Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate his Department has made of the level of borrowing that the UK will be able to undertake from the European Investment Bank after the transition period.

The UK is no longer a member of the European Investment Bank (EIB) as membership is only available to EU member states. This means that the UK is not eligible for new financial operations from the EIB that are reserved for Member States. The UK is exploring options for a future relationship with the EIB as a third country.

The Government is committed to ensuring that businesses and infrastructure projects continue to have access to the finance they need. The UK has a range of existing tools to support investment, including the UK Guarantees Scheme. In March 2019, the Government also launched the Infrastructure Finance Review, to examine how it can best support infrastructure investment in the future.