Alternative to the EIB needed to support infrastructure investment

Published: 31 Jan 2019



Close-up of Sterling notes

A new report today echoes findings by the National Infrastructure Commission, of the need for a new financial institution for infrastructure investment.

The Lords EU Financial Affairs sub-committee warns that once Britain leaves the European Union, the country’s infrastructure industries will lose access to funding through the European Investment Bank – which in 2015 accounted for a third of total funding for UK infrastructure projects.

In its report, the committee warns that the industry would be “hurt” if a UK alternative for the European Investment Bank isn’t put in place.

The National Infrastructure Assessment – the first of its kind for the UK – also proposes that an alternative financial institution be created to help funding and investment in infrastructure.

Responding to today’s report, a National Infrastructure Commission spokesperson said:

“Today’s report echoes the findings in our National Infrastructure Assessment – the first ever for the UK – and the need to maintain investment in our infrastructure.

“Like the committee, we’ve recommended that, without access to the European Investment Bank post-Brexit, an alternative financial institution will be needed.

“In its interim response to our Assessment, the Government confirmed there would be a review of infrastructure finance starting in late 2018 – we look forward to seeing soon how that will address this pressing issue.”


Share this article


Recent Articles

We’re recruiting – Senior Policy Adviser (environment)
Floodplain near Wollaston

We’re recruiting – Senior Policy Adviser (environment)

We’re looking to recuit someone with a particular interest in water management to join our environment team and help develop policies that enables our infrastructure systems to better protect and enhance our natural environment and safeguard important natural resources in the face of climate change impacts. Based in our Leeds office, the successful candidate will...

23 Feb 2024 By
Letter to government on business models for net zero technologies

Letter to government on business models for net zero technologies

Commission Chair Sir John Armitt has written to government setting out the need to accelerate efforts to encourage private investment in the energy infrastructure pivotal to achieving net zero and energy security. In a letter to the Chancellor and the Secretary of State for Energy Security and Net Zero, Sir John highlights the importance of...

23 Feb 2024 By
Digital future for UK roads network focus of new Commission study
Graphic showing autonomous cars

Digital future for UK roads network focus of new Commission study

Harnessing the potential of digitally connected autonomous cars and commercial vehicles to increase road safety, tackle congestion and improve the accessibility of transport services will be the focus of a new National Infrastructure Commission study on connected and autonomous mobility (CAM). The government has today (12 February) published the terms of reference for the study,...

12 Feb 2024 By

Evidence_Icon_Turquoise Created with Sketch.

Explore data used in the Commission's research, and gain insights from across UK infrastructure

Join our team of professionals supporting the Commission to provide evidence based and forward thinking advice on infrastructure strategy.