Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how much funding was provided by the European Investment Bank to UK businesses in each year for which records are available since 1998; and what assessment he has made of the contribution of funding by that bank to the UK economy over that period.

The European Investment Bank, and its offshoot, the European Investment Fund, have been an important source of finance for infrastructure investment and growth businesses in a range of sectors including energy, transport, housing, education, water and sewerage. The EIB publishes details of all their projects on their website. Financing details of all projects can be found at the link below:

http://www.eib.org/projects/loan/list/?region=1&country=GB

As set out in the joint report on progress during phase 1 of the negotiations, the government considers that there could be mutual benefit from a continuing arrangement between the UK and the EIB, and wishes to explore these possible arrangements in the second phase of negotiations.

The government is also continuing to take steps to ensure that finance continues to be available for good infrastructure projects and growth businesses: the UK Guarantees Scheme, which gives government support for private infrastructure finance, has been broadened to offer construction guarantees, and at Budget the Chancellor launched the Charging Infrastructure Investment Fund to support the transition to zero emission vehicles.