Seema Malhotra – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Seema Malhotra on 2016-10-11.

To ask Mr Chancellor of the Exchequer, which projects in the UK are (a) currently funded and (b) due to be funded by the European Investment Bank.

Mr David Gauke

While the UK remains a full member of the European Union it retains all of the rights, obligations and benefits that membership brings. 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 EIB publish all loans made to UK borrowers as well as details on all future projects yet to be financed. Between 2013 and 2015, the UK received €20.7bn in EIB financing. The link below provides full details on EIB lending to the UK.

http://www.eib.org/projects/regions/european-union/united-kingdom/index.htm