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