PM: UK will lose billions of pounds in infrastructure funding if it leaves EU

As part of the United Kingdom's Government's campaign for the UK to remain in the European Union Prime Minister David Cameron said in a statement issued on the 14 May 2016 that the loss of European Investment Bank funding would 'put the brakes'on crucial UK infrastructure projects.

An exit from the EU would terminate Britain’s membership of the European Investment Bank (EIB), an organisation which had invested more than £16bn in UK projects over the past 3 years.

• Primary Source

ESO: In Focus: Brexit - The United Kingdom and the European Union http://www.europeansources.info/record/brexit-the-united-kingdom-and-the-european-union/

EIB: Press Release, 28.04.16: UCL agrees £280m EIB loan for campus developments http://www.eib.org/infocentre/press/releases/all/2016/2016-103-ucl-agrees-pound280m-european-investment-bank-loan-for-campus-developments.htm

EIB: Press Release, 12.05.16: United Kingdom: GBP 700m EIB backing for Thames Tideway Tunnel http://www.eib.org/infocentre/press/releases/all/2016/2016-114-gbp-700m-european-investment-bank-backing-for-thames-tideway-tunnel.htm

EIB: Projects: The EIB in the United Kingdom http://www.eib.org/projects/regions/european-union/united-kingdom/index.htm

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