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End The European Investment Bank Uncertainty Now

Britain must continue to maintain the closest possible relationship with the European Investment Bank, Labour MEP Alex Mayer will warn today (8th January) as MEPs vote on the organisation's annual report.

The European Investment Bank is the world's largest international public lending institution.

With a triple A credit rating, higher than the UK government's score, it helps companies finance big ticket infrastructure projects.

The East of England has previously benefitted from £60 million for East Anglian trains,  £100 million for Stanford le-Hope super port London Gateway, £225 million for the  Galloper Wind Farm off the Suffolk Coast, and £63 million for schools across Hertfordshire and Luton.

MEPs will vote for urgent clarification on the impact of Brexit.

Speaking in the Parliament Alex Mayer MEP will cite examples of EIB investment in the region and suggest "long may it continue".

She says: “I don't want to see a source of vital finance cut off. It is crucial that the government gets a deal which allows us still to participate in this bank. Local projects have benefitted enormously from the EIB - we need guarantees future projects will too."

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