Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 22 January 2018 to Question 122491, what assessment his Department has made of the contribution of European Investment Bank funding to the UK's green industry.

As the Chancellor set out in his 2017 Mansion House speech, the EIB has been an important source of finance for infrastructure investment in the UK. The EIB invests across a range of sectors including energy, transport, housing, education, water and sewerage.

For the green industry, the EIBs largest and most frequent loans over the last decade have been in the field of renewable energy generation, more specifically; offshore wind farms and offshore transmission networks (through OFGEMs offshore transmission network tendering process).

From 2006-2016 the EIB lent €15.69bn to the UK energy sector. Of this, roughly a quarter was to projects related to offshore wind generation.

The EIB has also lent to other types of environmentally focussed projects such as the rollout of Smart Meters and the Thames Tideway Tunnel.

A complete database of all EIB projects and loan amounts can be found at the link below;

http://www.eib.org/projects/loan/list/?region=1&country=GB