Brexit ‘would end EIB infra investment'

16 May 2016 Leaving the European Union would result in an end of infrastructure investment from the European Investment Bank (EIB), Prime Minister David Cameron has claimed.

“An exit from the EU would terminate Britain’s membership of the European Investment Bank, an organisation which has invested more than £16bn in UK projects over the past three years,” the government said.

Cameron pointed to investments in a range if infrastructure projects, including the recent £700m for the Thames Tideway Tunnel and investment in the Intercity Express Programme.

“Vital projects across every region of the UK have been financed by the EIB,” he added.

However, as well as being a major beneficiary of the bank, the UK is the EIB’s joint-largest shareholder.

Alongside loans, the EIB has also backed UK projects through its Project Bond Credit Enhancement (PBCE) initiative, which helps schemes access the capital markets by increasing their bond ratings.

For a more in-depth look at the progress of the PBCE, see the upcoming June issue of Partnerships Bulletin

 

This page was last updated on:
13 December 2017.

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