The Treasury is consulting on the future of infrastructure financing and funding, including what should happen if the UK withdraws from the European Investment Bank (EIB), and the contribution of private finance.
The EIB is the lending arm of the EU and has lent £118bn to the UK since 1973. It never lends more than 50 per cent of a project’s cost.
The UK will leave the EIB when the UK ceases to be a member of the European Union. Under the terms of the Withdrawal Agreement, the...
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