Transport: EU Grants and Loans
(asked on 20th July 2016) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what recent assessment he has made of the potential effect of the UK leaving the EU on (a) signed European Investment Bank (EIB) loans for transport projects in the UK and (b) EIB loan applications that are under appraisal for transport projects in the UK.
This question was answered on 5th September 2016
The UK is and continues to be a shareholder of the European Investment Bank and the EIB has publically stated that its engagement in the UK is unchanged.
All existing loan contracts signed between UK promoters and the EIB remain in force, and the EIB has continued to sign and approve new projects since the referendum.