Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what discussions he has had with the European Investment Bank on future funding for affordable housing.

The UK remains a full member of the European Union and it retains all of the rights, obligations and benefits that membership brings. The EIB continues to lend to UK projects and a number of UK project financing deals have been approved and signed since the referendum result. The long-term relationship between the UK and the EIB will need to be resolved as part of the UK’s withdrawal from the EU.

The Chancellor of the Exchequer is the UK Governor of the European Investment Bank and continues to fulfil his governance duties. The Chancellor continues to meet his European counterparts on a regular basis to discuss a range of issues.

The Government is committed to social housing and the Spending Review announced that the government will invest over £8 billion in housing over the next five years to deliver 400,000 affordable homes.