Question

To ask the Secretary of State for Business, Innovation and Skills, what proposals his Department have put forward for projects under the EU Fund for Strategic Investments.

The European Fund for Strategic Investments (EFSI) is used to support projects that bear a higher risk than most of the European Investment Bank’s (EIB) lending activities. The EIB is working directly with applicants and will be assessing project proposals through its normal processes, to establish which projects are most appropriate for support under EFSI. EFSI does not require applicants to submit proposals through Government Departments.