European Investment Bank

HM Treasury written question – answered on 23rd October 2017.

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Photo of Lord Myners Lord Myners Crossbench

To ask Her Majesty's Government whether they intend to remain (1) an investor in, and (2) recipient of funding from, the European Investment Bank; and if not, whether they will elect to sell their shares in the bank and repay all outstanding loans.

Photo of Lord Bates Lord Bates The Minister of State, Department for International Development

The future relationship between the UK and the European Investment Bank (EIB) will be determined as part of the negotiations on the UK’s exit from the EU and the government will not be giving a running commentary on these negotiations.

Contracts signed between the EIB Group and UK counterparties are matters for the parties. The government is clear that the UK’s exit from the EU on its own does not change existing EIB Group contracts with UK counterparties.

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