European Union Committee
Brexit: the European Investment Bank

25th Report of Session 2017-19 - published 31 January 2019 - HL Paper 269



Chapter 1: Introduction

Brexit: the European Investment Bank

Chapter 2: The EIB and its activities in the UK

The EIB and its mandate

Box 1: The European Investment Fund (EIF)

The EIB’s lending in the UK

Figure 1: Volume of UK projects supported by the EIB since 2008

How the EIB supports investment

Provision of cheaper, long-term financing

Independent expertise and due diligence

Chapter 3: The impact of Brexit on the UK’s relationship with the EIB

Lending since the referendum

Figure 2: EIB lending to the UK, 2008–2018

The return of the UK’s capital

Options for a future relationship with the EIB

Chapter 4: The consequences of losing access to the EIB

The possible replacement by the private sector

Existing UK Government support for infrastructure

The British Business Bank and SME financing

Chapter 5: Establishing a UK infrastructure bank

Renewed calls for an independent UK infrastructure institution

Box 2: National promotional banks in other developed economies

Box 3: The Green Investment Bank

The benefits of having a UK infrastructure bank

Gaining confidence from private investors

Attracting expertise

Playing a countercyclical role

Considerations for creating a UK infrastructure bank

Possible barriers

Design considerations

Box 4: An overview of KfW, Germany’s state investment bank

Summary of conclusions and recommendations

Appendix 1: List of Members and declarations of interest

Appendix 2: List of witnesses

Appendix 3: Call for evidence

Evidence is published online at and available for inspection at the Parliamentary Archives (020 7219 3074).

Q in footnotes refers to a question in oral evidence.

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