Thinktank says replacements for European Investment Bank have backed 'fewer, smaller and lower-risk projects' New public sector lenders created by the government since Brexit are investing two-thirds less than the UK was receiving from the EU's European Investment Bank, a new report finds. Over more than four decades, the EIB backed UK projects ranging from the Channel tunnel and the Manchester Metrolink to offshore windfarms and upgrading the National Grid.
Exclusive: new UK banks' post-Brexit investment only one third of lost EU funds
The Guardian - 14 Sep 2023 07:00
Thinktank says replacements for European Investment Bank have backed 'fewer, smaller and lower-risk projects' New public sector lenders created by the government since Brexit are investing two-thirds less than the UK was receiving from the EU's European Investment Bank, a new report finds. Over more than four decades, the EIB backed UK projects ranging from the Channel tunnel and the Manchester Metrolink to offshore windfarms and upgrading the National Grid.
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