That this House takes note of European Union Documents No.16115/14, a Commission Communication: An investment plan for Europe, No. 5112/15 and Addendum, a draft Regulation on the European Fund for Strategic Investments and amending Regulations (EU) No. 1291/2013 and (EU) No. 1316/2013, and No. 5317/15, Draft Amending Budget No. 1 to the General Budget 2015 accompanying the draft Regulation on the European Fund for Strategic Investments and amending Regulations (EU) No.1291/2013 and (EU) No. 1316/2013; agrees with the Government that at a time of ongoing economic fragility in Europe and tight constraints on domestic public spending, a focus on jobs and growth to facilitate the economic recovery of Europe should be welcomed; notes that the Draft Amending Budget is budget neutral and is funded from reallocations from within the ceiling for the 2014–20 Multiannual Financial Framework, which was secured by the Prime Minister in 2013 and which delivers an unprecedented real-terms reduction compared with the 2007–13 period; notes that the proposed structure respects the integrity of the European Investment Bank and does not duplicate or pre-empt the existing governance structures of the institution; and supports the Government's objective of ensuring that the proposed mechanism contributes to growth and investment in the UK.—(Mr Wallace.)

Question agreed to.