Question to the HM Treasury:

To ask Her Majesty’s Government how much funding they have committed to the European Fund for Strategic Investment; which other member states have so far committed funds; and, in each case, how much.

The European Fund for Strategic Investments (EFSI) is a €21bn guarantee fund which seeks to leverage other sources of investment, with the aim of delivering a total estimated target of €315bn in investment in the European economy.

The funding for the EFSI’s first loss €21bn guarantee will be backed by the EU Budget (€16bn) and the EIB (€5bn). All EU Member States, including the UK, contribute to the guarantee through our shareholding at the EIB, and as a contributor to the EU Budget. No Member States have committed bilateral funding to the EFSI, though some Member States have announced an intention to partner with the EFSI through their National Promotional Banks by contributing to projects benefiting from finance by the EFSI.