LORDS

EIB funded sectors give evidence on Brexit challenges and opportunities

17 October 2018

EU Financial Affairs Sub-Committee takes evidence from representatives of sectors funded by the European Investment Bank.

Witnesses

Wednesday 17 October in Committee Room 4A, Palace of Westminster

At 10.00am

  • Pete Clutton-Brock, Policy Advisor, E3G
  • Alex Conway, Assistant Director, Brexit and European Programmes, Greater London Authority (GLA)
  • Philip Harding, Director of Finance and Business Services, University College London (UCL)
  • Piers Williamson, Chief Executive, The Housing Finance Corporation

Likely questions

Questions likely to be asked include:

  • The EIB provides cheaper financing than many commercial lenders; so how much would any loss or reduction of EIB funding increase the cost of capital for new projects?
  • How important is the EIB's appetite for longer-term projects? Why is there a lack of appetite for these in the private sector?
  • Should the UK government try to maintain access to EIB funding post Brexit?
  • What role could current UK schemes play in replacing EIB funding, such as the UK Guarantees Schemes for infrastructure or the Affordable Housing Guarantee Scheme?
  • Should the UK seek to establish its own national financing institution?
  • How important was the Green Investment Bank (GIB) in supporting investment in green infrastructure, such as offshore wind? What impact has its privatization had on this financing?
  • What challenges could the government face in establishing a UK development bank? Could it be up and running by January 2021?

Further information

Image: iStockPhoto

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