

Im Focus: Researchers at Fraunhofer monitor re-entry of Chinese space station Tiangong-1

In just a few weeks from now, the Chinese space station Tiangong-1 will re-enter the Earth's atmosphere where it will to a large extent burn up. It is possible that some debris will reach the Earth's surface. Tiangong-1 is orbiting the Earth uncontrolled at a speed of approx. 29,000 km/h.Currently the prognosis relating to the time of impact currently lies within a window of several days. The scientists at Fraunhofer FHR have already been monitoring Tiangong-1 for a number of weeks with their TIRA system, one of the most powerful space observation radars in the world, with a view to supporting the German Space Situational Awareness Center and the ESA with their re-entry forecasts.

Following the loss of radio contact with Tiangong-1 in 2016 and due to the low orbital height, it is now inevitable that the Chinese space station will...

Im Focus: Alliance „OLED Licht Forum“ – Key partner for OLED lighting solutions

Fraunhofer Institute for Organic Electronics, Electron Beam and Plasma Technology FEP, provider of research and development services for OLED lighting solutions, announces the founding of the “OLED Licht Forum” and presents latest OLED design and lighting solutions during light+building, from March 18th – 23rd, 2018 in Frankfurt a.M./Germany, at booth no. F91 in Hall 4.0.

They are united in their passion for OLED (organic light emitting diodes) lighting with all of its unique facets and application possibilities. Thus experts in...

Im Focus: Mars' oceans formed early, possibly aided by massive volcanic eruptions

Oceans formed before Tharsis and evolved together, shaping climate history of Mars

A new scenario seeking to explain how Mars' putative oceans came and went over the last 4 billion years implies that the oceans formed several hundred million...

Im Focus: Tiny implants for cells are functional in vivo

For the first time, an interdisciplinary team from the University of Basel has succeeded in integrating artificial organelles into the cells of live zebrafish embryos. This innovative approach using artificial organelles as cellular implants offers new potential in treating a range of diseases, as the authors report in an article published in Nature Communications.

In the cells of higher organisms, organelles such as the nucleus or mitochondria perform a range of complex functions necessary for life. In the networks of...

Im Focus: Locomotion control with photopigments

Researchers from Göttingen University discover additional function of opsins

Animal photoreceptors capture light with photopigments. Researchers from the University of Göttingen have now discovered that these photopigments fulfill an...

All Focus news of the innovation-report >>>



Industry & Economy
Event News

Virtual reality conference comes to Reutlingen

19.03.2018 | Event News

Ultrafast Wireless and Chip Design at the DATE Conference in Dresden

16.03.2018 | Event News

International Tinnitus Conference of the Tinnitus Research Initiative in Regensburg

13.03.2018 | Event News

Latest News

TRAPPIST-1 planets provide clues to the nature of habitable worlds

21.03.2018 | Physics and Astronomy

The search for dark matter widens

21.03.2018 | Materials Sciences

Natural enemies reduce pesticide use

21.03.2018 | Life Sciences

Science & Research
Overview of more VideoLinks >>>