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 Light-driven atomic rotations excite magnetic waves
24.10.2016 | Max-Planck-Institut für Struktur und Dynamik der Materie

nachricht Move over, lasers: Scientists can now create holograms from neutrons, too
21.10.2016 | National Institute of Standards and Technology (NIST)

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: Light-driven atomic rotations excite magnetic waves

Terahertz excitation of selected crystal vibrations leads to an effective magnetic field that drives coherent spin motion

Controlling functional properties by light is one of the grand goals in modern condensed matter physics and materials science. A new study now demonstrates how...

Im Focus: New 3-D wiring technique brings scalable quantum computers closer to reality

Researchers from the Institute for Quantum Computing (IQC) at the University of Waterloo led the development of a new extensible wiring technique capable of controlling superconducting quantum bits, representing a significant step towards to the realization of a scalable quantum computer.

"The quantum socket is a wiring method that uses three-dimensional wires based on spring-loaded pins to address individual qubits," said Jeremy Béjanin, a PhD...

Im Focus: Scientists develop a semiconductor nanocomposite material that moves in response to light

In a paper in Scientific Reports, a research team at Worcester Polytechnic Institute describes a novel light-activated phenomenon that could become the basis for applications as diverse as microscopic robotic grippers and more efficient solar cells.

A research team at Worcester Polytechnic Institute (WPI) has developed a revolutionary, light-activated semiconductor nanocomposite material that can be used...

Im Focus: Diamonds aren't forever: Sandia, Harvard team create first quantum computer bridge

By forcefully embedding two silicon atoms in a diamond matrix, Sandia researchers have demonstrated for the first time on a single chip all the components needed to create a quantum bridge to link quantum computers together.

"People have already built small quantum computers," says Sandia researcher Ryan Camacho. "Maybe the first useful one won't be a single giant quantum computer...

Im Focus: New Products - Highlights of COMPAMED 2016

COMPAMED has become the leading international marketplace for suppliers of medical manufacturing. The trade fair, which takes place every November and is co-located to MEDICA in Dusseldorf, has been steadily growing over the past years and shows that medical technology remains a rapidly growing market.

In 2016, the joint pavilion by the IVAM Microtechnology Network, the Product Market “High-tech for Medical Devices”, will be located in Hall 8a again and will...

All Focus news of the innovation-report >>>



Event News

#IC2S2: When Social Science meets Computer Science - GESIS will host the IC2S2 conference 2017

14.10.2016 | Event News

Agricultural Trade Developments and Potentials in Central Asia and the South Caucasus

14.10.2016 | Event News

World Health Summit – Day Three: A Call to Action

12.10.2016 | Event News

Latest News

Oasis of life in the ice-covered central Arctic

24.10.2016 | Earth Sciences

‘Farming’ bacteria to boost growth in the oceans

24.10.2016 | Life Sciences

Light-driven atomic rotations excite magnetic waves

24.10.2016 | Physics and Astronomy

More VideoLinks >>>